Wilkes-Barre, PA (November 30, 2007) – UGI Penn Natural Gas (“UGI PNG”) announced today a decrease in its purchased gas cost rates effective December 1, 2007. As a result, the average residential heating customer’s bill will decrease by approximately 1 percent from $144.88 to $143.54 per month.
A number of factors, including mild fall temperatures and an uneventful hurricane season, contributed to lower prices for natural gas. Vicki Ebner, vice president of marketing and gas supply, stated, “The fact that our customers have experienced stable natural gas rates for the past six months and will pay slightly less over the next three winter months is very good news in today’s energy environment.”
By law, utilities cannot earn a profit on the natural gas commodity portion of a customer’s bill. They are required to pass the cost of the natural gas they purchase directly through to customers without any markup. UGI PNG’s next opportunity to adjust its purchased gas cost rates will occur on March 1, 2008.
UGI PNG continues to encourage customers to use energy wisely and make efficiency improvements in their homes. Customers with a limited or fixed income should call UGI PNG toll-free at 1-888-829-8611 to determine if they are eligible for one of several energy assistance programs. Finally, any customer who is behind on their gas bills should contact UGI PNG as soon as possible to discuss a payment arrangement.
UGI Penn Natural Gas, Inc., headquartered in Wilkes-Barre, Pennsylvania, is a wholly owned subsidiary of UGI Utilities, Inc. UGI Penn Natural Gas serves approximately 158,000 customers in 13 counties throughout northeastern and central Pennsylvania. For more information, visit www.ugipng.com.