Natural gas rate decrease approved

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According to the Winston-Salem Journal, the utility’s filing reflects declines in its wholesale natural gas costs, which are passed through to customers on a dollar-for-dollar basis. The new rate goes into effect Jan. 1. A similar request was approved by the Public Service Commission of S.C.

In October, the utility filed for an overall reduction in its retail rates in North Carolina for November through March.

That request, which went into effect Nov. 1, lowered the billing rates by a net amount of 7 cents per therm, or by 7 percent for residential customers. The overall reduction was projected to amount to $32 million over 12 months.

The utility estimated the average monthly residential customer bill would be about $14 lower from November through March than in the same time period in 2013-14.