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Sandpiper Energy Agrees to a Multi-Year Rate Reduction for Customers, New Service Offerings
"Sandpiper Energy began conversions to natural gas for the majority of its customers in mid-2013. Since that time we have converted more than 3,700 customers, bringing safe, clean and affordable natural gas to many families and businesses in
The settlement that was just approved includes acceptance of:
- a Natural Gas Compression Service, under which Sandpiper may construct, own and maintain compression facilities for commercial customers who require enhanced pressure for their operations;
- a Multi-Family Housing Program, which will provide a contribution to builders and developers that select natural gas or propane as a fuel source for multi-family housing; and
- an extension of the due date for bill payments from 10 days to 20 days from the bill date.
In addition, the approved settlement maintains Sandpiper Energy's use of a system improvement rate ("SIR"), which is adjusted annually to recover the cost of bare steel replacement and the cost of converting customers to natural gas service.
Sandpiper Energy encourages customers to go to www.sandpiper-energy.com for information on saving energy and money in their home or business. The Company offers a budget payment plan to its customers that will spread out payments on winter heating bills. In addition, customers with financial needs can learn how to receive assistance with their winter heating costs from Sandpiper's Sharing program or from other
Sandpiper Energy
Sandpiper Energy, Inc., a wholly-owned subsidiary of
Please note that
Cautionary Note Regarding Forward-Looking Statements: Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "likely," "outlook," "forecast," "would," "could," "should," "can," "will," "project," "intend," "plan," "goal," "target," "continue," "sustain," "believe," "seek," "estimate," "anticipate," "may," "possible," "assume," variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to vary materially from those indicated, including the factors described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K
and Quarterly Report on Form 10-Q, each of which is incorporated herein by reference, and in other documents that we file or furnish with the
For more information, contact:
Vice President,
302.734.6797 ext. 7650
jmoore@chpk.com
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