Southwest Gas adjusts rates to reflect changes in the Gas Cost rate for Nevada customers on a quarterly basis. The rate is composed of the Base Tariff Energy Rate (BTER) and the Deferred Energy Account Adjustment (DEAA). This rate is updated to account for changes in the cost of natural gas the Company purchased on behalf of customers, with no profit to the Company, and uses a rolling 12-month average of natural gas costs.
The Company makes these quarterly advice letter filings in February, May, August, and November. Copies of Nevada Advice Letters can be found
here
.
Southwest Gas’ most recent Nevada Quarterly Gas Cost Rate Adjustment filing was made on August 26, 2024 to account for the natural gas costs purchased by the Company between July 2023 and June 2024. The updated Gas Cost rate will be effective October 1, 2024.