Columbia Gas to charge 8-yr low rates in December

AP News
Posted: Nov 13, 2009 12:29 PM

Ohio's largest natural gas company says next month's rates will be the lowest for December in eight years.

Columbia Gas of Ohio informed state utility regulators Thursday that it plans to charge 49 cents per 100 cubic feet of natural gas, down from 70 cents a year ago. It means the typical customer will have a $92 December gas bill, compared to $170 for the same month in 2008.

The gas company says it's able to charge so little because gas supplies are plentiful and because commercial customers have cut back on the amounts they're using.