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10-01-2016 LSU Pregame

Laclede propose natural gas price cut

Local

Laclede propose natural gas price cut

(KTRS) – Laclede Gas is pushing for utility regulators to approve a price cut for natural gas. If approved, the company says customers could expect to see bills drop by about $18 a month–around $90 for the heating season. Last year’s price hike broke the recent trend of dropping natural gas prices. Laclede says the […]

Laclede propose natural gas price cut

(KTRS) – Laclede Gas is pushing for utility regulators to approve a price cut for natural gas. If approved, the company says customers could expect to see bills drop by about $18 a month–around $90 for the heating season. Last year’s price hike broke the recent trend of dropping natural gas prices. Laclede says the new rates would take effect November 6, pending approval.

Some additional facts about the price cut proposal:

  • Laclede is asking to reduce the cost of natural gas by 26 percent; that would be the lowest cost in 13 years.
  • Cost per therm would be $.42.
  • Laclede makes its profit on delivery charges and passes cost of gas onto consumers.
  • ¬†Bills would drop to 43 percent of the peak amount during the winter of 2005-0

 

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By Colin Jeffery

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