Briefcase: Natural gas cost decreases
Peoples Natural Gas customers are paying less for their gas. Effective Oct. 1, the quarterly adjusted gas cost commodity rate decreased from $5.41 per thousand cubic feet to $5.13 per mcf. With the decrease, a residential customer who uses 86,000 cubic feet per year, or 7.2 mcf per month, will see a monthly bill decrease of about $3, said Carol Scanlon, Peoples manager of rates. The commodity gas cost is a straight dollar-for-dollar pass through from Peoples to the customers, thus Peoples does not profit from the gas cost commodity rate, Scanlon said. Peoples serves about 31,200 ...
