UGI Requests 3.4% Rate Decrease for December 1
17 May 2012
Reading, PA (May 17, 2012) – UGI Utilities, Inc. – Gas Division (UGI) announced that on June 1, the utility will submit its annual filing with the Pennsylvania Public Utility Commission (PUC) to establish purchased gas cost rates for December 1, 2012.
If UGI’s request is approved, the average residential heating customer’s bill will decrease by 3.4% on December 1 due to lower wholesale natural gas prices.
UGI most recently decreased rates by 4.3% on March 1, 2012 and also by 13.5% on December 1, 2011.
Currently, the average monthly bill for UGI customers is more than 40% lower than it was 4 years ago. The projected December 1 decrease is a continuation of that trend.
According to Vicki O. Ebner, Senior Vice President, Customer & Government Relations, “An abundant supply of natural gas is allowing us to continue to pass these savings on to our customers. Thanks in part to Marcellus Shale production, natural gas prices are at historic lows. There has never been a better time to have natural gas for your home or business needs. Customers can save up to $1,500 per year by converting to natural gas.”
If UGI’s proposed December rates are approved, the bill for a typical residential retail heating customer who uses about 85 hundred cubic feet (ccf) of natural gas per month will decrease from $89.60 per month to $86.58 on December 1. The bill for a typical commercial retail customer using 39.3 thousand cubic feet (Mcf) per month will decrease from $408.05 per month to $395.22. The bill for a typical industrial retail customer using 100.6 thousand cubic feet (Mcf) per month will decrease from $1,018.86 per month to $986.07.
Customers may call UGI at 1-800-276-2722 to receive further information on the proposed rates. Any customer who is struggling to pay their gas bills should contact UGI to determine if they are eligible for one of several energy assistance programs or discuss a payment arrangement for any past due balances.
UGI’s Gas Division is headquartered in Reading, Pennsylvania and serves approximately 320,000 customers in 15 southeastern Pennsylvania counties, including customers in and around Allentown, Bethlehem, Easton, Hazleton, Harrisburg, Lancaster and Reading.
Additional information about UGI’s Gas Division is available at www.ugi.com.