CenterPoint Energy: expect lower winter natural gas bills
Published: December 1,2010
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
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Molpus closes Fund after more than $662M in commitments
- Kemper County plant will cost at least another $496M to complete
- Realtors chooses Nita Wingard
- State Sen. Gandy hospitalized in South America
- Entergy agrees to cut $35M from its new rate plan
- Cochran calls on EPA for review of Yazoo Backwater Project
- Camgian launches Internet of Things product called Egburt
- MSU reminding fans that drones are prohibited at football games