East / Regional Reports

Some Gas, Electric Rates May Decrease for the Winter Season

October 2, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
HAMPTON, NH — Some New England contractors’ customers will get a bit of relief in their heating bills this winter.

Unitil Corp. announced that its wholly owned subsidiary, Fitchburg Gas and Electric Light Co. (FG&E), filed for a decrease in its Cost of Gas Adjustment rates with the Massachusetts Department of Telecommunications and Energy (MDTE). Pending MDTE approval, the proposed rates would go into effect for the winter period from Nov. 1, 2001-April 30, 2002. The proposed rate decrease compared, to winter rates in effect last April, ranges from 20% to 31% lower, depending on the rate class. A typical residential heating customer using 150 therms of gas per month will see a winter bill of $142.77, the corporation said. This is a decrease of $44.16, or 23.6% compared to winter rates in effect last April, and a decrease of $23.15, or 14.0% compared to rates currently in effect for the 2001 summer period.

The decrease is primarily due to lower projected gas commodity costs during the upcoming winter period, the company said. As of October 31, 2001, Unitil/FG&E expects to have completed recovery of the under-collection of gas costs, which occurred last winter during the period of extremely high wholesale gas costs.

Unitil is a public utility holding company with subsidiaries providing electric service in New Hampshire and electric and gas service in Massachusetts and energy services throughout the Northeast. Its subsidiaries include Concord Electric Co., Exeter & Hampton Electric Co., Fitchburg Gas and Electric Light Co., Unitil Power Corp., Unitil Realty Corp., Unitil Service Corp., and its unregulated business unit Unitil Resources, Inc

Publication date: 10/01/2001

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Barbara Checket-Hanks

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: John Missell

John Missell, vice president and COO of Spectrum Design, joins the program to discuss how his company has utilized geothermal technologies, and we examine the future of renewable energy resources. Posted on Aug. 15.

More Podcasts

ACHRNEWS

NEWS 08-18-14 cover

2014 August 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con