UGI Penn Natural Gas to Decrease Natural Gas Rates 8.9% on June 1, 2010; Utility Requests Additional 8.2% Rate Decrease for December 1
17 May 2010
Reading, PA (May 17, 2010) – Residential customers of UGI Penn Natural Gas (UGI PNG) may pay 16.3 percent less for next winter’s natural gas bills thanks to a 8.9 percent decrease on June 1 and another projected 8.2 percent decrease on December 1.
UGI will submit its annual filing with the Pennsylvania Public Utility Commission (PUC) on June 1 to establish purchased gas cost rates for December 1, 2010. The June decrease and the projected December decrease are both due to lower wholesale natural gas prices.
UGI PNG most recently decreased rates by 14 percent on December 1, 2009. “We are pleased we are able to achieve these savings for our customers,” Peter G. Terranova, vice president, marketing and supply, said. “Natural gas continues to be the preferred energy choice among homeowners and businesses. It is competitively priced, clean, abundant and produced in the United States, including here in Pennsylvania.”
If UGI PNG’s proposed December rates are approved, the bill for a typical residential retail heating customer who uses about 89 hundred cubic feet (ccf) of natural gas per month will decrease from $121.70 per month to $110.86 on June 1 and then decrease again on December 1 to $101.82.
The bill for a typical commercial retail customer using 26.2 thousand cubic feet (Mcf) per month will decrease from $306.15 per month to $275.19 on June 1and then decrease again on December 1 to $249.40. The bill for a typical industrial retail customer using 405 thousand cubic feet (Mcf) per month will decrease from $4,263.26 per month to $3,784.70 on June 1 then decrease again on December 1 to $3,385.89.
Customers may call UGI PNG at 1-800-432-8017 to receive further information on the proposed rates. Any customer who is struggling to pay their gas bills should contact UGI PNG to determine if they are eligible for one of several energy assistance programs or discuss a payment arrangement for any past due balances.
UGI Penn Natural Gas is a wholly owned subsidiary of UGI Utilities, Inc. UGI Penn Natural Gas serves approximately 160,000 customers in 13 counties throughout northeastern and central Pennsylvania, including customers in and around Scranton, Wilkes-Barre and Williamsport. Additional information about UGI’s Penn Natural Gas is available at www.ugi.com.