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CUSTOMERS' GAS BILLS LOWER TODAY THAN 10 YEARS AGO

 CUSTOMERS' GAS BILLS LOWER TODAY THAN 10 YEARS AGO
 MINNEAPOLIS, July 2 /PRNewswire/ -- The annual gas bills being paid


by Minnegasco's typical residential heating customers are about 20 percent lower in 1992 than they were in 1982, according to Phillip Hammond, vice president of gas supply and regulatory administration.
 In 1982, a typical Minnegasco residential customer in Minnesota paid about $736 a year to heat their home with natural gas. Today, heating that same home with natural gas would cost about $555.
 In addition to general decreases in the price of natural gas available in the market, Minnegasco has also aggressively improved its gas purchasing strategies, resulting in additional savings in the cost of gas, Hammond said. He explained that Minnegasco passes on all changes in the cost of gas purchases, as they occur, directly to customers on their monthly bills.
 For example, Hammond explained, Minnegasco recently entered into long-term gas storage and pipeline transportation agreements which allow the purchase of substantial volumes of gas in the summer, for use by Minnesota customers in the winter. He said the new agreements will provide savings of several million dollars each year in Minnegasco's cost of gas, savings that will be passed directly to customers.
 -0- 7/2/92
 /CONTACT: David Kostik of Minnegasco, 612-342-4914 or (pager) 612-538-1234/ CO: Minnegasco; Arkla, Inc. ST: Minnesota IN: UTI SU:


MA -- MN006 -- 6308 07/02/92 16:14 EDT
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Publication:PR Newswire
Date:Jul 2, 1992
Words:234
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