|
Nicor Inc. has added a
news release to its Investor Relations website.
Title:
Administrative Law Judges Issue Proposed Rate Order
Date: 2/10/2009 4:15:00
PM
For a complete listing
of our news releases, please click here
��� NAPERVILLE,
Ill.--(BUSINESS WIRE)--Feb. 10, 2009--
����� Nicor Inc. (NYSE:GAS)
announced that on February 9, 2009, the
����� Administrative Law
Judges (ALJs) issued a proposed order in the Nicor
����� Gas rate case that
currently is pending before the Illinois Commerce
����� Commission (ICC). The
proposed order recommends a revenue requirement
����� increase of
approximately $68.8 million, a rate of return on rate base
����� of 7.57 percent and a
rate of return on equity of 10.17 percent. The
����� proposed order compares
to Nicor Gas� requested revenue requirement
����� increase of
approximately $140.4 million, a rate of return on rate base
����� of 9.27 percent and a
rate of return on equity of 11.15 percent. The
����� proposed order also
includes approval of a volume balancing rider that
����� would adjust rates to
recover fixed costs and an energy efficiency rider
����� that would fund energy
efficiency programs. The proposed order is a
����� recommendation by the
ALJs, and Nicor Gas and other parties to the
����� proceeding will have the
opportunity to file written briefs to identify
����� points where they agree
or disagree with the proposed order. After
����� considering these
briefs, the ALJs may modify the proposed order and
����� will submit their
recommendation to the ICC commissioners. The ICC
����� commissioners will then
make the final decision on Nicor Gas' rate
����� increase request and
that decision may differ from the ALJs'
����� recommendation. That
final decision is expected to be issued no later
����� than March 25, 2009.
Rates would be effective prospectively.
� ��
����� Nicor Inc. (NYSE: GAS)
is a holding company and is a member of the
����� Standard & Poor�s
500 Index. Its primary business is Nicor Gas, one of
����� the nation�s
largest natural gas distribution companies. Nicor owns
����� Tropical Shipping, a containerized
shipping business serving the
����� Caribbean region and the
Bahamas. In addition, the company owns and has
����� an equity interest in
several energy-related businesses. For more
����� information, visit the
Nicor Web site at www.nicor.com.
���
����� Caution Concerning
Forward-Looking Statements
���
����� This document includes
certain forward-looking statements about the
����� expectations of Nicor
and its subsidiaries and affiliates. Although
����� Nicor believes these statements are based
on reasonable assumptions,
����� actual results may vary materially
from stated expectations. Such
����� forward-looking statements may be
identified by the use of
����� forward-looking words or phrases such
as "anticipate," "believe,"
����� "expect,"
"intend," "may," "planned,"
"potential," "should," "will,"
����� "would,"
"project," "estimate," "ultimate," or similar
phrases. Actual
����� results may differ materially from
those indicated in the company's
����� forward-looking statements due to the
direct or indirect effects of
����� legal contingencies (including
litigation) and the resolution of those
����� issues, including the effects of an
ICC review, and undue reliance
����� should not be placed on such
statements.
���
����� Other factors that could cause
materially different results include, but
����� are not limited to, weather
conditions; natural disasters; natural gas
����� and other fuel prices; fair value
accounting adjustments; inventory
����� valuation; health care costs; insurance
costs or recoveries; legal
����� costs; borrowing needs; interest
rates; credit conditions; economic and
����� market conditions; accidents, leaks,
equipment failures, service
����� interruptions, environmental
pollution, and other operating risks;
�����
tourism and construction in the Bahamas and Caribbean region; energy
����� conservation; legislative and
regulatory actions; tax rulings or audit
����� results; asset sales; significant
unplanned capital needs; future
����� mercury-related charges or credits;
changes in accounting principles,
����� interpretations, methods, judgments
or estimates; performance of major
����� customers, transporters, suppliers
and contractors; labor relations; and
����� acts of terrorism.
���
����� Readers are cautioned not to place
undue reliance on these
����� forward-looking statements, which
speak only as of the date of this
����� release. Nicor undertakes no
obligation to publicly release any revision
����� to these forward-looking statements
to reflect events or circumstances
����� after the date of this release.
���
���
Source: Nicor Inc.
����� Nicor Inc.Kary Brunner, 630
388-2529re:
����� N-1008
���
|