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Gastonia, N.C. (Oct. 31, 2017) – PSNC Energy customers will see their natural gas rates decrease about 2.3 percent after the North Carolina Utilities Commission approved a reduction to the purchased gas component of the company’s retail natural gas rates, effective Nov. 1.
Customer bills will decrease about $2.20 per month based on average usage of about 88 therms per month during the heating season.
“Wholesale natural gas prices have continued to be low, and as such, we are glad to pass along these savings to our customers, especially during the heating season,” said PSNC Energy Vice President of Operations George Ratchford.
PSNC Energy does not earn a profit on the “cost of gas” component of its natural gas rates. The adjustment is passed directly to customers in accordance with state regulation so that the company can recover its costs associated with purchasing the fuel.
PSNC Energy is a wholly owned subsidiary of SCANA Corporation (NYSE:SCG).
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 more than 550,000 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 psncenergy.com, Twitter and Facebook.