Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Arkansas regulators want more answers about Summit Utilities big rate hike request
    Stock Market

    Arkansas regulators want more answers about Summit Utilities big rate hike request

    October 29, 20241 Min Read


     

     

    Reports by Arkansas Business and the Arkansas Democrat-Gazette show state regulators reopened the nearly $88 million rate hike proposed by Summit Utilities.

    It means the Public Service Commission will continue searching for information from Summit and its attempt to increase rates by an average of another $15.43 a month or 23% on residential bills.

    State legislators remain highly critical of the request and during a hearing on Monday, asked the Commission to carry out an investigative report. They also questioned whether Summit conducted due diligence in its acquisition of natural gas assets two years ago.

    Two legislators made claims that Summit acquired assets that needed repair and now want ratepayers to fund the decision.

    So far, Summit, with more than 90,000 customers in Oklahoma, has yet to file for a similar high rate hike in the state.

     

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Stock Market Today: Sensex Falls Over 350 Points, Nifty Below 24,650 In Opening Trade; Check Details | Markets News

    Stock Market

    This High-Yield Dividend Stock Is Staging a Comeback. Should You Buy Shares Now?

    Stock Market

    Dow jumps 580 points, S&P 500, Nasdaq have best day since May as Wall Street bounces back

    Stock Market

    Here Are The 5 Best Performing Blue-Chip Stocks Of 2025 So Far

    Stock Market

    Dow, S&P 500, Nasdaq climb in bounce back from Friday sell-off

    Stock Market

    How Technology Is Revolutionizing Affiliate Marketing in 2025

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Davis Commodities Unveils Transformative AI-Driven Refinery Strategy to Accelerate Growth and Enhance Valuation

    Investments

    Handbags, watches and more: Best performing luxury investments in 2024

    Property

    Arab Real Estate Investment : bénéfice de 5,8 millions de livres égyptiennes pour l’exercice

    Editors Picks

    Trump Administration Overhauls U.S. Cryptocurrency Regulations in Initial 30 Days

    February 21, 2025

    NASENI Enhancing Nigeria’s Agricultural Productivity Through Asset Restoration Programme

    June 11, 2025

    Grade II-listed property dating from 1717 for sale in Bury

    July 5, 2025

    5 Rules Of Successful Fintech Entrepreneurship

    August 23, 2024
    What's Hot

    Silver Storm brewing with multiple +1,000g/t hits

    August 16, 2024

    Ukrainian farmers are diversifying their agricultural practices, specifically focussing on melons

    July 18, 2024

    Broadstone Net Lease Inc (BNL) Q1 2025 Earnings Call Highlights: Strategic Investments and …

    May 2, 2025
    Our Picks

    De la douceur du métal avec Lionel Laussedat, sculpteur sérignanais qui s’expose au 26 Riquet

    April 28, 2025

    These 4 Brokerages Make It Easy to Buy Bitcoin

    October 28, 2024

    Expert talks increase in investments for grid battery manufacturing

    May 13, 2025
    Weekly Top

    Stock Market Today: Sensex Falls Over 350 Points, Nifty Below 24,650 In Opening Trade; Check Details | Markets News

    August 4, 2025

    Adani Energy Solutions shares in focus today, here’s why 

    August 4, 2025

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana updates; check prices, trading activity, m-cap

    August 4, 2025
    Editor's Pick

    PUCT hosts electric utilities to discuss emergency operations and extreme weather preparedness

    January 30, 2025

    Implement agricultural master plan for Northern Ghana – Women farmers urge govt

    June 12, 2025

    Strategic Business Invocations With Stephen Vick: Transforming Property Investment

    October 14, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.