Florida Public Service Commission native order document 03953-2024

OCR transcription for search; preserved printed pages are authoritative

FILED 5/23/2024
DOCUMENT NO. 03953-2024
FPSC - COMMISSION CLERK

BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION

In re: Petition to implement long-term debt DOCKET NO. 20240028-GU
cost true-up mechanism, by Peoples Gas ORDER NO, PSC-2024-0170-TRF-GU
System, Inc. ISSUED: May 23, 2024

The following Commissioners participated in the disposition of this matter:

MIKE LA ROSA, Chairman
ART GRAHAM
GARY F. CLARK
ANDREW GILES FAY
GABRIELLA PASSIDOMO

ORDER APPROVING PEOPLES GAS SYSTEM, INC.’S
LONG-TERM DEBT COST RATE

BY THE COMMISSION:

Background

Peoples Gas System, Inc. (PGS or Company) is a wholly-owned subsidiary of TECO Gas
Operations, Inc., which is a subsidiary of TECO Energy, Inc., which is a wholly-owned
subsidiary of Emera United States Holdings, Inc., which is a wholly-owned subsidiary of Emera
Incorporated. PGS owns and operates natural gas distribution facilities in Florida and provides
service to 470,000 customers in 39 of Florida’s 67 counties. On January 1, 2023, PGS ceased to
be a division of Tampa Electric Company and was spun-off into its own entity. As a new entity,
PGS ceased obtaining long-term debt capital from its affiliate, Tampa Electric Company, and
issued its own debt on December 19, 2023. The Company’s current rates were approved by
Order No. PSC-2023-0388-FOF-GU, issued December 27, 2023 (2023 Rate Case Order), which
included approval of the Long-Term Debt Cost Rate True-Up Mechanism (LTDR True-Up
Mechanism).!

On February 2, 2024, PGS filed its petition to implement the aforementioned LTDR
True-Up Mechanism. The LTDR True-Up Mechanism allows the Company to make a one-time
adjustment to its estimated cost of long-term debt for the projected test year ending December
31, 2024, to reflect the actual embedded cost of PGS’s inaugural long-term debt issuance in its
revenue requirement and rates.”

In its petition, PGS is seeking approval of an increase of the long-term debt cost rate from
5.54 percent to 5.64 percent, which would increase the weighted average cost of capital from
7.02 percent to 7.05 percent, and thereby increase the incremental base rate revenue increase

'Order No. PSC-2023-0388-FOF-GU, issued December 27, 2023, in Docket No. 20230023-GU, Jn re: Petition for
rate increase by Peoples Gas System, Inc.

7d., p. 107-109.

ORDER NO. PSC-2024-0170-TRF-GU
DOCKET NO. 20240028-GU
PAGE 2
approved in the 2023 Rate Case Order by $874,085. The Company also requested our approval
of the updated base rates and charges and associated tariffs, effective for the first billing cycle of
June 2024. PGS also requested we specify the amount of incremental revenue requirement from
January 1, 2024, to the effective date of the Company’s updated 2024 tariffs to be deferred by
the Company for recovery through the Cast Iron/Bare Steel Replacement Rider for 2025 as
approved in the 2023 Rate Case Order.
During the review process, Commission staff issued two data requests to PGS. The first
data request was issued on February 13, 2024, and the Company’s response was received on
February 23, 2024. 3 	The second data request was issued on February 29, 2024, and a response
was received on March 11, 2024. 4 By Order No. PSC-2024-0090-PCO-GU, we suspended the
proposed tariffs.5 We have jurisdiction over this matter pursuant to Sections 366.03, 366.04,
366.05, 366.06, and 366.076, Florida Statutes (F.S.).
Decision
I. 	Long-Term Debt Rate True-Up Mechanism
The LTDR True-Up Mechanism we approved in the 2023 Rate Case Order allows PGS to
make a one-time adjustment to the Company’s forecasted long-term debt cost rate after its
inaugural long-term debt issuance.6 In the 2023 Rate Case Order, we approved a long-term debt
cost rate of 5.54 percent. 7 PGS completed its inaugural long-term debt issuance on December 19,
2023, by issuing a total of $925 million of long-term debt in the following amounts and
maturities: $350 million at five years, $350 million at ten years, and $225 million at thirty years.
The embedded cost rate of the three debt issuances, including debt issuing expense, is 5.64
percent.8 We reviewed the Company’s calculation of 5.64 percent for the embedded cost of long-
term debt in Exhibit One attached to its petition and verified its accuracy. PGS used the same
methodology to calculate the actual long-term debt cost rate of 5.64 percent that we approved in
the 2023 Rate Case Order.
In early 2023, PGS forecasted to issue approximately $825 million of long-term debt on
September 30, 2023, and expected approximately $910 million of intercompany debt to be
outstanding at the time the intercompany loan with Tampa Electric Company was paid off.9
Ultimately, PGS issued $100 million more than forecasted based on the amount of intercompany
debt outstanding at the time of the Company’s inaugural long-term debt issuance (December 19,
2023). In response to Commission staff’s second data request, PGS explained that the purpose
for the additional $100 million was to satisfy the combined intercompany long-term and short-
3Document No. 00892-2024
4Document No. 01103-2024
5Order No. PSC-2024-0090-PCO-GU, issued April 8, 2024, in Docket No. 20240028-GU, In re: Petition for rate
increase by Peoples Gas System, Inc.
6Order No. PSC-2023-0388-FOF-GU, issued December 27, 2023, in Docket No. 20230023-GU, In re: Petition for
rate increase by Peoples Gas System, Inc., p. 107-110.
7Id. at p. 45-51.
8Document No. 00534-2024, p. 11.
9Document No. 00534-2024, p. 3.

ORDER NO. PSC-2024-0170-TRF-GU
DOCKET NO. 20240028-GU
PAGE 3
term 	debt 	outstanding 	of 	$956 	million.10 	PGS’s 	implementation 	of 	the 	LTDR 	True-Up
Mechanism complies with our 2023 Rate Case Order; therefore, we approve PGS’s request to
increase its cost rate for long-term debt from 5.54 percent to 5.64 percent for the test year ending
December 31, 2024.
II. 	Weighted Average Cost of Capital
By updating the forecasted long-term debt cost rate of 5.54 percent with the actual cost
rate of 5.64 percent, and making no other changes to PGS’s capital structure approved in the
2023 Rate Case Order, the weighted average cost of capital increased from 7.02 percent to 7.05
percent. The balance of long-term debt in the updated capital structure is unchanged from the
balance of $830,722,209 approved in the 2023 Rate Case Order. We reviewed the Company’s
revised capital structure in its petition and verified it is calculated correctly pursuant to the 2023
Rate Case Order.11 Therefore, we approve PGS’s request to increase the weighted average cost
of capital from 7.02 percent to 7.05 percent for the test year ending December 31, 2024.
III. 	Incremental Base Rate Revenue Requirement
In the 2023 Rate Case Order, we approved PGS’s incremental base rate revenue
requirement of $117,839,527 based on an overall rate of return of 7.02 percent.12 Updating the
7.02 percent overall rate of return to 7.05 percent, the incremental revenue requirement increased
to $118,713,612. 13 This equates to an increase of $874,085 or 0.74 percent. We reviewed PGS’s
updated incremental base rate revenue increase calculations in its petition and verified it was
calculated correctly pursuant to the 2023 Rate Case Order.14 Therefore, we approve an increase
in 	the 	amount 	of 	the 	incremental 	base 	rate 	revenue 	requirement 	from 	$117,839,527 	to
$118,713,612 for the test year ending December 31, 2024.
IV. 	Effective Date
As discussed above, PGS requested to increase the incremental base rate revenue
requirement from $117,839,527 to $118,713,612 for the test year ending December 31, 2024,
which results in an increase of $874,085. PGS allocated this amount to the monthly customer
charge and distribution charge in all its rate classes as shown in its petition. A residential
customer in the RS-2 rate schedule, using 14 therms per month would see a bill increase of
$0.06, from $29.27 to $29.33, excluding clause factors and taxes.
In response to Commission staff’s second data request, PGS stated that it intends to
notify its customers of the rate changes at least 30 days prior to their effective date, via bill
inserts, email notification for electronic bill customers and the PGS website.15 Our staff has
10 Document No. 01103-2024
11 Document No. 00534-2024, p. 13.
12 Order No. PSC-2023-0388-FOF-GU, issued December 27, 2023, in Docket No. 20230023-GU, In re: Petition for
rate increase by Peoples Gas System, Inc., Attachment 5, p. 121.
13 The overall rate of return is synonymous with the average weighted average cost of capital.
14 Document No. 00534-2024, p. 15.
15 Response No. 10 in Staff’s Second Data Request, Document No. 01103-2024.

ORDER NO. PSC-2024-0170-TRF-GU
DOCKET NO. 20240028-GU
PAGE 4
reviewed the proposed customer notice, which was provided in response to staff’s second data
request.
PGS requested that the proposed tariffs be effective with the first billing cycle in June
2024 or soon thereafter. The proposed tariffs, calculations of the revised base rate charges and
PGS’s responses to data requests are approved and shall be effective with the first billing cycle in
July 2024.
V. 	Deferral of Recovery
In the 2023 Rate Case Order, we approved PGS’s proposal that for the time period
between when the new approved base rates went into effect (January 1, 2024) and the
implementation date of the LTDR True-Up Mechanism adjusted base rates (first billing cycle of
July 2024), the Company will defer the rate impact of the LTDR True-Up Mechanism to its
balance sheet for refund or collection through the Cast Iron/Bare Steel Replacement (CI/BSR)
Rider in the subsequent year if the amount of the LTDR True-Up Mechanism is greater than
$500,000. As discussed above, the impact of the LTDR True-Up Mechanism on the incremental
revenue 	requirement 	is 	$874,085. 	Therefore, 	the 	recovery 	of 	the 	incremental 	revenue
requirement for the six-month period from January 1, 2024, through June 30, 2024, shall be
recovered through the CI/BSR Rider for 2025. Therefore, we approve PGS’s request to defer
recovery of the incremental revenue increase for the six-month period from January 1, 2024,
through June 30, 2024, to the CI/BSR Rider for 2025. The Company shall include the actual
incremental amount for recovery in the 2024 CI/BSR Rider docket.
Based on the foregoing, it is
ORDERED by the Florida Public Service Commission that Peoples Gas System, Inc.’s
cost rate for long-term debt is increased from 5.54 percent to 5.64 percent for the test year ending
December 31, 2024. It is further
ORDERED that PGS’s weighted average cost of capital is increased from 7.02 percent to
7.05 percent for the test year ending December 31, 2024. It is further
ORDERED that PGS’s incremental base rate revenue requirement approved in the 2023
Rate Case Order is increased from $117,839,527 to $118,713,612 for the test year ending
December 31, 2024. It is further
ORDERED that PGS’s updated base rates, charges, and tariffs reflected in Attachment A
to this order shall go into effect with the first billing cycle in July 1, 2024. It is further
ORDERED that recovery pf the incremental revenue increase for the six-month period
from January 1, 2024, through June 30, 2024, is deferred to the Cast Iron/Bare Steel
Replacement Rider for 2025. 	The Company shall include the actual incremental amount for
recovery in the 2024 Cast Iron/Bare Steel Replacement Rider docket. It is further

ORDER NO. PSC-2024-0170-TRF-GU
DOCKET NO. 20240028-GU
PAGE 5
ORDERED that if a protest is filed within 21 days of issuance of this order, the tariff
shall remain in effect with any charges held subject to rerund pending resolution of the protest.
It is further
ORDERED that if no timely protest is filed. this docket shall be closed upon the issuance
of a Consummating Order.
MRT
By ORDER of the Florida Public Service Commission this 23rd day or Mav. 202--L
ADAMJ
Florida Public Service Commission
2540 Shumard Oak Boulevard
Tallahassee. Florida 32399
(850) 413-6770
www.noridapsc.com
Copies furnished: 	A copy of this document is
provided to the parties of record at the time of
issuance and. if applicable, interested persons.

ORDER NO. PSC-2024-0170-TRF-GU
DOCKET NO. 20240028-GU
PAGE 6
NOTICE OF FURTHER PROCEEDINGS
The Florida Public Service Commission is required by Section 120.569(1), Florida
Statutes, to notify parties of any administrative hearing or judicial review of Commission orders
that is available under Sections 120.57 or 120.68, Florida Statutes, as well as the procedures and
time limits that apply. 	This notice should not be construed to mean all requests for an
administrative hearing or judicial review will be granted or result in the relief sought.
Mediation may be available on a case-by-case basis. 	If mediation is conducted, it does
not affect a substantially interested person's right to a hearing.
The Commission's decision on this tariff is interim in nature and will become final, unless
a person whose substantial interests are affected by the proposed action files a petition for a
formal proceeding, in the form provided by Rule 28-106.201, Florida Administrative Code. This
petition must be received by the Office of Commission Clerk, 2540 Shumard Oak Boulevard,
Tallahassee, Florida 32399-0850, by the close of business on June 13, 2024.
In the absence of such a petition, this Order shall become final and effective upon the
issuance of a Consummating Order.
Any objection or protest filed in this docket before the issuance date of this order is
considered abandoned unless it satisfies the foregoing conditions and is renewed within the
specified protest period.

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 1 of 15
PAGE 7
Peoples Gas System, Inc. Thirteenth Fwelth Revised Sheet No. 7.201
Original Volume No. 3 Cancels Twelfth Gleventh Revised Sheet No. 7.201
RESIDENTIAL SERVICE

Availability:
Throug

Applicability:

Rate Schedule RS

hout the service areas of the Company.

Gas Service for residential purposes in individually metered residences and separately metered
apartments. Also, for Gas used in commonly owned facilities of condominium associations,
cooperative apartments, and homeowners associations, (excluding any premise at which the only

Gas-co
criteria:

1.

2.

nsuming appliance or equipment is a standby electric generator), subject to the following

100% of the Gas is used exclusively for the co-owner’s benefit.

None of the Gas is used in any endeavor which sells or rents a commodity or provides service
for a fee.

Each Point of Delivery will be separately metered and billed.

A responsible legal entity is established as the Customer to whom the Company can render
its bills for said services.

RS-GHP refers to any Residential Customer utilizing a gas heat pump (“GHP”) for heating
and cooling.

Customers receiving service under this schedule will be classified for billing purposes according to

annual usage as follows:
Billing Class Annual Consumption
RS-1 0-99 Therms
RS-2 100 — 249 Therms
RS-3 250 — 1,999 Therms
RS-GHP All Therms

Monthly Rate:
Billing Class Customer Charge
RS-1 $19.1019-06 per month
RS-2 $24.4124-36 per month
RS-3 $31.5434+48 per month
RS-GHP $31.5434+-4 per month

Distribution Charge: $0.3516535096 per Therm for RS-1, RS-2, and RS-3

Minimu

$0.1239512374 per Therm for RS-GHP

m Bill: The Customer charge.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 2 of 15
PAGE 8
Peoples Gas System, Inc. Eleventh Fenth Revised Sheet No. 7.301
Original Volume No. 3 Cancels Tenth Ninth Revised Sheet No. 7.301
SMALL GENERAL SERVICE
Rate Schedule SGS
Availability:

Throughout the service areas of the Company.
Applicability:

Gas delivered to any non-residential Customer (except a Customer whose only Gas-consuming
appliance or equipment is a standby electric generator) using 0 through 1,999 Therms per year or
less. A Customer eligible for service pursuant to this rate schedule is eligible for transportation
service under Rider NCTS.

Monthly Rate:
| Customer Charge: $43.0742.98 per month
| Distribution Charge: $0.4928649196 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under the Company’s Rider NCTS.

Minimum Bill: The Customer charge.

Special Conditions:

1. When the Customer receives transportation service under the Company’s Natural Choice
Transportation Service Rider (Rider NCTS), the rates set forth above shall be subject to the
operation of the Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

2. The rates set forth above shall be subject to the operation of the Energy Conservation Cost
Recovery Adjustment Clause set forth on Sheet No. 7.101-2.

3. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of the
contract shall be the term required under the agreement for the facilities extension.

4. The rates set forth in this schedule shall be subject to the operation of the Company's
Competitive Rate Adjustment Clause set forth of Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
S02 denen eis

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 3 of 15
PAGE 9
Peoples Gas System, Inc. Eleventh Fenth Revised Sheet No. 7.302
Original Volume No. 3 Cancels Tenth Ninth Revised Sheet No. 7.302

GENERAL SERVICE - 1
Rate Schedule GS-1

Availability:
Throughout the service areas of the Company.
Applicability:
Gas delivered to any Customer (except a Customer whose only Gas-consuming appliance or

equipment is a standby electric generator) using 2,000 through 9,999 Therms per year. A Customer
eligible for service pursuant to this rate schedule is eligible for transportation service under Rider

NCTS.
Monthly Rate:
| Customer Charge: $66.0565-94 per month
| Distribution Charge: $0.4642346334 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under the Company's Rider NCTS.

Minimum Bill: The Customer charge.

Special Conditions:

1. When the Customer receives service under the Company’s Natural Choice Transportation
Service Rider (Rider NCTS), the rates set forth above shall be subject to the operation of the
Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

2. The rates set forth above shall be subject to the operation of the Energy Conservation Cost
Recovery Adjustment Clause set forth on Sheet No. 7.101-2.

3. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of the
contract shall be the term required under the agreement for the facilities extension.

4. The rates set forth in this schedule shall be subject to the operation of the Company’s
Competitive Rate Adjustment Clause set forth on Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 4 of 15
PAGE 10
Peoples Gas System, Inc. Eleventh Fenth Revised Sheet No. 7.303
Original Volume No. 3 Cancels Tenth Ninth Revised Sheet No. 7.303

GENERAL SERVICE - 2
Rate Schedule GS-2

Availability:
Throughout the service areas of the Company.
Applicability:
Gas delivered to any Customer (except a Customer whose only Gas-consuming appliance or

equipment is a standby electric generator) using 10,000 through 49,999 Therms per year. A
Customer eligible for service pursuant to this rate schedule is eligible for transportation service under

Rider NCTS.
Monthly Rate:
| Customer Charge: $123.47423.22 per month
| Distribution Charge: $0.3972339646 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under the Company’s Rider NCTS.

Minimum Bill: The Customer charge.

Special Conditions:

1. When the Customer receives service under the Company’s Natural Choice Transportation
Service Rider (Rider NCTS), the rates set forth above shall be subject to the operation of the
Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

2. The rates set forth above shall be subject to the operation of the Energy Conservation Cost
Recovery Adjustment Clause set forth on Sheet No. 7.101-2.

3. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of the
contract shall be the term required under the agreement for the facilities extension.

4. The rates set forth in this schedule shall be subject to the operation of the Company’s
Competitive Rate Adjustment Clause set forth on Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 5 of 15
PAGE 11
Peoples Gas System, Inc. Ninth Bighth Revised Sheet No. 7.303-2
Original Volume No. 3 Cancels Eighth Seventh Revised Sheet No. 7.303-2

GENERAL SERVICE - 3
Rate Schedule GS-3

Availability:
Throughout the service areas of the Company.

Applicability:
Gas delivered to any Customer (except a Customer whose only Gas-consuming appliance or
equipment is a standby electric generator) using 50,000 through 249,000 Therms per year or RNG
delivered into Company's system by any Customer delivering 50,000 through 249,999 Therms per

year. A Customer eligible for service pursuant to this rate schedule is eligible for transportation
service under Rider NCTS and may be eligible for transportation service under Rider ITS.

Monthly Rate:
| Customer Charge: $502.52 504.48 per month
| Distribution Charge: $0.33980339+4 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under the Company's Rider NCTS or Rider ITS.
Company's Purchased Gas Adjustment Clause shall not apply to bills for Therms of RNG delivered
into Company’s system.

Minimum Bill: The Customer charge.

Special Conditions:

1. When the Customer receives service under the Company’s Natural Choice Transportation
Service Rider (Rider NCTS), the rates set forth above shall be subject to the operation of the
Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

2. Except in the case of Therms of RNG delivered into the Company’s system, the rates set forth
above shall be subject to the operation of the Energy Conservation Cost Recovery
Adjustment Clause set forth on Sheet No. 7.101-2.

3. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of the
contract shall be the term required under the agreement for the facilities extension.

4, The rates set forth in this schedule shall be subject to the operation of the Company's
Competitive Rate Adjustment Clause set forth on Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
S02 denen eis

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 6 of 15
PAGE 12
Peoples Gas System, Inc. Ninth Bighth Revised Sheet No. 7.303-4
Original Volume No. 3 Cancels Eighth Seventh Revised Sheet No. 7.303-4

GENERAL SERVICE - 4
Rate Schedule GS-4

Availability:
Throughout the service areas of the Company.

Applicability:
Gas delivered to any Customer (except a Customer whose only Gas-consuming appliance or
equipment is a standby electric generator) using 250,000 through 499,999 Therms per year or RNG
delivered into Company’s system by any Customer delivering 250,000 through 499,999 Therms per

year. A Customer eligible for service pursuant to this rate schedule is eligible for transportation
service under Rider NCTS or Rider ITS.

Monthly Rate:
| Customer Charge: $952.39950.43 per month
| Distribution Charge: $0.2632326274 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions of the
Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless Customer receives
transportation service under the Company's Rider NCTS or Rider ITS. Company's Purchased Gas
Adjustment Clause shall not apply to bills for Therms of RNG delivered into Company's system.

Minimum Bill: The Customer charge.

Special Conditions:

1. When the Customer receives service under the Company’s Natural Choice Transportation
Service Rider (Rider NCTS), the rates set forth above shall be subject to the operation of the
Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

2. Except in the case of Therms of RNG delivered into the Company’s system, the rates set forth
above shall be subject to the operation of the Energy Conservation Cost Recovery
Adjustment Clause set forth on Sheet No. 7.101-2.

3. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of the
contract shall be the term required under the agreement for the facilities extension.

4. The rates set forth in this schedule shall be subject to the operation of the Company's
Competitive Rate Adjustment Clause set forth on Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 7 of 15
PAGE 13
Peoples Gas System, Inc. Thirteenth Fwetfth Revised Sheet No. 7.304
Original Volume No. 3 Cancels Twelfth Eleventh Revised Sheet No. 7.304

GENERAL SERVICE - 5
Rate Schedule GS-5

Availability:
Throughout the service areas of the Company.

Applicability:
Gas delivered to any Customer (except a Customer whose only Gas-consuming appliance or
equipment is a standby electric generator) using a minimum of 500,000 Therms per year or more at
one billing location or RNG delivered into Company's system by any Customer delivering a minimum

of 500,000 Therms per year or more at one billing location.

A Customer eligible for service under this rate schedule is eligible for transportation service under
either Rider NCTS or Rider ITS.

Monthly Rate:

| Customer Charge: $2,101.00 2,096.67 per month
| Distribution Charge: $0.1789847862 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under either the Company’s Rider NCTS or Rider ITS.
Company’s Purchased Gas Adjustment Clause shall not apply to bills for Therms of RNG delivered
into Company’s system.

Minimum Bill: The Customer charge.

Special Conditions:

1. When the Customer receives service under the Company’s Natural Choice Transportation
Service Rider (Rider NCTS), the rates set forth above shall be subject to the operation of the
Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

2: Except in the case of Therms of RNG delivered into the Company’s system, the rates set forth
above shall be subject to the operation of the Energy Conservation Cost Recovery
Adjustment Clause set forth on Sheet No. 7.101-2.

3. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of the
contract shall be the term required under the agreement for the facilities extension.

4, The rates set forth in this schedule shall be subject to the operation of the Company's
Competitive Rate Adjustment Clause set forth on Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 8 of 15
PAGE 14
Peoples Gas System, Inc. Tenth Ninth Revised Sheet No. 7.306
Original Volume No. 3 Cancels Ninth Eighth Revised Sheet No. 7.306

Availability:

COMMERCIAL STREET LIGHTING SERVICE
Rate Schedule CSLS

Throughout the service areas of the Company.

Applicability:

Gas delivered for use in commercial street lighting devices for public or private use in common areas
around subdivisions, complexes, streets, highways or roadway lighting. To qualify for this rate,
Customer must have at least ten (10) Gas street lights or a total of forty (40) individual mantles
installed and separately metered from other gas-using equipment. A Customer eligible for service
under this rate schedule is eligible for transportation service under the Company’s Rider NCTS.

Monthly Rate:

| Distribution Charge: $0.4068049600 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions

of the

Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless

Customer receives transportation service under Rider NCTS.

Special Conditions:

1.

When the Customer receives service under the Company's Natural Choice Transportation
Rider (Rider NCTS), the rates set forth above shall be subject to the operation of the
Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

2. The rates set forth above shall be subject to the operation of the Energy Conservation Cost
Recovery Adjustment Clause set forth on Sheet No. 7.101-2.

3. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of the
contract shall be the term required under the agreement for the facilities extension.

4. The rates set forth above shall be subject to the operation of the Company's Competitive Rate
Adjustment Clause set forth on Sheet No. 7.101-5.

5. Service under this schedule shall be subject to the Rules and Regulations set forth in this
Tariff.

6. Service under this schedule will require one street light to be metered per account. The
metered volume multiplied by the number of lights will equal total Therm usage per month.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1

B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 9 of 15
PAGE 15
Peoples Gas System, Inc. Sixth Fifth Revised Sheet No. 7.402-1
Original Volume No. 3 Cancels Fifth Fourth Revised Sheet No. 7.402-1

Availability:

RESIDENTIAL STANDBY GENERATOR SERVICE
Rate Schedule RS-SG

Throughout the service areas of the Company.

Applicability:

Gas delivered to any Customer otherwise eligible to receive Gas Service under Rate Schedule RS
whose only Gas-consuming appliance or equipment is a standby electric generator.

Monthly Rate:
| Customer Charge: $31.5434+-44
| Distribution Charge: $0.2823728484 per Therm
Minimum Monthly Bill: The Customer charge

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company’s Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1.

Special Conditions:

1.

The rates set forth above shall be subject to the operation of the Energy Conservation Cost
Recovery Adjustment Clause set forth on Sheet No. 7.101-2 and will apply to each Therm
delivered to Customer during a Billing Period.

The rates set forth in this schedule shall be subject to the operation of the Company's
Competitive Rate Adjustment Clause set forth on Sheet No. 7.101-5 and will apply to each
Therm delivered to Customer during a Billing Period.

The rates set forth in this Tariff shall be subject to the operation of the Company’s Tax and
Fee Adjustment Clause set forth on Sheet No. 7.101-5 and will apply to each Therm delivered
to Customer during a Billing Period.

Subject to Special Condition 5 below, a Customer receiving Gas Service under this schedule
shall remain obligated to remain on this schedule for 12 months. This 12-month requirement
shall be renewed at the end of each 12-month period unless customer terminates Gas
Service at the end of any 12-month period.

If Customer installs an additional Gas appliance at the premise at which service Is provided
hereunder, then Customer will be transferred to the otherwise applicable rate schedule.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
S02 denen eis

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 10 of 15
PAGE 16
Peoples Gas System, Inc. Seventh Sheth Revised Sheet No. 7.403
Original Volume No. 3 Cancels Sixth FHth Revised Sheet No. 7.403

COMMERCIAL STANDBY GENERATOR SERVICE
Rate Schedule CS-SG

Availability:
Throughout the service areas of the Company.
Applicability:
Gas delivered to any Customer eligible to receive Gas Service under Rate Schedule SGS, GS-1, GS-

2, GS-3, GS-4 or GS-5 whose only Gas-consuming appliance or equipment is a standby electric
generator.

Monthly Rate:

| Customer Charge: $52.6452.54
| Distribution Charge: $0.282372848+ per Therm
Minimum Monthly Bill: The Customer charge
1. The bill for the Therms billed at the above rates shall be increased in accordance with the

provisions of the Company's Purchased Gas Adjustment Clause set for the on Sheet No.
7.101-1, unless Customer receives transportation service under the Company's Rider NCTS.

4. The rates set forth in this Tariff shall be subject to the operation of the Company’s Tax and Fee
Adjustment Clause set forth on Sheet No. 7.101-5 and will apply to each Therm delivered to
Customer during a Billing Period.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 11 of 15
PAGE 17
Peoples Gas System, Inc. Fifth Fourth Revised Sheet No. 7.405
Original Volume No. 3 Cancels Fourth Fhird Revised Sheet No. 7.405

COMMERCIAL GAS HEAT PUMP SERVICE
RATE SCHEDULE CS-GHP

Availability:
Throughout the service areas of the Company.

Applicability:
Gas delivered to any Commercial Customer utilizing a Gas Heat Pump for heating and cooling.

Monthly Rate:

Customer Charge: $52.64 52.54 ner month
Distribution Charge: $0.2632326244 per Therm
Minimum Bill: The Customer charge

Special Conditions:
1. The gas provided for GHP would be separately metered and would appear separately on
Customer bills.

2. The bill for the Therms billed at the above rates shall be increased in accordance with the
provisions of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-
1, unless the customer receives transportation service under the Company's Rider NCTS.

3. The rates set forth above shall be subject to the operation of the Energy Conservation Cost
Recovery Adjustment Clause set forth in Sheet No. 7.101-2.

4. When the Customer receives service under the Company’s’ Natural Choice
Transportation Service Rider (Rider NCTS), the rates set forth above shall be subject to
the operation of the Company’s Swing Service Charge set forth on Sheet No. 7.101-3.

5. The rates set forth under this schedule shall be subject to the operation of the Company’s
Tax and Fee Adjustment Clause set forth on Sheet No. 7.101-5.

6. A contract for an initial term of one year may be required as a condition precedent to service
under this schedule, unless an extension of facilities is involved, in which case the term of
the contract shall be the term required under the agreement for the facilities extension.

7. The rates set forth in this schedule shall be subject to the operation of the Company’s
Competitive Rate Adjustment Clause set forth on Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
S02 denen eis

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 12 of 15
PAGE 18
Peoples Gas System, Inc. Twelfth Bleverth Revised Sheet No. 7.501
Original Volume No. 3 Cancels Eleventh Fenth Revised Sheet No. 7.501

WHOLESALE SERVICE - FIRM
Rate Schedule WHS

Availability:
For other Gas distribution or electric utility companies throughout service areas of the Company.
Applicability:

Service under this schedule will only be rendered when the Company has sufficient Gas and
interstate pipeline capacity to meet all its other needs during the term of the sale under this schedule.
Firm Gas Service for other Gas utility's residential or commercial resale or for use by an electric utility
for its own consumption. A Customer eligible for service pursuant to this rate schedule is eligible for
transportation service under Rider ITS.

Monthly Rate:
| Customer Charge: $665.24 663.86 per month
| Distribution Charge: $0.2197824935 per Therm
Minimum Bill: The Customer charge

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions of the
Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless Customer receives
transportation service under the Company’s Rider ITS.

Special Conditions:

1. An executed contract for a period of at least one year is required as a condition precedent to
service hereunder.

2. The rates set forth above shall be subject to the operation of the Company's Competitive Rate
Adjustment Clause set forth on Sheet No. 7.101-5.

3. If any facilities other than metering and regulating equipment are required to render service
under this schedule, the Customer shall pay for these facilities prior to the commencement of
service.

4. Service under this schedule shall be subject to the Rules and Regulations set forth in this
Tariff.

5. The rates set forth above shall be subject to the operation of the Company's Tax and Fee

Adjustment Clause set forth on Sheet No. 7.101-5.

6. The rates set forth under this schedule shall be subject to the operation of the Cast Iron Bare
Steel Replacement Rider Surcharge set forth on Sheet Nos. 7.806 through 7.806-3.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 13 of 15
PAGE 19
Peoples Gas System, Inc. Twelfth Bleverth Revised Sheet No. 7.601
Original Volume No. 3 Cancels Eleventh Fenth Revised Sheet No. 7.601

SMALL INTERRUPTIBLE SERVICE
Rate Schedule SIS

Availability:
Throughout the service areas of the Company.

Applicability:
Interruptible Service for non-residential commercial or industrial service under this schedule is
subject to interruption or curtailment at the sole discretion of the Company at any time and is
available to Customers using 1,000,000 through 3,999,999 Therms per year. A Customer eligible for

service pursuant to this rate schedule is eligible for transportation service under Rider ITS.

Service will be provided by the Company based on available pipeline capacity and the Customer
delivering suitable Gas into the Company's distribution system.

Monthly Rate:

| Customer Charge: $2,440.80 2,435.76 per month

| Distribution Charge: $0.1007440054 per Therm
The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under the Company's Rider ITS.

Minimum Bill: The Customer charge.

Special Conditions:

1. A service agreement accepted by the Company is a condition precedent for service under this
schedule. The term of the agreement shall be set forth therein but shall not be less than one
year.

2. If the Customer's requirements for Gas change, the Customer shall notify the Company so

that the daily and annual quantities in the service agreement may be changed. If the
Customer's usage indicates that the amounts set forth in the then existing agreement are not
applicable, the Company may require that the daily and annual estimates be changed to
reflect the existing conditions.

3. The rates set forth above shall be subject to the operation of the Company's Competitive Rate
Adjustment Clause set forth on Sheet No. 7.101-5.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
S02 denen eis

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 14 of 15
PAGE 20
Peoples Gas System, Inc. Eleventh Tenth Revised Sheet No. 7.603
Original Volume No. 3 Cancels Tenth Ninth Revised Sheet No. 7.603

INTERRUPTIBLE SERVICE
Rate Schedule IS

Availability:
Throughout the service areas of the Company.

Applicability:
Interruptible Gas for non-residential commercial or industrial use. Service under this schedule is
subject to interruption or curtailment at the sole discretion of the Company at any time and is
available to Customers using 4,000,000 through 49,999,999 Therms per year (see Special Condition
7). A Customer eligible for service pursuant to this rate schedule is also eligible for transportation

service under Rider ITS.

Service will be provided by the Company based on available pipeline capacity and the Customer
delivering suitable Gas into the Company's distribution system.

Monthly Rate:

| Customer Charge: $2,823.66 2,814.84 per month
| Distribution Charge: $0.0521995209 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under the Company’s Rider ITS.

Minimum Bill: The Customer charge.

Special Conditions:

1. A service agreement accepted by the Company is a condition precedent for service under this
schedule. The term of the agreement shall be set forth therein but shall not be less than one
year.

2. If the Customer's requirements for Gas change, the Customer shall notify the Company so

that the daily and annual quantities in the service agreement may be changed. If the
Customer's usage indicates that the amounts set forth in the then existing agreement are not
applicable, the Company may require that the daily and annual estimates be changed to
reflect the existing conditions.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
B02" dente}

ORDER NO. PSC-2024-0170-TRF-GU Attachment A

DOCKET NO. 20240028-GU Page 15 of 15
PAGE 21
Peoples Gas System, Inc. Tenth Ninth Revised Sheet No. 7.605
Original Volume No. 3 Cancels Ninth Eighth Revised Sheet No. 7.605

INTERRUPTIBLE SERVICE - LARGE VOLUME
Rate Schedule ISLV

Availability:
Throughout the service areas of the Company.

Applicability:
Interruptible Gas for non-residential commercial or industrial use. Service under this schedule is
subject to interruption or curtailment at the sole discretion of the Company at any time and is
available to Customers using 50,000,000 Therms per year or more. A Customer eligible for service

pursuant to this rate schedule is eligible for transportation service under Rider ITS.

Service will be provided by the Company based on available pipeline capacity and the Customer
delivering suitable Gas into the Company's distribution system.

Monthly Rate:

Customer Charge: $3,110.82 3404-40 per month
| Distribution Charge: $0.0135404354 per Therm

The bill for the Therms billed at the above rates shall be increased in accordance with the provisions
of the Company's Purchased Gas Adjustment Clause set forth on Sheet No. 7.101-1, unless
Customer receives transportation service under Company's Rider ITS.

Minimum Bill: The Customer charge.

Special Conditions:

1. A service agreement accepted by the Company is a condition precedent for service under this
schedule. The term of the agreement shall be set forth therein but not less than one year.

2. If the Customer's requirement for Gas change, the Customer shall notify the Company so that
the daily and annual quantities in the service agreement may be changed. If the Customer's
usage indicates that the amounts set forth in the then existing agreement are not applicable,
the Company may require that the daily and annual estimates be changed to reflect the
existing conditions.

Issued By: Helen J. Wesley, President & CEO Effective Date: July 1
S02 denen eis