FortisBC first energy utility in North America to automatically designate Renewable Natural Gas for customers [Yahoo! Finance]
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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Source: Yahoo! Finance
Inc. (FortisBC) gas customers will have one per cent of their gas automatically designated as Renewable Natural Gas (RNG). FortisBC is the first energy utility in North America to automatically designate RNG for customers. "It is clear that our province needs all available tools to address climate change and support an affordable energy transition towards lower emissions for residents, businesses and industry," said Doug Slater , vice-president of Indigenous relations and regulatory affairs at FortisBC. "The gas system is undergoing a transition as we work to increase the supply of renewable and low-carbon gases, like RNG, to lower emissions and this new RNG blend offering will help us do that." For the average residential customer, there will be no cost impact to their monthly bill. The one per cent RNG blend will be incorporated in the storage and transport line item on their bill and they will see a carbon tax credit (biomethane credit) for the portion of their gas that is auto
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