Appendix A. Qualifications

Transcription

1 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG 1-08 Appendix A Qualifications 1 Present Occupation Q. What is your present occupation? A. I am a consulting economist and President of Ben Johnson Associates, Inc., a firm of economic and analytic consultants specializing in the area of public utility regulation. 8 Educational Background Q. What is your educational background? A. I graduated with honors from the University of South Florida with a Bachelor of Arts degree in Economics in March 1. I earned a Master of Science degree in Economics at Florida State University in September 1. The title of my Master's Thesis is a "A Critique of Economic Theory as Applied to the Regulated Firm." Finally, I graduated from Florida State University in April 2 with the Ph.D. degree in Economics. The title of my doctoral dissertation is "Executive Compensation, Size, Profit, and Cost in the Electric Utility Industry." 1 10

2 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Clients 2 3 Q. What types of clients have employed your firm? A Much of our work is performed on behalf of public agencies at every level of government involved in utility regulation. These agencies include state regulatory commissions, public counsels, attorneys general, and local governments, among others. We have also worked for a wide variety of different private organizations and firms, both regulated and unregulated. The diversity of our clientele is illustrated below. Regulatory Commissions Alaska Public Utilities Commission Arizona Corporation Commission Arkansas Public Service Commission Connecticut Department of Public Utility Control District of Columbia Public Service Commission Idaho Public Utilities Commission Idaho State Tax Commission Iowa Department of Revenue and Finance Kansas State Corporation Commission Maine Public Utilities Commission Minnesota Department of Public Service 2 0

3 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Missouri Public Service Commission National Association of State Utility Consumer Advocates Nevada Public Service Commission New Hampshire Public Utilities Commission North Carolina Utilities Commission Public Staff Oklahoma Corporation Commission Ontario Ministry of Culture and Communications Staff of the Delaware Public Service Commission Staff of the Georgia Public Service Commission Texas Public Utilities Commission Virginia State Corporation Commission Washington Utilities and Transportation Commission West Virginia Public Service Commission Division of Consumer Advocate Wisconsin Public Service Commission Wyoming Public Service Commission 1 1 Public Counsels Arizona Residential Utility Consumers Office Colorado Office of Consumer Counsel Colorado Office of Consumer Services Connecticut Consumer Counsel District of Columbia Office of People's Counsel Florida Public Counsel Georgia Consumers' Utility Counsel 3 1

4 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Hawaii Division of Consumer Advocacy Illinois Small Business Utility Advocate Office Indiana Office of the Utility Consumer Counselor Iowa Consumer Advocate Maryland Office of People's Counsel Minnesota Office of Consumer Services Missouri Public Counsel New Hampshire Office of Consumer Advocate New York State Department of State Utility Intervention Unit Ohio Consumer Counsel Pennsylvania Office of Consumer Advocate Utah Department of Business Regulation Committee of Consumer Services 1 Attorneys General Arkansas Attorney General Florida Attorney General Antitrust Division Idaho Attorney General Kentucky Attorney General Michigan Attorney General Minnesota Attorney General Nevada Attorney General's Office of Advocate for Customers of Public Utilities South Carolina Attorney General Utah Attorney General Virginia Attorney General 2 Washington Attorney General 2

5 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Local Governments City of Austin, TX City of Corpus Christi, TX City of Dallas, TX City of El Paso, TX City of Galveston, TX City of Norfolk, VA City of Phoenix, AZ City of Richmond, VA City of San Antonio, TX City of Tucson, AZ County of Augusta, VA County of Henrico, VA County of York, VA Town of Ashland, VA Town of Blacksburg, VA Town of Pecos City, TX 1 20 Other Government Agencies Canada Department of Communications Hillsborough County Property Appraiser Provincial Governments of Canada 25 Sarasota County Property Appraiser 5 3

6 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG State of Florida Department of General Services United States Department of Justice Antitrust Division Utah State Tax Commission 5 Regulated Firms Alabama Power Company Americall LDC, Inc. BC Rail CommuniGroup Florida Association of Concerned Telephone Companies, Inc. LDDS Communications, Inc. Louisiana/Mississippi Resellers Association Madison County Telephone Company Montana Power Company Mountain View Telephone Company Nevada Power Company Network I, Inc. North Carolina Long Distance Association Northern Lights Public Utility Otter Tail Power Company Pan-Alberta Gas, Ltd. Resort Village Utility, Inc. South Carolina Long Distance Association Stanton Telephone

7 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Teleconnect Company Tennessee Resellers Association Westel Telecommunications Yelcot Telephone Company, Inc. 5 Other Private Organizations AARP Arizona Center for Law in the Public Interest Black United Fund of New Jersey Clark Canyon, LLC Clearwater Paper Company Coalition of Boise Water Customers Colorado Energy Advocacy Office East Maine Medical Center Georgia Legal Services Program Harris Corporation Helca Mining Company Idaho Small Timber Companies Independent Energy Producers of Idaho Interstate Securities Corporation J.R. Simplot Company Merrill Trust Company MICRON Semiconductor, Inc. Native American Rights Fund 5

8 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG North Carolina Sustainable Energy Association Skokomish Indian Tribe South Carolina Solar Business Alliance Tamarack Energy Partnership Twin Falls Canal Company World Center for Birds of Prey 8 Prior Experience Q. Before becoming a consultant, what was your employment experience? A. From August to September 1, I held the position of Senior Utility Analyst with Office of Public Counsel in Florida. From September 1 until August, I held the position of Economic Analyst with the same office. Prior to that time, I was employed by the law firm of Holland and Knight as a corporate legal assistant Q. In how many formal utility regulatory proceedings have you been involved? A. I have been actively involved in more than 00 different formal regulatory proceedings concerning electric, telephone, natural gas, railroad, and water and sewer utilities. 8

9 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Q. Have you done any independent research and analysis in the field of regulatory economics? A. Yes, I have undertaken extensive research and analysis of various aspects of utility regulation. Initially I prepare reports for the internal use of the Florida Public Counsel, but in the subsequent years I've prepared reports for use by the staff of the Florida Legislature and for submission to the Arizona Corporation Commission, the Florida Public Service Commission, the Canadian Department of Communications, and the Provincial Governments of Canada, among others. In addition, as I already mentioned, my Master's thesis concerned the theory of the regulated firm Q. Have you testified previously as an expert witness in the area of public utility regulation? A. Yes. I have provided expert testimony on more than 300 occasions in proceedings before state courts, federal courts, and regulatory commissions throughout the United States and in Canada. I have presented or have pending expert testimony before 35 state commissions, the Interstate Commerce Commission, the Federal Communications Commission, the District of Columbia Public Service Commission, the Alberta, Canada Public Utilities Board, and the Ontario Ministry of Culture and Communication.

10 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Q. What types of companies have you analyzed? A. My work has involved more than 25 different telephone companies, covering the entire spectrum from AT&T Communications to Stanton Telephone, and approximately 0 electric utilities. I have also worked on consulting engagements involving more than 35 other regulated firms, including water, sewer, natural gas, and railroad companies. 8 Teaching and Publications Q. Have you ever lectured on the subject of regulatory economics? A. Yes, I have lectured to undergraduate classes in economics at Florida State University on various subjects related to public utility regulation and economic theory. I have also addressed conferences and seminars sponsored by such institutions as the National Association of Regulatory Utility Commissioners (NARUC), the Marquette University College of Business Administration, the Utah Division of Public Utilities and the University of Utah, the Competitive Telecommunications Association (COMPTEL), the International Association of Assessing Officers (IAAO), the Michigan State University Institute of Public Utilities, the National Association of State Utility Consumer Advocates (NASUCA), the Rural Electrification Administration (REA) and North Carolina State University. 10 8

11 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Q. Have you published any articles concerning public utility regulation? A. Yes, I have authored or co-authored the following articles and comments: 3 5 Attrition: A Problem for Public Utilities Comment. Public Utilities Fortnightly, March 2,, pp The Attrition Problem: Underlying Causes and Regulatory Solutions. Public Utilities Fortnightly, March 2,, pp The Dilemma in Mixing Competition with Regulation. Public Utilities Fortnightly, February, 1, pp Cost Allocations: Limits, Problems, and Alternatives. Public Utilities Fortnightly, December, 0, pp AT&T is Wrong. The New York Times, February, 2, p Deregulation and Divestiture in a Changing Telecommunications Industry, with Sharon D. Thomas. Public Utilities Fortnightly, October 1, 2, pp

12 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG Is the Debt-Equity Spread Always Positive? Public Utilities Fortnightly, November 25, 2, pp Working Capital: An Evaluation of Alternative Approaches. Electric Rate-Making, December 2/January 3, pp The Staggers Rail Act of 0: Deregulation Gone Awry, with Sharon D. Thomas. West Virginia Law Review, Coal Issue 3, pp Bypassing the FCC: An Alternative Approach to Access Charges. Public Utilities Fortnightly, March, 5, pp On the Results of the Telephone Network's Demise Comment, with Sharon D. Thomas. Public Utilities Fortnightly, May 1,, pp Universal Local Access Service Tariffs: An Alternative Approach to Access Charges. In Public Utility Regulation in an Environment of Change, edited by Patrick C. Mann and Harry M. Trebing, pp Proceedings of the Institute of Public Utilities Seventeenth Annual Conference. East Lansing, Michigan: Michigan State University Public Utilities Institute,. 0

13 Appendix A, Direct Testimony of Ben Johnson, Ph.D. On Behalf of the New Hampshire Office of Consumer Advocate Docket No. DG With E. Ray Canterbery. Review of The Economics of Telecommunications: Theory and Policy by John T. Wenders. Southern Economic Journal 5.2 (October ). 5 8 The Marginal Costs of Subscriber Loops, A Paper Published in the Proceedings of the Symposia on Marginal Cost Techniques for Telephone Services. The National Regulatory Research Institute, July -1, 10 and August -1, With E. Ray Canterbery and Don Reading. Cost Savings from Nuclear Regulatory Reform: An Econometric Model. Southern Economic Journal, January 1. 1 Professional Memberships 1 1 Q. Do you belong to any professional societies? A. Yes. I am a member of the American Economic Association. 1

14 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Exhibit (OCA-2) Schedule 1 Page 1 of 1 Illustrative Revision of Marginal Cost Study Residential Commercial and Industrial: Low Load Factor Commercial and Industrial: High Load Factor Company Annual Revenue Responsibility Total Non Heat Heat Low Annual Medium Annual High Annual Low Annual Medium Annual High Annual High Annual Total R-1 R-3, R- G-1 G-2 G-3 G-51 G-52 G-53 G-5 Total Customer Marginal Costs $,,81 $ 1,200 $ 10,1,35 $ 1,21,010 $ 82,000 $ 2,08 $,0 $ 80,208 $ 2,53 $,0 Total Capacity-Related Marginal Costs $,28, $,22 $ 1,100,858 $,508,32 $ 10,,02 $ 2,3,8 $ 5,55 $ 1,1,2 $ 1,385,38 $ 1,03,35 Total $ 5,,5 $ 5,23 $ 2,2,22 $ 8,,33 $ 10,00,023 $ 2,3, $, $ 1,2,3 $ 1,,50 $ 1,08,81 MC-based share of revenue responsibility 100.0% 1.0% 51.3%.% 1.1%.% 1.% 2.2% 2.5% 1.% Unit Marginal Costs R-1 R-3, R- G-1 G-2 G-3 G-51 G-52 G-53 G-5 Customer-Related Unit Marginal Costs ly Average per Bill $.3 $. $. $23. $3. $.52 $21. $8.3 $10.80 Capacity-Related Unit Marginal Costs Annual Average per Therm $ $ $ $ $ $ $ 0.2 $ $

15 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page 1 of 1 RATE R-1 : RESIDENTIAL NON-HEATING 2 Cost of Gas $0. $0.38 Cost of Gas $0.051 $0.0 3 LDAC $0.00 LDAC $ Customer charge $.2 Customer charge $.50 First Block Size 0 0 First Block Size Block 1 $0.20 $0.20 Block 1 $0.32 $0.32 Block 2 $0.20 $0.20 Block 2 $0.32 $ Hide this input through white text later ----> Cur_ R1 Prop_ R1 $ % $ % Winter Summer Winter Summer $.2 $0.00 $.2 $.2 $0.00 $.2 $.50 $0.00 $.50 $.50 $0.00 $.50 -$3. -2.% -$3. -2.% $ $ $ $ $. $1.5 $1.23 $. $1.00 $1.8 $. $1.5 $1.31 $. $1.01 $.8 -$ % -$2.0-1.% $8.10 $8.33 $. $.88 $1.08 $3. $1.20 $1.08 $2.00 $.08 $1.03 $3.0 $1. $1.03 $2.03 $1.0 -$ % -$ % $.5 $.5201 $.22 $.0 1 $1.8 $.8 $21.1 $1.8 $3.00 $1. $.30 $.3 $1.2 $.30 $3.0 $.3 -$ % -$1. -5.% $3.520 $3.2 $ $ $1.88 $.2 $23. $1.88 $.01 $20.8 $1.5 $.1 $22.3 $1.5 $.0 $20.2 -$0.3-1.% -$ % $2.808 $2. $2.81 $ $1.2 $.80 $25.0 $1.2 $5.01 $22.30 $1.82 $.2 $25.5 $1.82 $5.0 $22.8 $ % $0.0 2.% $2.500 $2.22 $2.551 $ $.30 $.0 $30.00 $.30 $.51 $25.81 $20. $.5 $32.5 $20. $.0 $28.5 $ % $ % $ $1.20 $2.10 $ $1.31 $.0 $3.1 $1.31 $10.02 $2.32 $2. $.3 $3.58 $2. $10.1 $3.2 $..% $. 1.% $1.55 $1.1 $1.0 $ $20.32 $1.51 $3.82 $20.32 $.52 $32.8 $2.31 $1.2 $.0 $2.31 $. $3.8 $.8 1.0% $. 21.8% $1.528 $1.3 $1.80 $ $21.32 $23.1 $.3 $21.32 $.02 $3.35 $30. $23. $53.2 $30. $.21 $5.8 $8.8 1.% $ % $1.10 $1.2 $1.83 $ $22.33 $2.31 $. $22.33 $1.53 $3.8 $33.3 $2.01 $0. $33.3 $1. $51.38 $ % $ % $1.3 $1.8 $1.32 $ $23.3 $31.21 $5.55 $23.3 $20.03 $3.3 $3.80 $30.8 $. $3.80 $20.28 $5.0 $. 2.0% $.0 31.% $1.338 $1.08 $1. $ $2.35 $35. $5. $2.35 $22.5 $.8 $3. $3.2 $.8 $3. $22.81 $2. $ % $ % $1.32 $1.01 $1.5 $ $25.3 $3.01 $.3 $25.3 $25.0 $50.0 $3. $38.58 $81.0 $3. $25.35 $8. $ % $ % $1.28 $ $1.30 $ $2.38 $.81 $.1 $2.38 $30.05 $5.3 $. $.30 $5. $. $30.1 $.8 $ % $ % $1.235 $0.51 $1.55 $ $2.0 $5.1 $8.01 $2.0 $35.0 $.5 $55. $5.01 $10.8 $55. $35.8 $1.25 $ % $ % $ $0.20 $1.583 $ $31.1 $2.2 $3.83 $31.1 $0.0 $1.8 $2.0 $1.3 $3.82 $2.0 $0.55 $102. $ % $ % $1. $0.835 $1.5 $ $33.3 $0.22 $103.5 $33.3 $5.0 $8.50 $8.1 $.5 $.8 $8.1 $5.2 $.0 $ % $ % $1.1 $0.823 $1.53 $ $35.5 $8.02 $3. $35.5 $50.08 $85.53 $. $.1 $1.0 $. $50. $5.3 $ % $3.0.% $1. $ $1.510 $ $55.3 $.0 $2. $55.3 $100.1 $5. $.8 $.32 $22.30 $.8 $ $23.3 $ % $ % $1.058 $0.0 $1. $ Estimated Bill Percentiles % 8 $1.88 $.2 $23. $1.5 $.1 $22.3 -$0.3-1.% $2.808 $ % 20 $1.31 $.0 $3.1 $2. $.3 $3.58 $..% $1.55 $1.0 5% 30 $21.32 $23.1 $.3 $30. $23. $53.2 $8.8 1.% $1.10 $ % 5 $1.28 $2.50 $.8 $1. $2.53 $1.20 -$1.5-8.% $3.5 $ % $1. $5.51 $23.00 $. $5.58 $2.03 $1.03.5% $2.008 $2.8 5% 20 $1.31 $10.02 $2.32 $2. $10.1 $3.2 $. 1.% $1.1 $1. ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs 3

16 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page 2 of 1 RATE R-3 : RESIDENTIAL HEATING 2 Cost of Gas $0. $0.38 Cost of Gas $0.051 $0.0 3 LDAC $0.00 LDAC $ Customer charge $22.10 Customer charge $.5 First Block Size First Block Size Block 1 $0.35 $0.35 Block 1 $0.535 $0.535 Block 2 $0.282 $0.282 Block 2 $0.535 $ Cur_ R3 Prop_ R3 $ % $ % Winter Summer Winter Summer $22.10 $0.00 $22.10 $22.10 $0.00 $22.10 $.5 $0.00 $.5 $.5 $0.00 $.5 -$ % -$ % $ $ $ $ $25.0 $.80 $33.0 $25.0 $5.01 $30.0 $1.28 $.2 $2.00 $1.28 $5.0 $2.35 -$.0-1.2% -$ % $3.33 $3.003 $2. $ $30.8 $1.51 $50.3 $30.5 $.52 $3.0 $2.08 $1.2 $8.3 $2.08 $. $1. -$1. -3.% -$ % $2.0 $1.222 $1.3 $ $3.58 $3.01 $8.5 $3. $25.0 $2.81 $5.2 $38.58 $8.00 $5.2 $25.35 $0. $5.2.% $..% $1.51 $1.251 $1.800 $ $8.31 $58.52 $10.83 $5.00 $3.5 $82.5 $1. $5.8 $.3 $1. $38.02 $.8 $.80.0% $ % $1.2 $1.100 $1.551 $ $5.05 $8.02 $5.0 $52.23 $50.08 $ $8.10 $.1 $5.2 $8.10 $50. $8. $ % $ % $1.350 $ $1.552 $ $.28 $.53 $.81 $5. $2.0 $2.0 $.3 $.5 $10.8 $.3 $3.3 $.80 $2.08.0% $ % $1.2 $0. $1.521 $ $1.51 $.03 $8.5 $. $5. $.81 $0. $5. $22.51 $0. $.0 $.81 $ % $ % $1.25 $0.5 $ $ $8. $.5 $2.28 $3.2 $8. $.5 $. $5.03 $22.1 $. $88.1 $2.82 $ % $ % $ $0.232 $1.80 $ $85. $.0 $22.01 $81. $100.1 $1.31 $.5 $.32 $2. $.5 $ $2.83 $ % $ % $ $0.05 $1.888 $ $3.20 $.55 $28.5 $88.38 $2.8 $201.0 $.8 $.1 $333.0 $.8 $.0 $23.8 $.5 2.1% $ % $1.1 $0.83 $1.8 $ $100.3 $.05 $25.8 $5.1 $5.20 $ $1. $.0 $3.03 $1. $.3 $ $ % $ % $1.1 $ $1.1 $ $10. $21.5 $ $102.8 $.2 $20.5 $. $2.1 $0.5 $. $.0 $331.8 $ % $ % $1. $0.8 $1. $ $.8 $23.0 $38.5 $0.0 $0.2 $20.31 $ $231.8 $0.28 $ $2.0 $30.8 $ % $ % $1.2 $0.8 $1. $ $.35 $23.0 $02.2 $.53 $.28 $2.81 $21. $20.0 $5.5 $21. $1.2 $.8 $ % $.0 3.% $1. $0.85 $1. $ $.81 $3.08 $55.8 $8. $ $33.31 $2. $308.5 $582. $2. $202. $.1 $.0 2.8% $.1 0.% $1. $0.883 $1.50 $ $8.2 $351.0 $50.3 $3.5 $225.3 $38.81 $30.82 $3.23 $5.05 $30.82 $228. $53.3 $1. 28.% $. 1.2% $1.1 $0.8 $1.53 $ $.3 $30.10 $52.83 $1.1 $250.0 $.31 $33.50 $ $25.31 $33.50 $253. $52. $.8 28.% $ % $1.5 $0.83 $1.50 $ $25.03 $585. $830. $20.21 $35.0 $.81 $ $58.1 $1,081.5 $ $380.1 $883.0 $ % $2.2 3.% $1.10 $0.82 $1.21 $ ,000 $31.33 $80.20 $1,0.53 $3.51 $ $8.31 $.25 $1.1 $1,3.8 $.25 $50.1 $1,.1 $ % $35.8.2% $1.05 $0.83 $1.3 $ Estimated Bill Percentiles 38 25% 0 $3.0 $.81 $8.88 $51. $.30 $8.25 $8.3.3% $1.80 $ % 100 $5.05 $8.02 $5.0 $8.10 $.1 $5.2 $ % $1.350 $ % $8. $.5 $2.28 $. $5.03 $22.1 $ % $ $ % $2.2 $.01 $32.30 $20.5 $.08 $2. -$5.3-1.% $2.20 $ % 20 $2.0 $10.02 $3. $25.82 $10.1 $35.5 -$ % $1.553 $1. 3 5% 30 $31.8 $.02 $.01 $32.35 $.21 $.5 $ % $1.5 $ ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs

17 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page 3 of 1 RATE R- : LOW INCOME RESIDENTIAL HEATING 2 Cost of Gas $0. $0.38 Cost of Gas $0.051 $0.0 3 LDAC $0.00 LDAC $ Customer charge $8.8 Customer charge $5.10 First Block Size First Block Size Block 1 $0.8 $0.8 Block 1 $0.21 $0.21 Block 2 $0.5 $0.5 Block 2 $0.21 $ Cur_ R Prop_ R $ % $ % Winter Summer Winter Summer $8.8 $0.00 $8.8 $8.8 $0.00 $8.8 $5.10 $0.00 $5.10 $5.10 $0.00 $5.10 -$ % -$ % $ $ $ $ $10.2 $.80 $.0 $10.2 $5.01 $.25 $.1 $.2 $.3 $.1 $5.0 $.8 -$ % -$ % $1.800 $1.52 $1.528 $ $.3 $1.51 $31.8 $.21 $.52 $2.3 $.3 $1.2 $30.2 $.3 $. $2.31 -$0.2-2.% -$0.3-1.% $1.23 $0.8 $1.23 $ $.83 $3.01 $5.8 $.10 $25.0 $0.1 $.1 $38.58 $5.5 $.1 $25.35 $3.51 $ % $3.3 8.% $1.08 $0.802 $1.50 $ $1.33 $58.52 $.8 $1. $3.5 $55.55 $2.0 $5.8 $82.5 $2.0 $38.02 $2.2 $.3.1% $.1.% $1.03 $0.0 $ $ $22.82 $8.02 $100.8 $20.88 $50.08 $0. $31.2 $.1 $108.0 $31.2 $50. $81.3 $.5.5% $10..5% $1.008 $0.0 $1.080 $ $25.1 $.53 $3.2 $23. $2.0 $8.3 $3. $.5 $.23 $3. $3.3 $101.1 $10. 8.% $1. 1.1% $0.85 $0.10 $1.038 $ $28.0 $.03 $.3 $2. $5. $101.8 $.31 $5. $10.05 $.31 $.0 $0.35 $1.2.% $.5.2% $0.0 $0.8 $1.00 $ $31. $.5 $.03 $2.55 $8. $.1 $50.8 $5.03 $5.88 $50.8 $88.1 $.55 $ % $ % $0.01 $0. $1.021 $ $3.38 $.0 $10.2 $32. $100.1 $2.0 $5.38 $.32 $2.0 $5.38 $ $8. $ % $2.1 1.% $0.521 $0.30 $ $ $3.2 $.55 $2.82 $35.33 $2.8 $.01 $3.1 $.1 $23.53 $3.1 $.0 $1. $2.1.% $ % $0.58 $0.58 $1.055 $ $0.1 $.05 $ $38.22 $5.20 $.2 $0.5 $.0 $23.35 $0.5 $.3 $1. $28.1.0% $ % $0.08 $0.53 $1.053 $ $3.05 $21.5 $25.1 $1. $.2 $.83 $.8 $2.1 $28. $.8 $.0 $21.3 $31.5.3% $ % $0.3 $0.503 $1.051 $ $5. $23.0 $ $.00 $0.2 $1.2 $83.52 $231.8 $3.00 $83.52 $2.0 $235.5 $ % $ % $0.333 $0.5 $ $ $51.2 $23.0 $32. $.8 $.28 $225.0 $.5 $20.0 $3.5 $.5 $1.2 $2.01 $1.8.% $ % $0.280 $0.30 $1.0 $ $5.50 $3.08 $3.58 $55.5 $ $ $10. $308.5 $.30 $10. $202. $3.2 $8.2.2% $ % $0.20 $0.3 $1.058 $ $3.28 $351.0 $1.3 $1.3 $225.3 $28.0 $2.3 $3.23 $. $2.3 $228. $350.8 $55.5.% $.1 22.% $0.208 $0.31 $1.03 $ $.0 $30.10 $5.1 $. $250.0 $31.52 $5.80 $ $521.1 $5.80 $253. $38.2 $2.5.% $ % $0.3 $0.350 $1.032 $ $. $585. $83. $.02 $35.0 $1.2 $201. $58.1 $.8 $201. $380.1 $581.3 $.5 1.2% $ % $0.108 $0.288 $1.038 $ ,000 $.8 $80.20 $0.0 $.2 $ $25.2 $2.50 $1.1 $1,038. $2.50 $50.1 $3.2 $1.0 1.% $1. 23.% $0.01 $0.25 $ $ Estimated Bill Percentiles 38 25% 0 $.3 $5.1 $3.2 $23.0 $5.01 $.1 $.1 5.% $1.03 $ % 100 $22.82 $8.02 $100.8 $31.2 $.1 $108.0 $.5.5% $1.008 $ % 0 $28.0 $.03 $.3 $.31 $5. $10.05 $1.2.% $0.0 $ % 1 $10.80 $.01 $1.81 $8. $.10 $.85 -$ % $1.220 $ % 25 $.21 $.52 $2.3 $.3 $. $2.31 -$0.3-1.% $0.8 $ % 0 $.5 $20.03 $33.8 $.55 $20.28 $35.83 $ % $0.85 $0.858 ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs 5

18 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page of 1 RATE G-1 : COMMERCIAL/INDUSTRIAL - LOW ANNUAL USE, HIGH WINTER USE 2 Cost of Gas $0.1 $0.20 Cost of Gas $0.010 $ LDAC $0.050 LDAC $ Customer charge $8.3 Customer charge $35.00 First Block Size First Block Size Block 1 $0.35 $0.35 Block 1 $0.5 $0.5 Block 2 $0.23 $0.23 Block 2 $0.80 $ Cur_ 1 Prop_ 1 $ % $ % Winter Summer Winter Summer $8 $0 $8 $8 $0 $8 $35 $0 $35 $35 $0 $35 -$.3-2.% -$.3-2.% $ $ $ $ $52 $8 $0 $52 $5 $5 $1 $ $8 $1 $5 $ -$.3-1.1% -$ % $5.8 $5.81 $.85 $.5 25 $58 $1 $ $58 $ $ $50 $1 $ $ $ $1 -$ % -$8. -.% $ $2.05 $2. $ $8 $38 $10 $ $23 $88 $5 $3 $102 $1 $2 $85 -$ % -$ % $2.08 $1.5 $2.03 $ $8 $5 $5 $1 $35 $10 $80 $5 $ $3 $35 $10 $ % $2.1 2.% $1.8 $1. $1.8 $ $88 $ $1 $8 $ $ $5 $5 $10 $85 $ $3 $5.1 3.% $8.2.8% $1.32 $1.2 $1.3 $ $101 $ $2 $1 $0 $ $ $2 $231 $10 $1 $0 $1.1.5% $1..1% $1.32 $1.01 $1.505 $ $5 $1 $2 $10 $3 $1 $ $0 $23 $3 $ $228 $ % $30..% $ $0.8 $1.2 $ $8 $ $31 $8 $ $23 $1 $ $35 $ $8 $25 $3..% $1.8 1.% $1.28 $0.358 $1.10 $ $ $22 $38 $1 $10 $21 $ $225 $ $2 $ $323 $.0.8% $52. 1.% $ $0.0 $1.388 $ $5 $25 $20 $1 $ $30 $2 $22 $ $20 $ $31 $5.32.% $ % $1.8 $0.85 $1.32 $ $ $303 $1 $ $ $3 $23 $2 $538 $230 $ $ $.1 1.% $ % $1.1 $0.853 $1.35 $ $ $3 $53 $ $233 $1 $28 $3 $1 $28 $23 $5 $88..% $ % $1. $ $ $ $221 $5 $5 $2 $2 $0 $335 $ $8 $32 $283 $0 $ % $ % $1.5 $0.8 $1.30 $ $28 $530 $8 $23 $32 $53 $383 $52 $0 $3 $330 $0 $.31 1.% $ % $1. $0.80 $1.258 $ $2 $0 $880 $2 $32 $3 $31 $5 $1,030 $22 $3 $ $ % $.8 25.% $ $0.5 $1.285 $ $301 $81 $82 $21 $1 $10 $ $ $1,3 $0 $25 $8 $ % $.2 2.0% $1.01 $0.885 $ $ ,000 $328 $5 $1,085 $31 $ $83 $52 $ $1,2 $5 $2 $0 $.01 1.% $20. 2.% $1.088 $0.82 $1.258 $ ,250 $3 $ $1,31 $38 $582 $ $ $3 $1,583 $38 $50 $1,228 $22.3.1% $ % $1.025 $0.2 $1.2 $ ,500 $1 $1, $1,5 $50 $8 $1,1 $8 $1,3 $1,80 $58 $08 $1, $23.85.% $31. 2.% $1.03 $0.5 $1.202 $ Estimated Bill Percentiles % 0 $ $53 $ $ $52 $ $0. 0.1% $1.85 $ % 200 $5 $1 $2 $ $0 $23 $ % $ $1.2 5% 500 $ $3 $53 $28 $3 $1 $88..% $1. $ % 0 $8 $0 $8 $35 $0 $35 -$.3-2.% $ $ % 8 $52 $ $55 $0 $ $ -$ % $.01 $5.8 5% 5 $3 $21 $8 $5 $21 $80 -$3.0 -.% $1.8 $1.822 ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs

19 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page 5 of 1 RATE G-2 : COMMERCIAL/INDUSTRIAL - MEDIUM ANNUAL USE, HIGH WINTER USE 2 Cost of Gas $0.1 $0.20 Cost of Gas $0.010 $ LDAC $0.050 LDAC $ Customer charge $.08 Customer charge $ First Block Size First Block Size Block 1 $0.30 $0.30 Block 1 $0.2 $0.2 Block 2 $0.202 $0.202 Block 2 $0.055 $ Cur_ 2 Prop_ 2 $ % $ % Winter Summer Winter Summer $ $0 $ $ $0 $ $100 $0 $100 $100 $0 $100 -$ % -$ % $ $ $ $ $1 $8 $ $1 $5 $3 $105 $ $2 $105 $5 $10 -$ % -$ % $.25 $.332 $.2 $ $ $1 $ $ $ $1 $2 $1 $0 $2 $ $3 -$2.3-2.% -$ % $.20 $.2 $5.2 $ $ $38 $201 $ $23 $ $3 $3 $ $3 $2 $1 -$ % -$ % $.0 $3.28 $3.28 $ $ $5 $22 $ $35 $20 $5 $5 $ $5 $35 $10 -$ % -$3.2-1.% $ $2.0 $2.51 $ $1 $ $25 $1 $ $228 $1 $5 $222 $1 $ $1 -$ % -$ % $2.585 $2.20 $2.28 $ $1 $ $3 $1 $0 $2 $10 $2 $282 $10 $1 $21 -$ % -$ % $2.08 $1.3 $1.882 $ $21 $1 $3 $21 $3 $310 $ $0 $33 $ $ $288 -$25. -.% -$ % $1.831 $1.551 $1.8 $ $235 $ $25 $235 $ $352 $21 $ $0 $21 $8 $335 -$ % -$ % $1.80 $1.05 $1.8 $ $253 $22 $80 $253 $10 $33 $20 $225 $5 $20 $ $382 -$. -3.3% -$.25-2.% $1.0 $1.308 $1.51 $ $21 $25 $53 $21 $ $3 $2 $22 $52 $2 $ $2 -$ % -$ % $ $1.20 $1.50 $ $28 $303 $52 $28 $ $ $28 $2 $58 $28 $ $ -$ % $ % $1.80 $1.8 $1.58 $ $325 $3 $0 $3 $233 $5 $33 $3 $08 $32 $23 $53 $3.5 0.% $ % $1.0 $1.023 $1.8 $ $1 $58 $83 $33 $3 $23 $50 $51 $1,0 $2 $35 $83 $28. 2.% $ % $1.31 $0.35 $1.31 $ ,000 $50 $5 $1,23 $33 $ $8 $5 $ $1,31 $530 $2 $1,002 $52..2% $102.8.% $1.228 $0.80 $1.3 $ ,500 $2 $1, $1,1 $55 $8 $1,252 $0 $1,3 $1,83 $33 $08 $1,1 $1.33.5% $8.58.1% $1. $0.83 $1.2 $ ,000 $ $1,51 $2,20 $ $31 $1,05 $3 $1, $2,0 $3 $3 $1,8 $20..3% $ % $1.00 $0.802 $1.23 $ ,000 $8 $2,21 $3,25 $1 $1,3 $2,3 $1,38 $2,2 $3,2 $1,31 $1, $2,5 $3.1.2% $ % $ $0.02 $1.20 $0.8 3,000 $1,22 $3,028 $,255 $1, $1,82 $3,01 $1,8 $2, $,8 $1, $1,88 $3,3 $523..3% $ % $1.03 $0.51 $1. $ ,000 $1, $3,8 $5,252 $1,3 $2,328 $3,22 $2, $3,3 $5,32 $2,2 $2,35 $,5 $.8.% $ % $1.050 $0. $1. $ Estimated Bill Percentiles 38 25% 1,300 $58 $8 $1,52 $8 $3 $1,2 $.8.% $1.20 $ % 2,000 $ $1,51 $2,20 $3 $1, $2,0 $20..3% $1.00 $ % 3,500 $1,10 $2,50 $3,5 $1,581 $2,20 $,201 $..8% $1.032 $ % 5 $ $21 $2 $1 $21 $ -$ % $.0502 $ % 350 $21 $ $3 $2 $ $2 -$ % $1.20 $ % 50 $33 $3 $23 $2 $35 $83 $ % $0.35 $1.035 ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs

20 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page of 1 RATE G-3 : COMMERCIAL/INDUSTRIAL - HIGH ANNUAL USE, HIGH WINTER USE 2 Cost of Gas $0.1 $0.20 Cost of Gas $0.010 $ LDAC $0.050 LDAC $ Customer charge $22.1 Customer charge $00.00 First Block Size 0 0 First Block Size Block 1 $0.221 $0.10 Block 1 $0.31 $0. Block 2 $0.221 $0.10 Block 2 $0.31 $0. 10 Cur_ 3 Prop_ 3 $ % $ % Winter Summer Winter Summer $ $1 $8 $3 $3 $3 $ $0 $1 $2 $ $52 -$ % -$ % $.0 $3.800 $3.081 $ $33 $3 $1,2 $3 $233 $0 $50 $3 $3 $3 $23 $0 -$ % -$ % $2.223 $1.81 $1.882 $1. 1,000 $8 $5 $1,01 $2 $ $1,10 $20 $ $1,8 $5 $2 $1,0 -$ % -$.8-1.% $1.0 $1.5 $1.82 $ ,250 $00 $ $1,8 $ $582 $1,331 $800 $3 $1,35 $583 $50 $1, -$0. -.0% -$8.5 -.% $1.8 $1.050 $ $ ,500 $55 $1, $2,01 $5 $8 $1,3 $8 $1,3 $2,002 $1 $08 $1,32 -$ % -$ % $1.338 $0.820 $1.338 $ ,50 $1,010 $1,325 $2,335 $800 $8 $1, $5 $1,310 $2,2 $5 $82 $1,81 -$.0-2.8% -$ % $1.335 $0.22 $1.2 $ ,000 $1,0 $1,51 $2,580 $825 $31 $1,5 $1,03 $1, $2,53 $2 $3 $1,3 -$3. -1.% -$0.5 -.% $1.200 $0.882 $1.282 $ ,500 $1,1 $1,83 $3,0 $8 $1,1 $2,00 $1,1 $1,81 $3,00 $5 $1,1 $1,5 $ % -$ % $1.22 $0.8 $ $ ,000 $1,28 $2,21 $3,55 $2 $1,3 $2,323 $1,35 $2,2 $3,0 $838 $1, $2,253 $5. 1.3% -$ % $1.2 $0. $1.20 $ ,500 $1,38 $2,50 $,08 $ $1,30 $2,0 $1,51 $2,20 $, $ $1,51 $2,52 $ % -$.3-1.% $1. $0.8 $1.2 $ ,000 $1,50 $3,028 $,53 $1,028 $1,82 $2,80 $1, $2, $,3 $8 $1,88 $2,81 $ % -$.88-0.% $1. $0.22 $1.2 $0. 2,500 $1,20 $3,0 $5,02 $1,08 $2,05 $3,1 $1,838 $3,38 $5,20 $1,058 $2,3 $3,0 $1. 3.% $.5 0.2% $1.1 $0.053 $1.0 $ ,000 $1,31 $3,8 $5,51 $1, $2,328 $3,5 $1,8 $3,3 $5,1 $1,1 $2,35 $3,8 $22..1% $ % $ $0.1 $1.2 $0.8 2,000 $1,52 $,53 $,5 $1,230 $2, $,02 $2,3 $,1 $,80 $1,2 $2,830 $,10 $31..8% $ % $ $0.0 $1.8 $ ,000 $2,1 $5,300 $, $1,332 $3,25 $,51 $2,38 $5,20 $,8 $1,23 $3,302 $,25 $ % $3.3 2.% $1.0 $0.558 $1.53 $ ,000 $2,35 $,05 $8,52 $1,33 $3,25 $5,8 $2,5 $5,88 $8,5 $1,5 $3, $5,33 $ % $.8 3.% $1.055 $0. $1.82 $0.8 32,000 $2,1 $,81 $,31 $1,53 $,10 $5,25 $3,2 $,3 $10,0 $1, $,25 $5,1 $ % $ % $1.0 $0.31 $1.2 $ ,000 $2,83 $,51 $10,10 $1,3 $,5 $,22 $3,5 $,85 $,082 $1,81 $,1 $,58 $2.00.5% $28.3.% $1.010 $0.22 $ $0.58 3,000 $3, $,35 $,303 $2, $,8 $, $5, $,228 $1,22 $2,52 $,0 $,8 $1,.30.3% $ % $ $0.08 $1.08 $ ,000 $5,055 $, $20,1 $2, $,3 $,1 $,3 $1,0 $21,3 $3,322 $,3 $,5 $1,5.1.8% $.08.% $1.008 $0.580 $ $ Estimated Bill Percentiles %,000 $2,1 $,81 $,31 $3,2 $,3 $10,0 $ % $1.0 $1.2 50%,000 $3, $,35 $,303 $5, $,228 $1,22 $1,.30.3% $ $1.08 5% 25,000 $, $,28 $25,00 $8,31 $, $2,10 $2, % $1.003 $ % 50 $8 $210 $88 $ $2 $8 -$ % $1.505 $ % 3,500 $ $1,30 $2,0 $ $1,51 $2,52 -$.3-1.% $0.8 $ % 10,000 $1,3 $,5 $,22 $1,81 $,1 $,58 $28.3.% $0.22 $0.58 ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs 8

21 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page of 1 RATE G-51 : COMMERCIAL/INDUSTRIAL - LOW ANNUAL USE, LOW WINTER USE 2 Cost of Gas $0.305 $0.5 Cost of Gas $0.1 $ LDAC $0.050 LDAC $ Customer charge $8.3 Customer charge $35.00 First Block Size First Block Size Block 1 $0.230 $0.230 Block 1 $0.31 $0.31 Block 2 $0.53 $0.53 Block 2 $0.21 $ Cur_ 51 Prop_ 51 $ % $ % Winter Summer Winter Summer $8 $0 $8 $8 $0 $8 $35 $0 $35 $35 $0 $35 -$.3-2.% -$.3-2.% $ $ $ $ $51 $8 $5 $51 $5 $5 $38 $8 $ $38 $5 $3 -$. -21.% -$ % $ $5.5 $.58 $ $5 $1 $ $5 $ $ $3 $1 $2 $3 $ $5 -$.8 -.8% -$.32-1.% $2.8 $2.58 $2.81 $ $0 $3 $ $0 $25 $85 $51 $38 $8 $51 $25 $ -$ % -$.2-10.% $1.81 $1.08 $1.8 $ $ $58 $ $ $38 $10 $5 $58 $ $5 $38 $ -$ % -$ % $1.53 $1.382 $1.582 $ $2 $8 $0 $2 $50 $3 $ $ $ $ $51 $ -$. -.% -$ % $1.81 $ $1.3 $ $80 $ $1 $80 $5 $5 $80 $5 $ $80 $ $ -$1. -0.% $ % $1.300 $1.035 $1.22 $ $88 $5 $23 $88 $100 $8 $3 $3 $2 $3 $102 $1 $3. 1.3% $ % $1.2 $0.1 $ $ $ $1 $28 $ $ $221 $10 $ $2 $10 $ $233 $. 2.8% $. 5.3% $1. $0.88 $1. $ $103 $233 $33 $103 $1 $25 $ $230 $3 $ $3 $21 $ % $1.2.8% $1. $0.88 $1.8 $ $1 $21 $383 $1 $1 $28 $2 $28 $00 $2 $ $310 $1..% $ % $1.02 $0.8 $1. $ $ $310 $2 $ $201 $320 $ $30 $52 $ $203 $38 $ % $ % $1.02 $0.5 $1.2 $ $ $388 $522 $ $251 $38 $ $383 $555 $ $25 $25 $32.2.2% $ % $1.03 $0. $1.101 $ $0 $5 $ $0 $301 $51 $1 $0 $5 $1 $305 $502 $2.1.% $ % $1.025 $0.523 $1.05 $ $ $53 $08 $ $352 $51 $223 $53 $0 $223 $35 $5 $51.5.3% $2.2.0% $1.08 $0.38 $1.081 $ $1 $20 $801 $1 $02 $583 $250 $1 $83 $250 $0 $5 $1.2.% $3.8.% $1.001 $0.28 $1.08 $ $1 $8 $8 $1 $52 $ $2 $0 $ $2 $58 $33 $1. 8.0% $8.2.1% $0.38 $0.20 $1.033 $ ,000 $2 $ $88 $2 $502 $1 $302 $ $1,0 $302 $50 $810 $ % $5..% $0.85 $0.1 $1.088 $ ,250 $251 $ $1,220 $251 $28 $8 $3 $5 $1,32 $3 $3 $1,003 $ % $.0 1.1% $0.2 $0.031 $1.00 $ ,500 $20 $1, $1,53 $20 $5 $1,03 $33 $1,0 $1,583 $33 $3 $1, $0..0% $2.1 1.% $0.8 $0.55 $1.055 $ Estimated Bill Percentiles % 5 $5 $35 $ $ $35 $8 -$ % $2.082 $ % $8 $ $220 $8 $ $220 $0. 0.3% $ $ % 50 $ $3 $ $8 $35 $503 $ % $1.05 $ % $50 $3 $53 $3 $3 $0 -$.8-2.% $8.801 $.5 50% 0 $3 $30 $3 $5 $31 $8 -$8. -.1% $1.5 $1.05 5% 250 $ $ $221 $10 $ $233 $. 5.3% $0.88 $0.3 ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs

22 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page 8 of 1 RATE G-52 : COMMERCIAL/INDUSTRIAL - MEDIUM ANNUAL USE, LOW WINTER USE 2 Cost of Gas $0.305 $0.5 Cost of Gas $0.1 $ LDAC $0.050 LDAC $ Customer charge $.08 Customer charge $ First Block Size First Block Size Block 1 $ $0. Block 1 $0.2 $0.223 Block 2 $0. $0.085 Block 2 $0.225 $ Cur_ 52 Prop_ 52 $ % $ % Winter Summer Winter Summer $ $5 $31 $ $100 $25 $5 $3 $308 $1 $102 $28 -$ % -$ % $1.01 $1.35 $1.5 $ $20 $233 $3 $10 $1 $30 $2 $230 $ $1 $3 $321 -$ % -$1.0-5.% $1.3 $1. $1.38 $ $22 $310 $53 $205 $201 $0 $210 $30 $51 $ $203 $35 -$ % -$ % $1.33 $1.08 $1.2 $ $28 $388 $35 $21 $251 $1 $23 $383 $21 $2 $25 $ -$ % -$1.3-0.% $1.20 $0. $1.2 $ $28 $5 $3 $23 $301 $53 $25 $0 $25 $238 $305 $53 -$ % $. 1.3% $ $0.82 $ $ $28 $53 $832 $2 $352 $01 $22 $53 $82 $21 $35 $1 -$ % $.1 2.% $1.80 $0.858 $1. $ $30 $20 $30 $2 $02 $ $320 $1 $33 $283 $0 $0 $3.5 0.% $ % $1.1 $ $1. $ $330 $8 $1,028 $2 $52 $31 $3 $0 $1,03 $30 $58 $ $. 0.% $32.5.5% $1. $0.83 $1.2 $ ,000 $350 $ $1, $2 $502 $ $35 $ $1, $32 $50 $838 $.2 1.% $ % $1.58 $0.2 $1.5 $ ,100 $3 $853 $1,21 $302 $553 $855 $3 $8 $1,22 $35 $55 $0 $ % $.3 5.8% $1.10 $0.2 $1.5 $ ,200 $38 $31 $1,308 $3 $03 $1 $23 $20 $1,33 $30 $10 $1 $ % $5..3% $1.002 $0. $1.5 $ ,300 $31 $1,008 $1,3 $31 $53 $2 $ $ $1, $3 $1 $1,03 $ % $.8.% $1.05 $0. $1.10 $ ,00 $05 $1,08 $1,1 $328 $03 $1,031 $2 $1,0 $1,55 $32 $ $1,10 $5.0 3.% $2.1.0% $1.08 $0.3 $ $ ,500 $1 $1, $1,582 $33 $5 $1,00 $ $1,0 $1, $0 $3 $1,10 $.32.1% $80.35.% $1.05 $0.2 $1.05 $ ,50 $53 $1,35 $1,810 $35 $8 $1,23 $55 $1,32 $1,8 $ $80 $1,33 $88.1.% $.2 8.1% $1.032 $0.05 $1.08 $ ,000 $8 $1,551 $2,038 $38 $1,005 $1,383 $1 $1,53 $2,1 $85 $1,01 $1,502 $ % $.08 8.% $1.010 $0. $1.05 $ ,500 $555 $1,3 $2, $21 $1,25 $1, $38 $1,1 $2,5 $53 $1,21 $1,83 $.51.5% $.81.% $0. $0.0 $1.022 $ ,000 $2 $2,32 $2,50 $3 $1,50 $1,0 $80 $2,301 $3,10 $1 $1,52 $2,1 $ % $ % $0.83 $0.5 $1.053 $ ,000 $0 $3,102 $3,82 $5 $2,010 $2,55 $1,102 $3,08 $,10 $ $2,03 $2,831 $ % $ % $0.5 $0.32 $1.02 $ ,000 $8 $3,88 $,5 $32 $2,5 $3,1 $1,3 $3,835 $5,1 $53 $2,53 $3,5 $0. 8.5% $351..2% $0.5 $0.288 $ $ Estimated Bill Percentiles 38 25% 1,00 $35 $80 $1, $38 $8 $1,2 $1.1 1.% $1. $ % 2,000 $8 $1,551 $2,038 $1 $1,53 $2,1 $ % $1.010 $ % 3,500 $2 $2,1 $3,0 $81 $2,8 $3,5 $258.0.% $0.32 $ % 00 $2 $352 $01 $21 $35 $1 $.1 2.% $0.858 $ % 1,00 $2 $522 $820 $33 $52 $8 $.2 5.5% $0.881 $ % 2,000 $38 $1,005 $1,383 $85 $1,01 $1,502 $.08 8.% $0. $0.5 ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs 0

23 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page of 1 RATE G-53 : COMMERCIAL/INDUSTRIAL - HIGH ANNUAL USE, LOAD FACTOR LESS THAN 0% 2 Cost of Gas $0.305 $0.5 Cost of Gas $0.1 $ LDAC $0.050 LDAC $ Customer charge $0. Customer charge $00.00 First Block Size 0 0 First Block Size Block 1 $0. $0.088 Block 1 $ $ Block 2 $0. $0.088 Block 2 $ $ Cur_ 53 Prop_ 53 $ % $ % Winter Summer Winter Summer 1 1 1,000 $8 $ $1,50 $10 $502 $1,2 $10 $ $1,3 $501 $50 $1,00 -$2.5 -.% -$ % $1.55 $1.2 $1.31 $ ,500 $ $1,3 $2,38 $8 $1,25 $2,0 $25 $1,1 $2,83 $52 $1,21 $1,23 -$ % -$.3 -.0% $1.2 $0.825 $1.1 $0.3 5,000 $1,358 $3,88 $5,235 $85 $2,5 $3, $1,51 $3,835 $5,285 $0 $2,53 $3, $ % -$ % $1.00 $0.3 $1.051 $0.83 1,500 $1,1 $5,81 $,532 $1, $3,8 $,25 $1, $5,52 $,28 $1, $3,81 $,0 $.3 2.% $5.3 0.% $1.003 $0.5 $1.030 $ ,000 $2,05 $,55 $,830 $1,32 $5,02 $,353 $2,502 $, $10, $1,08 $5,085 $,3 $ % $ % $ $0.353 $1.0 $0.3 21,500 $2,33 $, $, $1,501 $,280 $,81 $3,02 $,58 $,1 $1,0 $,35 $8,01 $8.5.0% $ % $0.02 $0.225 $1.001 $0. 22,000 $2,2 $,33 $1,2 $1,3 $,53 $,20 $3,553 $,50 $,05 $1, $,28 $,50 $32.00.% $ % $0.1 $0. $1.003 $ ,000 $3,50 $,510 $1,01 $2,01 $10,08 $,05 $,03 $,338 $1,2 $2,1 $10,10 $,58 $22.1.% $ % $0.50 $0.032 $0.1 $ ,000 $,22 $1,388 $23, $2,31 $,50 $1,21 $5,5 $1, $2,82 $2,21 $, $,3 $1, % $..8% $0.5 $ $0.31 $ ,000 $,3 $23,25 $28,208 $2,05 $,02 $1, $,05 $23,00 $2, $3,25 $,255 $,80 $1, % $ % $0.03 $0.52 $0.0 $ ,000 $5,0 $2, $32,802 $3,0 $1,58 $20,33 $,5 $2,82 $3,58 $3,2 $1,8 $21,2 $1, % $1, % $0.32 $0.585 $0.885 $ ,000 $,3 $31,020 $3,3 $3,33 $20,0 $23,8 $8,80 $30, $3,83 $,33 $20,31 $2, $2, % $1, % $0.3 $0.582 $0.81 $ ,000 $,0 $3,88 $1,1 $3,3 $22,08 $2,35 $,858 $3,5 $,3 $,38 $22,883 $2,821 $2,3.8 5.% $1,5.3 5.% $0.331 $0.585 $0.80 $ ,000 $,8 $38,5 $,58 $,081 $25,0 $2,201 $10,08 $38,3 $,25 $5,2 $25,2 $30,8 $2,8.3 5.% $1,. 5.% $0.31 $0.580 $0.851 $ ,000 $8,528 $2,53 $51,0 $,25 $2,32 $32,05 $,5 $2,0 $5,10 $5, $2,8 $33,1 $2, % $1, % $0.305 $ $0.8 $ ,000 $,25 $,530 $55,5 $, $30,1 $3, $,010 $,0 $5,025 $,50 $30,5 $3,1 $3, % $2,08. 5.% $0.2 $0.581 $0.83 $ ,000 $,3 $58, $,558 $5,801 $3,80 $3,81 $1, $5,51 $3,81 $,3 $38, $,101 $,2.5 5.% $2, % $0.2 $0.5 $0.82 $ ,000 $1,81 $,550 $2,531 $,521 $50,20 $5,1 $21,1 $,1 $8,108 $10,83 $50,851 $1,335 $5,5.52.0% $3,5.08.2% $0.253 $0.5 $0.8 $ ,000 $22,1 $,325 $8, $10,1 $5,30 $8,321 $31,25 $5,03 $1,2 $,525 $,2 $1,802 $8,8.5.1% $5,81..% $0.232 $0.555 $0. $ ,000 $2,321 $5,100 $,21 $1,01 $100,80 $,881 $2,3 $3,383 $,81 $20,5 $101,03 $2,20 $,35.8.2% $,388.0.% $0.221 $0.5 $0.1 $ Estimated Bill Percentiles 38 25% 10,000 $2,05 $,55 $,830 $2,502 $, $10, $ % $0.830 $ %,000 $2,2 $,33 $1,2 $3,553 $,50 $,05 $32.00.% $0.1 $ % 30,000 $,3 $23,25 $28,208 $,05 $23,00 $2, $1, % $0.03 $ % 5,000 $85 $2,5 $3, $0 $2,53 $3, -$ % $0.3 $ %,000 $1,3 $,53 $,20 $1, $,28 $,50 $ % $0. $ % 20,000 $2,01 $10,08 $,05 $2,1 $10,10 $,58 $ % $0.032 $0.23 ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs 1

24 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page 10 of 1 RATE G-5 : COMMERCIAL/INDUSTRIAL - HIGH ANNUAL USE, LOAD FACTOR GREATER THAN 0% 2 Cost of Gas $0.305 $0.5 Cost of Gas $0.1 $ LDAC $0.050 LDAC $ Customer charge $0. Customer charge $00.00 First Block Size 0 0 First Block Size Block 1 $0.05 $0.02 Block 1 $ $0.08 Block 2 $0.05 $0.02 Block 2 $ $ Cur_ 5 Prop_ 5 $ % $ % Winter Summer Winter Summer 1 1 1,000 $5 $ $1,1 $0 $502 $1, $83 $ $1,2 $5 $50 $53 -$ % -$ % $1.0 $1.8 $1.2 $ ,500 $ $1,3 $2,1 $ $1,25 $1,1 $0 $1,1 $2,52 $5 $1,21 $1,83 -$.0 -.1% -$.2 -.5% $1.085 $0.88 $1.00 $0.3 5,000 $1 $3,88 $,2 $8 $2,5 $3,301 $8 $3,835 $, $2 $2,53 $3,1 -$ % -$.0 -.1% $0.583 $0.02 $0.2 $ ,500 $1,051 $5,81 $,8 $83 $3,8 $,31 $1,01 $5,52 $,1 $3 $3,81 $,550 -$.3-1.% -$ % $0. $0. $0.02 $ ,000 $1,8 $,55 $8,3 $38 $5,02 $5,2 $1,225 $, $8,8 $88 $5,085 $5,33 -$ % -$ % $0.83 $0.52 $0.88 $ ,500 $1,32 $, $,0 $1,0 $,280 $,22 $1,31 $,58 $,0 $0 $,35 $,31 -$ % $ % $0.88 $0.583 $0.881 $ ,000 $1,1 $,33 $,0 $1,08 $,53 $8,22 $1,3 $,50 $, $1,02 $,28 $8,00 $. 0.% $.3 0.% $0.82 $0.58 $0.81 $ ,000 $1,35 $,510 $1,25 $1,235 $10,08 $,283 $2,050 $,338 $1,388 $1,2 $10,10 $, $.5 0.8% $3.3 1.% $0.822 $0.51 $0.8 $ ,000 $2,008 $1,388 $21,3 $1,383 $,50 $,3 $2,2 $1, $21,35 $1,520 $, $1,233 $ % $ % $ $0.55 $0.85 $ ,000 $2,282 $23,25 $25,5 $1,532 $,02 $1,0 $2,85 $23,00 $25,882 $1, $,255 $1, $ % $ % $0.851 $ $0.82 $ ,000 $2,555 $2, $2,8 $1,80 $1,58 $1,2 $3,28 $2,82 $30, $1,8 $1,8 $1, $ % $ % $0.885 $0.550 $0.808 $ ,000 $2,82 $31,020 $33,8 $1,82 $20,0 $21,25 $3,00 $30, $3,3 $2, $20,31 $22,532 $ % $ % $0.82 $0.581 $0.85 $ ,000 $3,102 $3,88 $38,000 $1, $22,08 $2,585 $,2 $3,5 $38,2 $2,1 $22,883 $25,2 $ % $.5 2.% $0.8 $0.53 $ $ ,000 $3,3 $38,5 $2,1 $2, $25,0 $2,2 $,525 $38,3 $2,81 $2,0 $25,2 $28,05 $1. 1.% $ % $0.830 $0.5 $0.85 $ ,000 $3, $2,53 $,302 $2,2 $2,32 $2,0 $,3 $2,0 $,8 $2,8 $2,8 $30,832 $ % $ % $0.8 $0.53 $0.85 $ ,000 $3,23 $,530 $50,53 $2,23 $30,1 $32,5 $5,350 $,0 $51,35 $3,088 $30,5 $33,5 $. 1.8% $1, % $0.80 $0.528 $0.851 $ ,000 $,3 $58, $2,0 $2,88 $3,80 $0,58 $,58 $5,51 $,10 $3,0 $38, $1,88 $1, % $1, % $0.838 $0.50 $0.85 $ ,000 $,1 $,550 $83,1 $3, $50,20 $53,851 $8,50 $,1 $85,31 $,8 $50,851 $55,31 $1, % $1, % $0.83 $ $0.853 $ ,000 $8,8 $,325 $5, $5,0 $5,30 $80,5 $,5 $5,03 $,8 $, $,2 $83,3 $2, % $2, % $0.835 $0.53 $ $ ,000 $,581 $5,100 $1,81 $,581 $100,80 $10,01 $1,00 $3,383 $10,283 $,35 $101,03 $1,02 $3, % $, % $0.833 $ $0.851 $ Estimated Bill Percentiles %,000 $80 $3,102 $3,2 $30 $3,08 $3,8 -$ % $0.0 $0. 50% 30,000 $2,282 $23,25 $25,5 $2,85 $23,00 $25,882 $ % $0.851 $0.82 5% 100,000 $,1 $,550 $83,1 $8,50 $,1 $85,31 $1, % $0.83 $ %,000 $1,08 $,53 $8,22 $1,02 $,28 $8,00 $.3 0.% $0.58 $ % 50,000 $2, $25,0 $2,2 $2,0 $25,2 $28,05 $ % $0.5 $0.5 5% 80,000 $3,01 $0, $3,20 $3,8 $0,81 $,5 $1, % $0.501 $ ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs 2

25 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page of 1 KEENE DIVISION RATE RESIDENTIAL TO ENERGYNORTH RATE R-1 : RESIDENTIAL NON-HEATING 2 Cost of Gas $ $0.281 Cost of Gas $0.051 $0.0 3 LDAC $ Customer charge $.00 Customer charge $.50 First Block Size First Block Size Second Block Size Block 1 $1.22 $1.22 Block 1 $0.32 $0.32 Block 2 $0.2 $0.2 Block 2 $0.32 $0.32 Block 3 $0. $0. Prop_ R1 1 1 COG TOTAL $ % $ % Winter Summer Winter Summer COG TOTAL $.00 $0.00 $.00 $.00 $0.00 $.00 $.50 $0.00 $.50 $.50 $0.00 $.50 $ % $ % $ $ $ $ $.30 $3.0 $1.3 $.30 $1.2 $.5 $. $1.5 $1.31 $. $1.01 $.8 -$ % $1.22.% $. $.2803 $. $ $.1 $.1 $1.5 $.1 $2.51 $1. $1.03 $3.0 $1. $1.03 $2.03 $1.0 -$ % -$0.0-0.% $.3 $.0303 $.22 $.0 22 $.1 $.21 $25. $.1 $3. $1.8 $.30 $.3 $1.2 $.30 $3.0 $.3 -$ % -$ % $. $ $ $ $.22 $.28 $30.50 $.22 $5.02 $23.2 $1.5 $.1 $22.3 $1.5 $.0 $20.2 -$ % -$ % $3.8 $2.053 $2.81 $ $20.52 $.35 $35.8 $20.52 $.28 $2.80 $1.82 $.2 $25.5 $1.82 $5.0 $22.8 -$ % -$3.1-1.% $3.58 $2.803 $2.551 $ $2.28 $23.03 $.31 $2.28 $.2 $35.0 $20. $.5 $32.5 $20. $.0 $28.5 -$ % -$. -1.% $3.28 $ $2.10 $ $32.0 $30.0 $2.5 $32.0 $.5 $.1 $2. $.3 $3.58 $2. $10.1 $3.2 -$ % -$ % $3. $ $1.0 $ $3.81 $38.38 $.1 $3.81 $.0 $53.51 $2.31 $1.2 $.0 $2.31 $. $3.8 -$ % -$ % $3.0 $2.103 $1.80 $ $3.5 $.0 $8.2 $3.5 $.8 $2.1 $30. $23. $53.2 $30. $.21 $5.8 -$ % -$ % $2.8 $ $1.83 $ $.33 $53.3 $103.0 $.33 $21.8 $1.31 $33.3 $2.01 $0. $33.3 $1. $ $ % -$ % $2.5 $2.03 $1.32 $ $55.0 $1.1 $.50 $55.0 $25. $80.21 $3.80 $30.8 $. $3.80 $20.28 $5.0 -$8.8-1.% -$ % $2. $ $1. $ $0.85 $.08 $.3 $0.85 $28.2 $8. $3. $3.2 $.8 $3. $22.81 $2. -$ % -$2.3-2.% $2.88 $1.803 $1.5 $ $.1 $. $.3 $.1 $31.1 $8.02 $3. $38.58 $81.0 $3. $25.35 $8. -$ % -$ % $2.8 $1.03 $1.30 $ $8. $2. $10.2 $8. $3. $5.82 $. $.30 $5. $. $30.1 $.8 -$ % -$ % $2.83 $1.303 $1.55 $ $8.5 $10. $1. $8.5 $3. $3.2 $55. $5.01 $10.8 $55. $35.8 $1.25 -$ % -$ % $2.810 $1.08 $1.583 $ $101. $2.82 $223. $101. $50.25 $1.2 $2.0 $1.3 $3.82 $2.0 $0.55 $102. -$ % -$ % $2. $1.828 $1.5 $ $0.2 $8.1 $28. $0.2 $5.53 $1. $8.1 $.5 $.8 $8.1 $5.2 $.0 -$0.3 -.% -$ % $2.3 $1.852 $1.53 $ $0.0 $3.52 $23.58 $0.0 $2.81 $2.8 $. $.1 $1.0 $. $50. $5.3 -$ % -$ % $2.358 $1.828 $1.510 $ $21.8 $30.0 $ $21.8 $5.2 $30.10 $.8 $.32 $22.30 $.8 $ $23.3 -$ % -$ % $2.0 $1.005 $1. $ Estimated Bill Percentiles % 8 $.22 $.28 $30.50 $1.5 $.1 $22.3 -$ % $3.8 $ % 20 $32.0 $30.0 $2.5 $2. $.3 $3.58 -$ % $3. $1.0 5% 30 $3.5 $.0 $8.2 $30. $23. $53.2 -$ % $2.8 $ % 5 $1. $3.1 $1.0 $1. $2.53 $1.20 -$0.0-3.% $ $ % $21. $.1 $28.58 $. $5.58 $2.03 -$.55 -.% $2.585 $2.8 5% 20 $32.0 $.5 $.1 $2. $10.1 $3.2 -$ % $ $1. ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs 3

26 Liberty Utilities (EnergyNorth Natural Gas) Corp. Docket No. DG 1-08 Page of 1 KEENE DIVISION RATE RESIDENTIAL TO ENERGYNORTH RATE R-3 : RESIDENTIAL HEATING 2 Cost of Gas $ $0.281 Cost of Gas $0.051 $0.0 3 LDAC $ Customer charge $.00 Customer charge $.5 First Block Size First Block Size Second Block Size Block 1 $1.22 $1.22 Block 1 $0.535 $0.535 Block 2 $0.2 $0.2 Block 2 $0.535 $0.535 Block 3 $0. $0. Prop_ R3 1 1 COG TOTAL $ % $ % Winter Summer Winter Summer COG TOTAL $.00 $0.00 $.00 $.00 $0.00 $.00 $.5 $0.00 $.5 $.5 $0.00 $.5 $3.5 1.% $3.5 1.% $ $ $ $ $20.52 $.35 $35.8 $20.52 $.28 $2.80 $1.28 $.2 $2.00 $1.28 $5.0 $2.35 -$ % -$ % $3.58 $2.803 $2. $ $3.81 $38.38 $.1 $3.81 $.0 $53.51 $2.08 $1.2 $8.3 $2.08 $. $1. -$ % -$ % $3.0 $2.103 $1.3 $ $.1 $. $.3 $.1 $31.1 $8.02 $5.2 $38.58 $8.00 $5.2 $25.35 $0. -$5.3-1.% -$ % $2.8 $1.03 $1.800 $ $5.2 $5.1 $210.5 $5.2 $. $.52 $1. $5.8 $.3 $1. $38.02 $.8 -$ % -$ % $2.80 $1.003 $1.551 $ $0.0 $3.52 $23.58 $0.0 $2.81 $2.8 $8.10 $.1 $5.2 $8.10 $50. $8. -$ % -$ % $2.358 $1.828 $1.552 $ $. $.0 $335.5 $. $8.51 $222. $.3 $.5 $10.8 $.3 $3.3 $.80 -$ % -$ % $2.85 $1. $1.521 $ $1.2 $ $3.55 $1.2 $.22 $21. $0. $5. $22.51 $0. $.0 $.81 -$.0-3.0% -$.8-28.% $2.503 $1.32 $ $ $10.88 $28. $5.5 $10.88 $10.2 $300. $. $5.03 $22.1 $. $88.1 $2.82 -$ % -$ % $2.25 $1.8 $1.80 $ $21.8 $30.0 $ $21.8 $5.2 $30.10 $.5 $.32 $2. $.5 $ $2.83 -$ % -$ % $2.0 $1.005 $1.888 $ $23.35 $35.2 $5. $23.35 $.32 $35. $.8 $.1 $333.0 $.8 $.0 $23.8 -$ % -$ % $2.5 $1. $1.8 $ $25.21 $ $38.01 $25.21 $.03 $.2 $1. $.0 $3.03 $1. $.3 $ $ % -$ % $ $1. $1.1 $ $2.08 $22. $.2 $2.08 $.3 $.80 $. $2.1 $0.5 $. $.0 $ $ % -$. -25.% $2.53 $1.2 $1. $ $23. $0.5 $5.50 $23. $8.3 $82.3 $ $231.8 $0.28 $ $2.0 $30.8 -$ % -$ % $2.50 $1.0 $1. $ $333. $53.32 $80. $333. $21.8 $ $21. $20.0 $5.5 $21. $1.2 $.8 -$ % -$.1-2.3% $2.885 $1.581 $1. $ $33.0 $1.08 $8.8 $33.0 $251.2 $2. $2. $308.5 $582. $2. $202. $.1 -$ % -$ % $2.8 $1.51 $1.50 $ $. $0.8 $1,103. $. $282.5 $5.8 $30.82 $3.23 $5.05 $30.82 $228. $53.3 -$.2-0.8% -$ % $2.533 $1.52 $1.53 $ $52.8 $.0 $1,220. $52.8 $31.05 $.1 $33.50 $ $25.31 $33.50 $253. $52. -$5. -0.% -$.5-22.% $2.0 $ $1.50 $ $51.51 $1,1.0 $1,802.1 $51.51 $1.08 $1,2.5 $ $58.1 $1,081.5 $ $380.1 $ $ % -$ % $2.03 $1.8 $1.21 $ ,000 $850.1 $1, $2,385.3 $850.1 $28.10 $1,8.2 $.25 $1.1 $1,3.8 $.25 $50.1 $1,.1 -$. -3.% -$ % $2.385 $1.83 $1.3 $ Estimated Bill Percentiles % 0 $8. $2. $10.2 $51. $.30 $8.25 -$ % $2.83 $ % 100 $0.0 $3.52 $23.58 $8.10 $.1 $5.2 -$ % $2.358 $ % $10.88 $28. $5.5 $. $5.03 $22.1 -$ % $2.25 $ % $22.83 $.5 $30.3 $20.5 $.08 $2. -$3. -.2% $ $ % 20 $32.0 $.5 $.1 $25.82 $10.1 $35.5 -$8.5-1.% $ $1. 5% 30 $3.5 $.8 $2.1 $32.35 $.21 $.5 -$ % $ $ ly Bills at Present ly Bills at Proposed Change in ly Bill Unit Costs