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Unitil announces lower gas rate

FITCHBURG - Unitil Corporation yesterday said its Massachusetts subsidiary, Fitchburg Gas and Electric Light Company, filed an interim decrease in the cost of gas adjustment in response to decreasing natural gas costs.

The new rate was approved by the Massachusetts Department of Public Utilities and took effect on Feb. 1.

Unitil has been under the local microscope since the December ice storm knocked out power to all of its customers, some for as long as two weeks.

The state Department of Public Utilities yesterday held its second hearing on the company's preparations for and response to the ice storm.

The cost of gas adjustment rate normally changes every six months, in November and May, according to Unitil.

Natural gas supply costs have been declining, the company said, triggering the interim rate decrease.

The typical bill for a residential heating customer using 150 therms per month will drop $15.74 per month, or 5 percent, as a result of this filing, according to the company. Bill impacts will vary depending upon rate class and usage.

Cost of gas adjustment rates are adjusted periodically to reflect changes in wholesale supply costs.

Customers concerned about energy bills can contact Unitil at (888) 301-7700 for information about programs that can help moderate energy costs such as low-income discounts, energy efficiency programs and information, and budget billing programs.

From staff and wire service reports
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Title Annotation:BUSINESS
Publication:Telegram & Gazette (Worcester, MA)
Date:Feb 4, 2009
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