National Fuel Lowering Rate by 10 percent

National Fuel is lowering its rates by nearly 10 percent effective Monday.

The monthly bill of a typical residental customer will go from $92 to $83.

National Fuel Communications Manager Nancy Taylor says the decrease is a direct result of a continuing decline in the market price of natural gas.

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Read the full news release here:


The Pennsylvania division of National Fuel Gas Distribution Corporation (National Fuel) has announced a quarterly adjustment to Gas Supply Charges effective November 1, 2010. This decrease lowers the monthly bill of a typical residential customer in northwestern Pennsylvania using 95,000 cubic feet annually from $91.74 to $82.92 or by 9.6 percent.

“This decrease is the direct result of a continuing decline in the market price of natural gas,” said Nancy Taylor, Senior Manager of Corporate Communications. As is the practice for all Pennsylvania utilities, National Fuel projects annual natural gas prices and then performs quarterly reconciliations of actual costs against what had been estimated. National Fuel is required by law to pass any increase or decrease in Gas Supply Charges on to customers with no mark-up or profit.

“Pennsylvania utility companies are permitted to update Gas Supply Charges on a quarterly basis to reflect actual changes in market prices and to pass these costs on to customers,” added Ms. Taylor. “The Gas Supply Charge also includes charges the Company must pay to transport and store gas for its customers. As a result, the Gas Supply Charge on a customer’s bill will never exactly match the spot market price of gas, which reflects only the current daily price of the commodity."

Residential customers who are comparing the Utility costs to offers from other Natural Gas Suppliers will want to note that this brings National Fuel’s residential Price to Compare to $0.65322 per hundred cubic feet. “When choosing a natural gas supplier, it is important to compare the offers carefully to make a wise decision for your household,” said Ms. Taylor.

Utility companies do not set market gas prices and are required to pass these costs on to customers on a dollar-for-dollar basis in the Gas Supply Charge. This differs from the Delivery Service Charge, which represents the utility’s cost of doing business and providing safe, reliable service to customers. These Delivery Service Charges are also regulated by the Pennsylvania Public Utility Commission and have not been increased since January 2007.

Customers are reminded that National Fuel offers a number of programs to help those who are having trouble paying their bills. To find out more about those programs, customers are invited to call National Fuel at 1-800-365-3234 or visit the Company’s website at www.nationalfuelgas.com.

National Fuel serves approximately 214,000 customers in 14 counties in northwestern Pennsylvania.

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