Natural gas rate decrease approved
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.
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.