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Article: PECO to Reduce Natural Gas Rates by 11% September 1.
- Article from:
- PR Newswire
- Article date:
- August 28, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Gas rate will be 21% lower than last December
PHILADELPHIA, Aug. 28 /PRNewswire/ -- PECO will decrease its natural gas rate by nearly 11 percent, effective September 1, returning prices back to levels prior to Hurricane Katrina a year ago. PECO serves 474,000 suburban customers in southeastern Pennsylvania.
The PECO gas rate will drop from $1.45 per hundred cubic feet (ccf) to $1.29 per ccf, reflecting lower wholesale gas supply costs. The reduced rate will mean savings of about $15 a month for the typical residential customer using 80 to 100 ccf, more for larger users. The new rate is now 21 percent lower than last December ($1.65 per ccf) when ...