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Elizabethtown Gas files to lower natural gas supply charge

UNION, NJ – Elizabethtown Gas, a subsidiary of AGL Resources (NYSE: GAS), has filed a petition with the New Jersey Board of Public Utilities to lower rates for supplying natural gas to residential customers. Beginning this winter, typical residential customers could potentially spend an average of 3.6 percent less each month to heat their homes. 
  
Under the proposal, the Basic Gas Supply Service (BGSS) rate would be reduced from the current $0.6663 per therm to $0.6241 per therm, lowering the average monthly bill (including the base charge) of a residential heating customer who uses 100 therms of gas per month from $117.94 to $113.72, a savings of $4.22.  
  
“This country’s abundance of clean-burning, domestically produced natural gas has resulted in declining prices over time and consequently the proposed reduction in the BGSS rate,” said Brian MacLean, vice president of operations for Elizabethtown Gas. “We're pleased to pass along these cost-savings to our customers.” 
  
The BGSS rate is designed to allow Elizabethtown Gas to recover the cost of the gas supplies it purchases for customers. The company passes those costs to customers with no markup or profit and adjusts the rates annually to reflect changes in wholesale natural gas prices. 
  
The new rate, if approved, will take effect Oct. 1, 2013.

About Elizabethtown Gas

Elizabethtown Gas, a wholly owned subsidiary of AGL Resources (NYSE: GAS), provides natural gas delivery service to approximately 276,000 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: GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services, midstream operations and cargo shipping. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves approximately 600,000 retail energy customers and approximately 1.2 million customer service contracts through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management, ownership and operation of natural gas storage facilities, and ownership of Tropical Shipping, one of the largest containerized cargo carriers serving the Bahamas and Caribbean region. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com. 

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