Piedmont Natural Gas files to further reduce sales rates

Piedmont Natural Gas (PNY) has filed to further reduce its natural gas sales rates for customers in North Carolina and South Carolina. The company's filings mark the second such request in as many months. In December, the company requested and received approval to reduce its sales rates for customers in both states effective 1 January as a result of declining wholesale natural gas costs which Piedmont passes through to customers on a dollar for dollar basis.

The most recent filings before both the North Carolina Utilities Commission and the Public Service Commission of South Carolina reflect additional declines in the company's wholesale natural gas costs.

If approved by the respective commissions, the new rates would go into effect on 1 February, with residential customers seeing a reduction of about 3% from January rates and about 8% since the start of the winter period. The average residential customer in North Carolina and South Carolina would save US$10 to US$15 over the remaining winter months of February and March.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/20012015/piedmont-natural-gas-files-to-further-reduce-sales-rates-171/