8-KRegulation FD

EQT Corp 8-K Report, Regulation FD Disclosure (Dec 22, 2008)

Filed December 22, 2008For Securities:EQT

Summary

This Form 8-K filing from EQT Corporation (EQT) on December 22, 2008, primarily discloses a significant settlement reached by its subsidiary, Equitable Gas Company, in its Pennsylvania rate case. The settlement is projected to result in an annual revenue increase of approximately $38.3 million, which is lower than the initial request of $51.9 million. This represents the first delivery rate increase for Equitable Gas Company in over a decade, following substantial investments of more than $360 million since 1997 to enhance its pipeline infrastructure, operational efficiency, and customer service. The settlement is unopposed by active parties and is awaiting approval from the Pennsylvania Public Utility Commission (PUC), with an expected decision before March 31, 2009. The company highlights its improved service levels and safety performance, attributing these advancements to its recent infrastructure investments. Investors should note that the projected revenue increase and the timing of PUC approval are forward-looking statements subject to inherent risks and uncertainties.

Key Highlights

  • 1Equitable Gas Company reached a settlement in its Pennsylvania rate case.
  • 2Projected annual revenue increase from the settlement is approximately $38.3 million.
  • 3This is the first delivery rate increase for Equitable Gas Company in over 10 years.
  • 4The company has invested over $360 million since 1997 in infrastructure, efficiency, and customer service.
  • 5The settlement is unopposed by active parties.
  • 6PUC approval is expected before March 31, 2009.
  • 7The filing includes forward-looking statements subject to risks and uncertainties.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors about a settlement reached by EQT's subsidiary, Equitable Gas Company, in its Pennsylvania rate case. This settlement is expected to lead to a significant annual revenue increase for the subsidiary.

The settlement is projected to result in an annual revenue increase of approximately $38.3 million for Equitable Gas Company. This is less than the $51.9 million originally requested.

The settlement is subject to the recommendation of a Pennsylvania PUC Administrative Law Judge and the approval of the PUC itself. The company expects this approval to be granted before March 31, 2009.

Since 1997, Equitable Gas Company has invested over $360 million to upgrade its pipeline infrastructure, improve operational efficiency, and enhance customer service. These investments have led to improvements in service levels, on-time performance, and safety.