Washington Gas has announced that the Virginia State Corporate Commission has approved most of the company’s Conservation and Ratemaking Efficiency (CARE) Plan. Virginia State Corporate Commission has approved a decoupling rate mechanism and six residential energy efficiency programs. The decoupling rate mechanism will be performed in conjunction with an existing mechanism for a weather normalization adjustment for the encouragement of consumer conservation without penalizing Washington Gas’ recovery of fixed costs. The final step of the process will require that Washington Gas file tariff documents to define the program. The program is anticipated to be placed before mid-summer of 2010.
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Headquartered in Washington, D.C., Washington Gas is a wholly-owned subsidiary of WGL Holdings, Inc. (NYSE: WGL). The parent company holds a group of energy-related retail businesses that focus primarily on retail energy-marketing and commercial heating, ventilating and air conditioning services
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