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
- Source: Bryant has offered Glenn McCullough MDA job
- College Board names Glenn Boyce as higher education chief
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- Deepwater Horizon Five Years Later — Restoring the Mississippi coast starts with a strong foundation
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- THE SPIN CYCLE — Key results from Pew’s social media survey