Natural Gas Utility Proposes Reducing Natural Gas Prices

BOSTON (AP) -- Natural gas utility NStar says its customers can expect to pay an average of $4 less per month if a proposed rate cut is approved.

NStar has proposed cutting its supply price by nearly 27%, or about $0.39 per therm, down from the current price of nearly $0.53. If approved by the Massachusetts Department of Public Utilities, the price cut will save the average gas customer $4 a month beginning Sept. 1.

The proposed decrease reflects a drop in prices on the New York Mercantile Exchange.

NStar has about 300,000 natural gas customers in Massachusetts.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2609990, ~/Articles/ArticleHandler.aspx, 12/22/2014 7:10:42 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement