NPGA Board approves distribution of funds
July 01, 2018
The National Public Gas Agency (NPGA) Board of Directors approved a distribution of $5 million to its tier one charter members from NPGA’s net position at their June board meeting.
Members will be paid based on total gas volumes used during the immediately preceding seven audited fiscal years minus certain disallowed large loads designated as ineligible for purposes of distribution by the Board of Directors.
Distribution payments to each qualifying NPGA member will be sent out in July.
NPGA still retains a small cash reserve to help with volatility in commodity costs and usage.