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Enbridge Unit Pushes Back on Ohio Regulator's Ruling Over Rate Reduction
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Enbridge Unit Pushes Back on Ohio Regulator's Ruling Over Rate Reduction
Jun 27, 2025 2:00 PM

04:42 PM EDT, 06/27/2025 (MT Newswires) -- Enbridge's ( ENB ) Enbridge Gas Ohio unit, on Friday said it is reviewing the recent decision from the Public Utilities Commission of Ohio regarding the company's 2023 base rate case it expects will cut into revenue..

"We are concerned about the impact this will have on our customers, and on the State's desire to attract further investment in the energy required to fuel its future," the company said in a statement.

It added that the ruling reduces its revenue by over $30 million, due to how it manages its pension fund for retirees. The company also said it is exploring legal options and will continue working to ensure the decision doesn't affect its ability to provide affordable natural gas service to its customers.

Enbridge ( ENB ) shares closed down $0.14 to $61.40 on the Toronto Stock Exchange.

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