Columbia Gas Default Service Retail Adder to Decrease

Update, 1/18: PUCO has approved the results of the auction and $1.29/Mcf RPA

An auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas in Ohio resulted in an RPA of $1.29 per Mcf, for the period April 1, 2015 to March 31, 2016.

PUCO is to address the auction results at today's meeting.

The current RPA at Columbia is $1.40 per Mcf

The Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate.

The SCO auction is a retail auction which assigns specific customers to winning suppliers (plus a portion of the load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.

The auction produced five winning bidders among 7 participants. Three suppliers won four tranches each; one supplier won three tranches, and one supplier won two tranches.

There were also five winning bidders in the year-ago auction.

Winning bidders will remain confidential for 15 days.

The SCO auction was conducted by World Energy Solutions, Inc.