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Stock impact report

New York Public Service Commission Approves New Rates for New York Utility Business

National Fuel Gas Company (NFG) 
Last national fuel gas company earnings: 4/30 04:45 pm Check Earnings Report
Company Research Source: GlobeNewswire
WILLIAMSVILLE, N.Y., Dec. 19, 2024 (GLOBE NEWSWIRE) -- National Fuel Gas Distribution Corporation (Distribution), the Utility segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or the Company), today received approval from the New York Public Service Commission (PSC) on the terms of a Joint Proposal filed in Distribution’s rate proceeding resulting in a three-year settlement with new rates commencing January 1, 2025. The incremental revenues will support necessary investments in Distribution’s pipeline infrastructure and workforce, address the rising cost of operating its gas delivery system, and advance more affordable decarbonization initiatives to comply with state climate goals. This is the first increase to Distribution’s base delivery rates in New York since 2017 and only the second increase in 16 years. The terms of the Joint Proposal, as approved and modified by the PSC, also include several provisions relating to gas safety and customer service that will prov Show less Read more
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