Biz Buzz
By Jim Martin, Doug Oathout Erie Times-News staff bloggers
Welcome to Biz Buzz, our daily blog on all things business. Turn here for breaking news on the economy, local industry and area people engaged in the region's companies.   Read more about this blog.
 Phone: 814-870-1668
814-870-1698
Posted: July 31st, 2012
Prices to rise for National Fuel customers

Customers of National Fuel Gas Distribution Corp. will see the price of gas rise 4.7 percent, effective today.

The increase raises the monthly bill of a typical residential customer — one who uses 95,000 cubic feet of gas a year — from $73.45 to $76.87.
The utility had projected earlier this year that the increase would be higher. In a state-mandated filing in January, the company had forecast a 10.2 percent increase would be made in August.

Sandra James, a spokeswoman for the Buffalo-based company, said the increase was the result of slightly higher costs for bringing gas to the area and a small increase in the predicted price of gas over the next year.

The company will have another opportunity to file for a gas price adjustment on Nov. 1.

By law, the utility cannot profit by raising the price of natural gas, but most pass those costs on to consumers dollar-for-dollar.

Posted in: Uncategorized
Comments
No Responses to Prices to rise for National Fuel customers
Leave a Reply

You must be logged in to post a comment.

Switch to our mobile site