Southwest Gas Announces Bill Reductions for Nevada Customers

Southwest Gas Announces Reduced Bills for Customers

Customers of Southwest Gas Corporation can look forward to a decrease in their gas bills starting on July 1. This decision comes after the Company's filing was approved by the Public Utilities Commission of Nevada (PUCN). The main reason for this positive change is the reduction in the Deferred Energy Account Adjustment (DEAA), which is a critical component of the gas cost rates.

Understanding the DEAA Mechanism

The DEAA serves as a regulatory framework that balances the expenses incurred by Southwest Gas in procuring natural gas and what it recovers from customers through the gas rates charged. The adjustment ensures that customers are charged fairly based on actual market conditions.

Collaboration for Customer Savings

To facilitate this adjustment, Southwest Gas worked closely with the Regulatory Operations Staff and the Bureau of Consumer Protection. The Commission’s approval allows the Company to implement a more substantial DEAA credit rate. This credit is designed to help offset the effects of the Annual Rate Adjustment (ARA) and the Base Tariff Energy Rate (BTER), which will also be adjusted on July 1.

Amy Timperley, the Senior Vice President and Chief Regulatory Officer at Southwest Gas, expressed satisfaction with this outcome, stating that recent shifts in the natural gas market have led to lower prices. She emphasized that the goal is to share these savings with customers sooner rather than later, allowing Nevada residents to benefit from reduced utility costs promptly.

Bill Adjustments for Northern and Southern Nevada

Effective July 1, customers in Southern Nevada will receive a DEAA credit of $0.20 per therm, while those in Northern Nevada will see a slightly higher credit of $0.25 per therm. This change will result in significant monthly savings. For example:

Monthly Savings Overview

• Southern Nevada: about $10.56 per month
• Northern Nevada: around $18.39 per month

These adjustments are part of Southwest Gas's commitment to ensuring that customers are not paying more than necessary for their natural gas. The Company purchases natural gas on behalf of its customers, passing costs directly without any markup. Regulatory mechanisms like the DEAA, monitored by the PUCN, keep customer bills aligned with real market conditions.

Informing Customers About Their Bills

For customers who wish to gain a deeper understanding of their bills—especially regarding how factors like gas usage, weather, and market prices influence monthly charges—resources are available. Southwest Gas encourages its customers to explore the details related to their billing calculations via their official site, where helpful information is provided.

About Southwest Gas Corporation

Dedicated to serving over two million customers across Arizona, California, and Nevada, Southwest Gas Corporation is committed to delivering safe, reliable energy while pioneering sustainable solutions. The Company focuses on exceeding customer expectations, innovating to support community growth. For further insights into how Southwest Gas is contributing to a sustainable energy future, customers can find more information on the Company’s official website.

Frequently Asked Questions

What is the DEAA and why is it important?

The DEAA tracks the costs of natural gas procurement versus what is charged to customers, ensuring fair pricing that reflects market conditions.

How much will my bill decrease starting July 1?

Customers in Southern Nevada will save approximately $10.56, and those in Northern Nevada will save about $18.39 per month.

Does Southwest Gas profit from gas costs?

No, Southwest Gas purchases natural gas for its customers at cost and does not add any markup.

How can I learn more about my bill?

Customers can visit Southwest Gas's website for resources that explain how their bills are calculated and what factors impact them.

What areas does Southwest Gas serve?

Southwest Gas serves regions across Arizona, California, and Nevada, focusing on delivering safe and reliable service.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.