Gastonia, N.C., March 30, 2012 … PSNC Energy, a wholly owned subsidiary of SCANA Corporation (NYSE: SCG), announced today that the North Carolina Utilities Commission has approved a decrease to the purchased gas component of the company’s retail natural gas rates effective with April bills. In a separate order pertaining to the company’s request to implement a bi-annual customer usage tracker adjustment, the commission granted PSNC Energy permission to implement a temporary increase in its residential and commercial rates also effective with April bills.
The combined result of the two approved adjustments is an overall decrease of approximately one percent for residential customers. On April 1, PSNC Energy’s winter residential rate will go down from $0.90 per therm to $0.89 per therm.
PSNC Energy, headquartered in Gastonia, N.C., is franchised to serve a 28-county service area in North Carolina. The utility distributes natural gas to approximately 480,000 customers in 96 cities and communities, including the Raleigh, Durham, and Chapel Hill areas in the north central part of the state; the Concord, Statesville, Gastonia, and Forest City areas in the Piedmont; and the Asheville, Hendersonville, Brevard, and Sylva areas in the western part of the state. More information about PSNC Energy is available through the company’s web site at www.psncenergy.com.
SCANA Corporation, a Fortune 500 company headquartered in Cayce, S.C., is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the company’s website at www.scana.com.