Rates to drop for Missouri Gas Energy customers

More than 500,000 Missouri Gas Energy (MGE) natural gas customers will see their natural gas rates drop under a filing that took effect on April 17, 2009. This filing reflects estimated changes in the wholesale cost of natural gas for the 2009 summer season.
MGE residential customers currently pay approximately $0.77 per Ccf (per hundred cubic feet) of natural gas. Under this filing, the rate will drop to approximately $0.54 per Ccf, a decrease of $0.23 per Ccf.
This marks the first time since November 2002 that natural gas rates for MGE customers are at approximately $0.54 per Ccf. In June of last year, MGE customers paid approximately $1.04 per Ccf for natural gas.
The PSC continues to encourage customers to work to reduce their energy consumption. A number of energy saving tips can be found on a website (www.beenergyefficient.org) from the Missouri Public Service Commission and the Missouri Department of Natural Resources.
Approximately 65% to 75% of a customer’s natural gas bill reflects the cost of natural gas from wholesale suppliers....
Read the complete story in the April 23rd edition.