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Article: Bay State Gas rate hike OK'd; Firm had sought 4.2% boost, but settles for 2.3%
- Article from:
- The Patriot Ledger Quincy, MA
- Article date:
- December 1, 2005
- Author:
CopyrightCopyright 2005 The Patriot Ledger Quincy, MA. Provided by ProQuest LLC. (Hide copyright information)
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The Patriot Ledger
State regulators approved a 2.3 percent rate increase for Bay
State Gas Co. yesterday, giving the natural gas company only about
half of the rate increase it had sought.
The Westboro-based company said the rate hike, which takes effect
today, will add only about $2.25 to the average monthly bill for
homes that rely on natural gas for heat.
But the rate decision follows a much larger price increase - known
as a "cost of gas adjustment" - last month that reflected the rising
costs of natural gas on the wholesale market. The average monthly gas
bill this winter for Bay State Gas heating customers will be nearly
$300, up from an average of $226 a year ago.
Bay State Gas had ...