The North Carolina Utilities Commission (NCUC) has granted a final certificate to Frontier Utilities of North Carolina, Inc., to provide natural gas local distribution service to four previously unserved counties. It found Frontier's proposed rates reasonable when compared to alternate energy sources in the four-county area, though somewhat higher than those proposed by Piedmont Natural Gas Co., Inc., an established LDC that had also applied for the franchise.
Frontier is a new company formed specifically to serve the four counties. Earlier, the NCUC had granted conditional approval to Frontier, assuming that the utility would employ traditional financing rather than a special expansion fund. The final approval acknowledged completion of all financing and capacity arrangements necessary to begin operations. Re Frontier Utils. of N.C., Inc., et al., Dkt. Nos.
G-38 & G-9, Sub 357, Jan. 30, 1996 (N.C.U.C.).
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