PSE&G proposes to lower gas bills by nearly 9%

|By:, SA News Editor

Public Service Enterprise (PEG) is proposing to cut gas bills for its residential customers by an average 8.9% starting in October, thanks to lower rates for natural gas.

PSE&G is aiming to cut its basic gas supply rate by nearly 17% to $0.45 from $0.54, the lowest rate in 14 years.

The drop in rates is attributed in part to the low-cost shale gas supply from the Marcellus Shale, from which the utility purchases its gas.