APGA Asks SEC to Consider Impacts of Proposed Climate Reporting Rule on Public Gas Utilities

By Renée Lani posted 06-23-2022 12:06 PM

On June 17, APGA submitted comments to the Securities and Exchange Commission (SEC) in response to its Proposed Rule regarding “The Enhancement and Standardization of Climate-Related Disclosures for Investors”, asking the SEC to consider how the requirements might impact community-owned natural gas utilities.

While the SEC’s Proposed Rule does not directly impose new requirements on APGA members, APGA is concerned about the costs that it may indirectly impose on members. For instance, the burden of reporting requirements for SEC-regulated energy companies arising from the Proposed Rule is expected to be high. APGA members conduct business with SEC-regulated companies and anticipate that any additional costs from robust, new reporting requirements will be passed on to APGA members through higher costs in goods, including natural gas, and services. Because APGA’s members operate as not-for-profits and must pass reasonable costs on to their customers through natural gas rates set by the communities that govern them, these costs will ultimately be borne by American families and business-owners in the form of higher energy costs.

A copy of the comments is available here.

For questions on this article, please contact Renée Lani of APGA staff by phone at 202-464-0836 or by email at rlani@apga.org.