Wednesday, January 03, 2007

Mild Winter = Low NatGas Prices

AP via

Falling natural gas prices have prompted the state's two primary gas utilities to cut prices for more than 1 million customers.

State regulators approved cuts Tuesday for PSNC Energy and Piedmont Natural Gas, retroactive to Monday...

The price cuts were the result of falling wholesale prices brought on by this winter's mild weather.
This situation may not last long:

National Fuel Gas Distribution Corp... expects the cost of natural gas supplies to get more expensive.

The company is required by the state to lay out its annual purchased gas cost projection for the period extending from Aug. 1, 2007, through July 31, 2008.

National Fuel is betting overall gas cost expenses will go up and that will translate into higher monthly bills for consumers.