WICHITA, Kan. (KWCH) – Beginning in December, Kansas Gas Service customers’ billing statements will include a distinct line item titled “Winter Event Securitized Cost.” The “extraordinary costs” incurred to provide natural gas service to homes and businesses during Winter Storm Uri in February 2021, according to KGS, are what led to the construction of the new line.
When there was a significant increase in natural gas market prices due to high demand during the winter storm, Kansas Gas Service “experienced unusually high natural gas costs,” according to KGS. “The Company put safety first by acquiring natural gas to keep Kansas homes and businesses warm throughout the storm.” Customers pay the price Kansas Gas Service pays for its gas supply directly, with no markup. ”.
The monthly securitization charge for residential customers is $5. 64 and is estimated to decrease to $5. 11 at the first adjustment occurring mid-year in 2023. Over a 10-year period, the monthly securitization charge will be updated twice a year, either upwards or downwards depending on collections.
“We worked to find a solution to minimize the monthly impact to customers,” said Jeff Husen, Vice President of Rates and Regulatory for ONE Gas, parent company of Kansas Gas Service. “We knew the high cost of gas would have made our customers’ bills significantly more than usual.” Spreading the costs over a longer period of time keeps customers’ monthly bills lower and easier to manage than recovery through conventional methods of rate setting ”.
A settlement agreement and financing order allowing Kansas Gas Service to issue securitized bonds in order to recoup the extraordinary costs associated with the storm were approved by the Kansas Corporation Commission in August.
Kansas Gas Service has created a website at KansasGasService to answer frequently asked questions. com/securitization.
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How do I contact Kansas Gas Service?
We provide a number of ways for you to contact us. Our normal business hours are: Monday – Friday. 7:00 AM – 7:00 PM CST. Our current wait time on the phone is 4 minutes. Our customer service number is 800-794-4780. Our customer service number is 800-794-4780.
What does Kansas Gas Service do?
More than 640,000 customers in 360 communities are served by Kansas Gas Service, the state’s largest natural gas distribution company. Kansas Gas Service was formed in 1997 when ONEOK, Inc. purchased natural gas assets from Western Resources.
How do I start a gas service in Kansas?
Please call our Customer Contact Center at 800-794-4780 (between 7:00 a.m. and midnight) to request a service line. m. and 7:00 p. m. CT) and we’ll be happy to help you. Once the following conditions are satisfied, we can turn on your natural gas meter: Natural gas main and service lines are set up and accessible at the property.
Does Kansas Gas Service require a deposit?
Rates vary based on the applicant’s personal credit history and the utility company’s requirements for a Kansas (KS) Utility Deposit Bond – Kansas Gas Service Utility Deposit Bond. The annual payment for qualifying accounts can range from 2% to 5% of the bond’s value.