- Associated Press - Thursday, October 16, 2014

PROVIDENCE, R.I. (AP) - National Grid is proposing to cut natural gas heating bills by 8 percent beginning in November.

The Providence Journal reports (https://bit.ly/1gE23RO ) that the utility is seeking approval from the state Public Utilities Commission to cut rates. Spokesman David Graves says National Grid is paying lower prices to its gas suppliers.

He also cited a mid-year adjustment in April when National Grid won permission to raise rates set the previous November to recover from an unusually cold winter.

Graves said when gas prices fell more than projected in the summer, the higher rate brought in more than what the utility needed to recover its increased costs.

Over the past 12 months, a typical homeowner was billed $1,309. If the proposed rate cut is accepted and remains unchanged, that same homeowner would be charged $1,203.

___

Information from: The Providence Journal, https://www.providencejournal.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide