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


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.

Comments (6)
  • Hendershott
    , contributor
    Comments (1777) | Send Message
     
    !!!
    29 May 2014, 07:15 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    "after a one hundred percent rise this past winter PEG has decided to...
    29 May 2014, 08:04 PM Reply Like
  • JD in NJ
    , contributor
    Comments (1634) | Send Message
     
    I agree with Hendershott. I'd just add !
    29 May 2014, 08:14 PM Reply Like
  • King Rat
    , contributor
    Comments (1726) | Send Message
     
    Even government-mandated monopolies can play nice. Good news here.
    29 May 2014, 09:52 PM Reply Like
  • SoldHigh
    , contributor
    Comments (991) | Send Message
     
    Sorry Obamabots, but domestically-produced oil and gas is ACTUALLY GOOD for the USA and its citizens :)
    29 May 2014, 10:35 PM Reply Like
  • maddynuke
    , contributor
    Comments (333) | Send Message
     
    Absolutely amazing! What would happen if all of the utilities that have/use/distribute natural gas were to reduce their utility customers' bills?? The pipeline would start being built asap. More gas sources would be developed.....
    5 Jun 2014, 04:19 PM Reply Like
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