Elizabethtown Gas requests gas cost decrease for customersJune 1, 2009
Union, N.J. – June 1, 2009 – Reflecting the decrease in the wholesale price of natural gas, Elizabethtown Gas today filed a petition with the New Jersey Board of Public Utilities to revise its gas commodity cost charge from $1.28 per therm to $0.80 per therm. This will decrease the typical monthly bill (including the base charge) about 28 percent or about 48 dollars per month for a customer using 100 therms. The gas commodity portion of the customer’s bill – about 65 percent of the total bill – is a direct pass-through charge without any mark-up from Elizabethtown Gas.
“Energy costs are declining, including the cost of the natural gas we buy to deliver to our customers,” said Don Carter, vice president, Elizabethtown Gas. “We want to pass that savings onto our customers.”
According to the Energy Information Administration, demand has been hit hard by the weak economy, which reduced the need for natural gas to generate electricity, power factories and make plastics and other products.
“Although natural gas prices are declining, we would like to encourage our customers to take additional steps to conserve energy and lower their monthly energy bills,” said Carter. “Customers who weatherize their homes can help lower summer cooling costs, but also prepare homes for the winter heating season when wholesale natural gas prices usually begin to rise. They should also enroll in an Elizabethtown Gas budget billing program to help make their energy costs more predictable.”
For more information on programs designed to help customers save money on their energy costs visit www.elizabethtowngas.com
About Elizabethtown Gas
Elizabethtown Gas, a wholly owned subsidiary of AGL Resources, provides delivery service to more than 273,000 residential, business and industrial natural gas customers in New Jersey. In operation since 1855, the company serves parts of Union, Middlesex, Sussex, Warren, Hunterdon, Morris and Mercer counties. For more information, visit www.elizabethtowngas.com.
About AGL Resources
AGL Resources (NYSE: AGL), an Atlanta-based energy services company, serves approximately 2.3 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout North America. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com.
Contact: AGL Resources
Tami Gerke
Office: 404-584-3873
Cell: 404-558-2307
tgerke@aglresources.com