PSNC customers get 2009 rate cut
Posted December 29, 2008 3:36 p.m. EST
Raleigh, N.C. — Customers who purchase natural gas from PSNC Energy will save a little money in the New Year.
The state utilities commission approved a 14 percent rate cut to the cost-of-gas component effective Jan. 1.
The company estimates the average monthly bill will decrease by $19.
Utilities are allowed by state law to pass on their fuel costs to customers, but they also are required to negotiate the best deals they can get.
PSNC has 454,000 natural gas customers in the state, including 280,000 in the Triangle.