Business news of local interest
Norfolk Southern dividend
NORFOLK, VA. — Norfolk Southern Corp. on Tuesday announced a regular quarterly dividend of 94 cents per share on its common stock. The dividend is payable March 10 to shareholders of record on Feb. 7.
Norfolk Southern has declared a dividend on its common stock for 150 consecutive quarters since its formation in 1982.
Grant application period open
BLUE KNOB — With funding from Air Force veteran-owned The Skirted Soldier, female farmers who are veterans or members of the military community are invited to compete for a $,1000 mini-grant.
Applicants must operate in Pennsylvania and may apply for funding for projects that will improve the economic viability of their operations.
Applications will be accepted until 5 p.m. Feb. 10.
Female veterans or military members who have owned or operated a farm or agribusiness in Pennsylvania for at least two years are eligible to apply for funding for equipment or supplies, marketing needs such as web design or signage or other needs.
Proof of honorable service is required, and the farm or agribusiness must be 50 percent or more woman veteran owned. Apply online or download an application at www.troopstotractors.org/women-veteran-ag-minigrant-2020
UGI requests rate increase
UGI Utilities Inc.-Gas Division has filed a request with the Pennsylvania Public Utility Commission to increase its base rates for residential, commercial and industrial customers by $74.6 million annually.
The requested increase would recover UGI’s ongoing costs related to system improvements and operations necessary to maintain safe and reliable natural gas service.
The company’s filing includes over $373 million in budgeted system investments for system infrastructure, facilities and information technology investments, which are not yet included for recovery in current rates.
The UGI rate increase request will impact the delivery charge portion of a customer’s bill. The delivery charge provides a utility with the funds needed to own, operate and maintain the gas distribution system and provide customer service and emergency response services.
The total bill for a typical residential heating customer using 73.5 ccf per month would increase from $81.54 to $90.22 per month or by 10.6 percent.
UGI serves 654,000 customers across Pennsylvania, including parts of Bedford, Blair, Centre, Clearfield and Huntingdon counties.