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DOMINION ENERGY (D)
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Dominion Energy : Utah PSC Issues Gas Order Involving Dominion Energy of Salt Lake City

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06/21/2018 | 01:56pm CEST

SALT LAKE CITY, Utah, June 20 -- The Utah Public Service Commission issued the following gas order (Docket No. 18-057-07) involving Dominion Energy:

On May 2, 2018, the Public Service Commission of Utah (PSC) opened this docket and issued an action request to the Division of Public Utilities (Division), requesting the Division investigate a letter sent on Dominion Energy Utah's (Dominion) letterhead to Dominion's customers offering "Gas Line Coverage from HomeServe."1 Both the Division and the Office of Consumer Services (Office) responded to the PSC's action request on May 11, 2018.

On May 25, 2018, the PSC issued a Scheduling Order and Notice of Technical Conference (Scheduling Order), establishing a procedural schedule and discovery deadlines in this docket.2 Pursuant to the Scheduling Order, all parties have until the end of the business day, Thursday, June 28, 2018, to file their respective comments.

On June 19, 2018, Dominion Energy Utah (Dominion) filed a Petition for Highly Confidential Treatment and Additional Protective Measures under Utah Administrative Code Rule R746-1-601(2)(a) and Motion for Expedited Treatment (Petition). Dominion explains in its Petition that, since issuance of the Scheduling Order in this docket, the Office issued a discovery request for information Dominion does not possess and which HomeServe considers "Highly Confidential" inasmuch as the information contains (i) trade secrets, or (ii) proprietary or other competitively sensitive information, such that disclosure would cause substantial and irreparable harm to HomeServe. Dominion further explains that HomeServe is willing to provide the information the Office has requested provided the PSC designates HomeServe's response as Highly Confidential and available only to the Office, the Division, the PSC, and their respective counsel, but not to any intervenors or their counsel, or other persons, unless they proffer a legitimate reason for needing the information. Dominion further represents it has discussed this matter with the Office's and the Division's respective counsel, and neither opposes the Petition. Lastly, Dominion moves for expedited treatment of its Petition, given the upcoming June 28, 2018 comment deadline.

For good cause and there being no opposition to the Petition, it is granted. Accordingly, pursuant to Utah Admin. Code R746-1-601(2), Dominion may treat the information requested by the Office and involving HomeServe as "Highly Confidential." As set forth in Dominion's Petition, the information may be provided to the Office, the Division, and the PSC, and their respective counsel. Intervenors, their attorneys, and other parties will not be permitted to review this information unless they first establish a legitimate reason for needing the information.

DATED at Salt Lake City, Utah, June 20, 2018.

/s/ Melanie A. Reif

Presiding Officer

Attest:

/s/ Gary L. Widerburg

PSC Secretary

DW#302962

Footnotes:

1 See Action Request, issued May 2, 2018, available at: https://pscdocs.utah.gov/gas/18docs/1805707/301808ActReqDueMay112018.pdf.

2 See Scheduling Order and Notice of Technical Conference, issued May 25, 2018, available at: https://pscdocs.utah.gov/gas/18docs/1805707/3024041805707soanotc5-25-2018.pdf.

© 2018 Targeted News Service, source News Service

Stocks mentioned in the article
ChangeLast1st jan.
HOMESERVE PLC -1.03% 910 Delayed Quote.13.59%
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Financials ($)
Sales 2018 13 498 M
EBIT 2018 4 725 M
Net income 2018 2 688 M
Debt 2018 37 388 M
Yield 2018 5,03%
P/E ratio 2018 16,82
P/E ratio 2019 16,13
EV / Sales 2018 6,01x
EV / Sales 2019 5,66x
Capitalization 43 682 M
Chart DOMINION ENERGY
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Technical analysis trends DOMINION ENERGY
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Mean consensus HOLD
Number of Analysts 13
Average target price 72,1 $
Spread / Average Target 8,5%
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Managers
NameTitle
Thomas F. Farrell Chairman, President & Chief Executive Officer
Mark F. McGettrick Chief Financial Officer & Executive Vice President
P. Rodney Blevins Chief Information Officer & Senior Vice President
John W. Harris Lead Independent Director
Mark J. Kington Independent Director
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