Updated: Columbia Gas Of Ohio Default Service Retail Adder To Decrease 15%

Update, 2/1:

PUCO accepted results of the Columbia Gas auction as described below. The SCO retail price adjustment will be $0.123 per hundred cubic feet (ccf) for the term April 1, 2018 through March 31, 2019

Earlier (1/31):

An auction to determine the Retail Price Adjustment (RPA) for the Standard Choice Offer at Columbia Gas of Ohio resulted in an RPA of $1.23 per Mcf, for the period April 1, 2018 to March 31, 2019.

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

The current RPA at Columbia is $1.45 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 2018-19 auction produced 8 winning bidders from 9 bidders who submitted a bid. Three suppliers won 4 tranches each; one supplier won 2 tranches, and four suppliers won 1 tranche each.

In last year's auction, there were also 8 winning bidders, but there were 10 suppliers which submitted a bid.

The identities of the winning bidders will remain confidential for 15 days.