SALT LAKE CITY — Questar Gas Wednesday asked the Public Service Commission of Utah to reduce natural gas rates by $13.3 million.
If approved, the rate cut will lower the typical homeowner’s annual bill by about $11.44 per year, or 1.68 percent, beginning Sept. 1.
“The price we pay to buy gas for our customers is about as low as it’s been in a decade,” said Craig Wagstaff, executive vice president and chief operating officer for Questar Gas. “Abundant supplies of natural gas nationwide have resulted in an oversupply. This is good news for consumers, and once again we’re able to lower our rates, which are already among the lowest in the U.S.”
Wagstaff cautioned, however, that natural gas prices can fluctuate with changes in supply and demand.
- Low gas prices are great, but could be...
- Sony broadly releases 'The Interview' in...
- Selling gold, precious metals part of...
- Dave Ramsey says: Make the most of a...
- Wal-Mart tests gift card exchange
- What are people gifting this year? Data from...
- Freelancing: The new way to work
- Bad Santa? 5 tips to tackle your holiday gift...
- BBC exposes inhumane working conditions... 6
- Sony announces limited release for 'The... 5
- Survey finds fewer women working now... 5
- What people never mention when they... 3
- About Utah: They're best in the world 3
- Low gas prices are great, but could be... 2
- California puzzles over safety of... 1
- US home sales dropped sharply in November 1