|SourceGas annual cost adjustment filed|
|Written by Holyoke Enterprise|
SourceGas Distribution, LLC recently announced the company has filed its annual Gas Cost Adjustment (GCA) with the Colorado Public Utilities Commission (PUC) for its northeastern service area.
The filing reflects a decrease of 12.08 percent in a residential customer’s total annual bill for the upcoming period which begins Nov. 1, 2009 and continues through Oct. 31, 2010.
In accordance with state law, the company recovers the cost it pays to purchase natural gas on behalf of its customers on a dollar-for-dollar basis, without realizing any profit or loss. The GCA mechanism ensures customers pay exactly the same amount the company paid to purchase natural gas for them. The new rates, if approved, will take effect Nov. 1, and will be reflected in the next billing cycle.
“Clean burning natural gas continues to be the best energy value for customers, offering substantial cost savings over propane and electricity, as well as reliability and convenience,” said Dan Watson, President and CEO of SourceGas.
For customers in the northeastern service area, the new rate will be $0.8052 per therm. Based on average monthly usage of 70 therms, the typical household will now pay an average of about $66.68 per month instead of about $75.85 per month for their natural gas service.
Residential customers who typically use 133 therms in January (when bills are usually the highest) will pay approximately $117.42, a decrease of about $17.42, or approximately 12.92 percent, for their bill in January 2010, compared to January 2009. Small business customers who typically use 252 therms in January will pay approximately $206.45, a decrease of about $33.00, or approximately 13.78 percent, for their January 2010 bill, compared to the same period in 2009.