CenterPoint Energy: expect lower winter natural gas bills

by Amy McCullough

Published: December 1,2010

Winter bills expected to be nearly 23% lower on average than last winter depending on customer usage

HOUSTON, Texas — Wholesale natural gas prices have decreased nationwide and CenterPoint Energy (NYSE: CNP) is passing on these lower prices to Mississippi customers beginning this month.

Through the Purchased Gas Adjustment (PGA), an allowed adjustment to the gas supply charge portion of a customer bill, CenterPoint Energy passes on increases and decreases in the cost of natural gas with no markup. The PGA typically makes up about 60 percent of a customer bill.

After lowering the PGA, a Mississippi residential customer’s bill using a winter usage of 70 Ccf that was $68.46 last winter will be $52.88 this winter, excluding taxes. This represents a nearly 23 percent decrease.

“This is good news for consumers and we are happy to be able to pass this natural gas price decrease on to customers particularly because natural gas usage typically increases in the winter months due to heating needs,” said Walter Bryant, division vice president of Gas Operations in Mississippi. “In most cases, natural gas continues to be the best energy value for home heating, water heating, cooking and clothes drying.”

Source: PR Newswire

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