Northwest Natural Gas officials have filed a request with regulators to provide one-time bill credits totaling $48 million to customers.
Northwest Natural Gas officials have filed a request with regulators to provide one-time bill credits totaling $48 million to customers.
Wholesale natural gas prices are at a 10-year low, due to a large supply, warm winter and slow economy.
An average Oregon residential customer who uses 91 therms per month from November through March can expect to receive a credit of about $37.
“The natural gas prices we’ve secured in the last several months are substantially lower than what is currently set in our rates,” said Gregg Kantor, NW Natural’s president and chief executive officer. “We’re pleased to be able to get those savings back to customers earlier than our annual gas cost adjustment this fall.”
Read more at The Statesman Journal.
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