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Article: PECO to Increase Natural Gas Rates on March 1, First Increase in a Year.
- Article from:
- Business Wire
- Article date:
- February 29, 2008
CopyrightCOPYRIGHT 2008 Business Wire. 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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The Average Residential Customer Will Pay about $10 More a Month
PHILADELPHIA -- PECO today announced that it will increase its overall price for gas service by 7.8 percent for the average residential bill beginning March 1, 2008 due mainly to under collections for gas supply costs. PECO serves 480,000 suburban gas customers in southeastern Pennsylvania.
PECO's natural gas rates are made up of two main parts - the delivery and service charges and the commodity charge:
* The delivery and service charges remain essentially unchanged since 1988 and are the lowest in Pennsylvania. Those charges reflect PECO's natural gas operating and maintenance ...