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Dominion Hope's residential customers can
expect to pay another $8.55
a month for natural gas under an agreement
announced yesterday.
The agreement between Dominion Hope and the
Public Service Commission allows the
Clarksburg based utility to raise its rates by
8.5%. It also freezes Dominion
Hope's natural gas rates until January 1, 2004.
In March, Dominion Hope requested a 53%
rate hike. Since then, the wholesale price
of natural gas plummeted, and the utility signed
long-term contracts at much lower prices.
Under yesterday's agreement, an average
homeowner's monthly bill will increase from
$98.89 to $107.43.
The Public service Commission did not say when the new rate
would go into effect.
Dominion Hope provides natural gas service to
customers in 32 counties.
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