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Natural gas companies propose rate reductions

Posted September 18, 2008

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— North Carolina's two largest natural gas companies are proposing significant rate reductions for the fall.

PSNC Energy is proposing a residential rate cut of about 14 percent. Piedmont Natural Gas has proposed a reduction of about 16 percent for residential users.

The News & Observer of Raleigh reported the typical homeowner would save about $24 a month. The reductions would take effect Oct. 1 if they are approved by the North Carolina Utilities Commission.

In May and June, PSNC sought – and got – approval for two rate hikes, amounting to a 31 percent increase – or about $40 extra on the average bill during the winter months. At the time, PSNC said the raises were necessary to pass the rising cost of natural gas onto costumers.

Natural gas companies can ask the commission to adjust rates monthly.

PSNC and Piedmont Natural Gas serve nearly 1.2 million customers in North Carolina.

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  • 68_polara Sep 19, 2008

    "Natural Gas prices may go down but what about propane? Last year they shot up to 2.25 a gal. which is very high. 10 years ago propane was 58 cents a gal. compared to today"

    Propane prices will not decrease. Propane is made from petroleum and you know what has happened to oil prices in the past 10 years. Natural gas is different, although like all fossil fuels it's finite, at least we have large reserves of it in the US, unlike oil.

  • 68_polara Sep 19, 2008

    Unfortunately, unless your have natural gas running to your home the only alternative to using petroleum to heat your home is a heat pump, which can be expensive when the temperature really drops. The only other alternatives involve a lot of work and require a real chimney (one that can handle very high temperatures). We are basically left with three alternatives wood, coal, or pellet stoves, pellet stoves being the easiest and cleanest. For these that want to use an alternative for environmental reasons (ie. globel warming) are left with wood or pellet stoves. I use wood it's a good way to get exercise too.

  • twc Sep 18, 2008

    Sounds like the utility commission failed to see that they should not have gotten the increase in the first place. What good is a utilities commission if the utility actually runs the show!!!! We need more people like Jim Long!!!!

  • parr4246 Sep 18, 2008

    Rev. RB.................. Thank you Rev Expert.............!!!

  • 68_polara Sep 18, 2008

    I wish they would run a natural gas line in front of my home. Propane is getting outrageous.

  • bs101fly Sep 18, 2008

    don't give it to them! we don't need their pity!!!

  • Goalieman Sep 18, 2008

    godukebasketball / sww...

    The reduction is a way for them to say they are working with us even though the reduction is only a fraction of what they increased.

    I guess that is the way business works. Stab you deep then pull out a little to only ease the pain. :)

  • kevboom Sep 18, 2008

    Has hell frozen over?

  • whatusay Sep 18, 2008

    The only reason natural gas is not allowed on our highways now is because the government will be losing tax revenues. Politicians would rather see Americans suffer than lose a penny. Besides, they need it for their pensions and free paid up health insurance for the rest of their lives. And, they do not have to pay SS taxes.

  • whatusay Sep 18, 2008

    The only reason this country is not running automobiles on natural gas is because our government is affraid they will not be taking in as much tax revenue.. Plenty of natural gas but the gas/oil lobbyists are paying our politicians/democrats too much money to allow us to get it.

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