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Humboldt Natural Gas Board raises profit margin by $0.15 to $0.60
Summary
At its Aug. 19 meeting the Humboldt Natural Gas Board voted unanimously to increase its profit margin by $0.15, bringing the margin to $0.60; the change followed a review of the past two years' rates and the current rate.
The Humboldt Natural Gas Board voted on Aug. 19, 2024, to increase its profit margin by $0.15, bringing the margin to $0.60. President Sam Eastlick moved the change and Kristi Gambs seconded; the motion passed on a unanimous voice vote recorded as "all ayes." The decision followed a review of rates over the past two years and the current rate structure.
Board minutes show the motion was presented after a "lengthy discussion" of rates and billing but do not record projected customer impacts or a timetable for implementation. The board did not attach a dollar figure for expected revenue change in the minutes; follow-up at the next meeting was noted as an item for review. Provenance: topic introduced and concluded in the same meeting segment (SEG 001).
