Ohio Braces for High Gas Prices
At the end of Oct. 2000, the company’s gas cost recover (GCR) rate will increase from $6.15/thousand cu ft (MCF) to $7.176/MCF, according to a quarterly adjustment filed with the public utilities commission of Ohio. On average, based on the new GRC, company representatives say customers will pay $70/month more from November through January this year, as compared with last year’s prices.
Edgar M. Roach, Dominion East Ohio ceo, said, “Despite significant national market price increases, our company has continued purchasing and injecting natural gas into our storage fields, as scheduled, to ensure that we’ll have sufficient supplies to serve our customers this winter.”
Publication date: 10/09/2000