CorEnergy Infrastructure Trust, Inc. in Kansas City announced that the Federal Energy Regulatory Commission has approved the Settlement of the MoGas rate case filed in May of 2018. MoGas Pipeline LLC is a subsidiary of CorEnergy.
The FERC order confirms that the new rates equate to an annual revenue of approximately $14.8 million as disclosed in the Company’s filings for second quarter of 2019. The Settlement becomes effective September 1, 2019, with the new rates retroactively effective December 1, 2018.
MoGas owns an approximately 263-mile FERC regulated interstate natural gas pipeline system in the St. Louis area and in central Missouri that delivers natural gas to both investor-owned and municipal local distribution systems, having pipeline receipt and delivery interconnects with REX, PEPL and MRT.