The market price for natural gas is at a 10-year low due to the abundant supply of
The adjustment decreases the monthly bill of a typical residential customer using 99,400 cubic feet annually by $2.26 per month, from $73.41 to $71.15, Manino said.
According to PUC regulations, the gas supply charge may be adjusted quarterly to account for changes in the price of natural gas. The PUC allows National Fuel to adjust its purchased gas cost rate in February, May, August and November.
The purchased gas cost is different from delivery service charges, which reflect the company’s costs of doing business including costs associated with installing and maintaining the local pipeline delivery system. Delivery service charges are determined by the PUC.
National Fuel hasn’t sought to increase its delivery service charges for more than 10 years while investments in pipeline safety and system modernization have continued, Manino said.
National Fuel serves approximately 209,000 customers in 14 counties in northwestern
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