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Elizabethtown Gas to lower natural gas rate for sixth consecutive year

UNION, N.J. – June 1, 2016 – For the sixth consecutive year, Elizabethtown Gas has filed a plan with the New Jersey Board of Public Utilities to lower rates for supplying natural gas to customers.

The company has proposed a $0.0249 per therm reduction in the Basic Gas Supply Service (BGSS) rate for residential and small commercial customers. This would lower the average annual bill of a household using 1,000 therms from $885.10 to $860.20, an annual savings of $24.90.  

The BGSS rate, which is one component of a customer’s natural gas bill, recovers the cost of natural gas supplies Elizabethtown Gas purchases for its customers. The company passes along those costs dollar-for dollar without any markup or profit.

The rate decrease is attributed to historically low natural gas prices, as well as access to low-cost natural gas supplies in the Marcellus Shale region.

If approved, the lower BGSS rate would take effect on October 1, 2016 – just in time for the winter heating season.
 
About Elizabethtown Gas
Elizabethtown Gas, a wholly owned subsidiary of AGL Resources (NYSE: GAS), provides natural gas delivery service to approximately 283,000 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 which owns and operates natural gas utilities, as well as retail energy and services, wholesale services and midstream businesses. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers 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 and ownership and operation of natural gas storage facilities. AGL Resources is a Fortune 500 company and a member of the S&P 500 Index. For more information, visit www.aglresources.com.

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