News / Utah / 

PSC Orders Rate Cut for Natural Gas

PSC Orders Rate Cut for Natural Gas



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) -- A rate cut for natural gas in Utah takes prices back to pre-Katrina levels.

The Utah Public Service Commission ordered the rate cut effective today, saving residents $64.38 a year.

That brings gas rates back to 2005 levels before hurricanes Katrina and Rita knocked out about 20 percent of the nation's natural gas production in the Gulf Coast. The hurricanes sent prices soaring, but production is higher now.

Utah's natural gas customers pay some of the lowest gas rates in the lower 48 states, but those prices can be volatile.

Questar says its natural-gas costs are down for the second winter in a row. It didn't object to the rate cut -- gas is a regulated commodity and prices are controlled by the PSC.

Questar supplies gas at cost to customers, with about half of those supplies coming from the company's own leased gas fields in Wyoming. The utility says Utah customers pay about half the national average for natural gas.

------

Information from: The Salt Lake Tribune

(Copyright 2007 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics

Utah

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast