PURA does set our allowed ROE at 9.2% and includes payment for the costs of certain investments we have made. However, an ROE of this level represents the bottom of the barrel nationally, and PURA’s approval of investments remains insufficient.

PURA makes so many errors and cuts to our allowed revenue that we will not have any chance of covering our costs, or even showing our lenders and investors that there is enough money to run the business – never mind to pay them back. Under the proposed rates, CNG cannot earn more than about 4% and SCG cannot earn more than around 2.5% – less than most banks’ high-yield savings accounts.cient.

PURA erroneously includes a combined $8 million for a tax break for investments that they cut, meaning they are requiring us to provide customers the benefits of a fictitious tax credit for projects they do not approve. In the real world, that’s called a hoax.

PURA ignores CNG and SCG’s cost of debt increases, even as their own regulatory approach has driven these costs up.

PURA also makes numerous math errors, totaling approximately $15 million, including double-counting several deductions – all of which eat into the company’s financial health.

CNG and SCG’s have no ability to account for inflation. Since 2020, equipment costs have gone up 50%, but PURA forces CNG and SCG to pretend inflation does not exist.

CNG and SCG’s funding for key infrastructure programs is wiped out. CNG and SCG’s funding for cybersecurity has been eliminated, prohibiting us from improving our systems to best protect customer data and our physical infrastructure, which is vulnerable to attack. PURA also eliminates funding for a mobile command center to help CNG and SCG respond to gas emergencies quickly and safely.