Current Report Filing (8-k)
October 03 2019 - 4:44PM
Edgar (US Regulatory)
false0001004155
0001004155
2019-10-02
2019-10-02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported)
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October 2, 2019
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Commission
File Number
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Registrant,
State of Incorporation,
Address and Telephone Number
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I.R.S. Employer
Identification No.
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1-14174
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Southern Company Gas
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58-2210952
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(A Georgia Corporation)
Ten Peachtree Place, N.E.
Atlanta, Georgia 30309
(404) 584-4000
The name and address of the registrant have not changed since the last report.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On October 2, 2019, the Illinois Commerce Commission (the “Illinois Commission”) voted on the general base rate case proceeding (the “Proceeding”) filed by Northern Illinois Gas Company (“Nicor Gas”) in November 2018. The Illinois Commission approved a $168 million annual base rate increase, including $65 million related to the recovery of investments under the Investing in Illinois program, a return on equity of 9.73% and an increase in the equity ratio to 54.2% for Nicor Gas, effective October 8, 2019. Additionally, the Illinois Commission approved a volume balancing adjustment, a revenue decoupling mechanism for residential customers that provides a monthly benchmark level of revenue per rate class for recovery. The Illinois Commission’s order is subject to any rehearing request filed by any party to the Proceeding within 30 days of service of the order on such party.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: October 3, 2019
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SOUTHERN COMPANY GAS
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By:
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/s/Melissa K. Caen
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Melissa K. Caen
Assistant Secretary
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