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Yankee Gas tells PURA $171M in cost‑of‑removal charges; $11M not linked to completed retirements
Summary
Company witnesses told the Public Utilities Regulatory Authority the utility carries about $171 million in FERC account 108.030 (cost of removal) for mains retirements; roughly $11 million of that amount does not yet have an associated retirement date or completed asset retirement entry in the books.
Yankee Gas told the Public Utilities Regulatory Authority on June 24 that it has about $171 million recorded in FERC Account 108.030 for cost‑of‑removal work related to retiring aged mains and services. Garrett Murray, manager of revenue requirements for Eversource Energy Service Company, said about $11 million of that balance did not have an associated completed retirement date as of March 31, 2025.
Why it matters: Cost‑of‑removal charges are the accounting entries for work to dismantle, remove or otherwise make an old gas facility unusable. Under the FERC Uniform System of Accounts, those removal costs are tracked separately and are recovered over time through depreciation. The accounting classification affects how costs appear in rate cases and whether they are presenting as accrued work versus…
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