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NATURAL GAS COSTS TO DECREASE FOR 12TH STRAIGHT QUARTER

 NATURAL GAS COSTS TO DECREASE
 FOR 12TH STRAIGHT QUARTER
 CLEVELAND, June 30 /PRNewswire/ -- East Ohio Gas Company customers could see a less than 1 percent decrease in natural gas costs for the next three months, the 12th straight quarterly decrease, under a gas cost recovery (GCR) adjustment, filed today with the Public Utilities Commission of Ohio.
 The company has requested a decrease of 1.4 cents per thousand cubic feet (MCF) in the gas cost portion of its rates, effective August 11. A typical residential customer could expect an average decrease of 6 cents per month. The new GCR rate of $2.665/MCF, a 0.3 percent decrease, will remain in effect until November 6.
 "This latest GCR decrease demonstrates East Ohio Gas' continuing commitment to provide natural gas at the most economical prices for our customers," said Patrick A. Carney, vice president of public affairs.
 The GCR, which accounts for about two-thirds of a customer's bill, is adjusted quarterly to reflect the actual cost of the natural gas. The company does not earn a profit on this GCR component, passing along gas costs directly to its customers.
 Carney attributed the GCR decrease to the availability of abundant natural gas supplies. East Ohio Gas' storage facilities also enable the company to buy large quantities of natural gas when prices are relatively low. The company then passes along these savings to its customers.
 With the latest reduction, East Ohio Gas will have decreased the GCR by a combined 80.8 cents per MCF over the last 36 months. Once the new GCR is in place, East Ohio Gas customers' rates will be lower than in the summer of 1982.
 Cleveland-based East Ohio Gas is the largest subsidiary of Consolidated Natural Gas Company, headquartered in Pittsburgh. The 2,500 employees of East Ohio Gas serve more than one million residential, commercial and industrial customers in 270 northeast Ohio communities.
 -0- 6/30/92
 /CONTACT: Neil Durbin of The East Ohio Gas Company, 216-736-6239, or 800-556-4400, toll-free in Ohio/ CO: East Ohio Gas Company ST: Ohio IN: UTI SU:


BM -- CL010 -- 5166 06/30/92 12:19 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
Words:356
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