PSC ORDERS CONSUMER GAS RATES DOWN

(10/13/2012)

The Public Service Commission of West Virginia has ordered natural gas utilities to lower the purchased gas portion of their rates for the upcoming heating season. The lower interim rates will go into effect on Nov. 1, with final rates being set in early 2013. Hope Gas customers will see their purchased gas rates decrease 12.35 percent from $6.25 to $5.48 per Mcf, and the Equitable Gas rate is being reduced 33.88 percent from $4.90 to $3.24 per Mcf. Consumers Gas, Bluefield Gas, Blacksville Oil & Gas, Canaan Valley Gas, Lumberport-Shinnston Gas, Southern Gas, Standard Gas, A.V. Company, Tawney Gas Services and Union Oil & Gas will all be decreasing their purchased gas rates. Mountaineer Gas will see the purchased gas portion of its rates go from $6.11 to $4.98 per Mcf, a decrease of 18.5 percent. Mountaineer has a base rate case pending before the commission so the total rates have not yet been determined.

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