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NATURAL GAS COSTS TO RISE OVER NEXT THREE MONTHS

 CLEVELAND, April 7 /PRNewswire/ -- East Ohio Gas customers could see a slight increase in natural gas costs over the next three months, beginning in May. Customers could see an increase of 2.3 percent in their total bills, due to the company's quarterly gas cost recovery (GCR) filing made today with the Public Utilities Commission of Ohio (PUCO).
 The GCR is expected to increase 11.5 cents per thousand cubic feet (MCF) over the current rate of $3.18/MCF. If approved by the PUCO, the new GCR rate of $3.29 would be in effect with bills rendered from May 11 to August 9, 1993. Typical residential customers using 16 MCF during this three-month period can expect to see an increase of approximately 61 cents per month.
 The company files GCR adjustments quarterly, reflecting the actual cost of purchasing natural gas supplies for its customers. The company does not make a profit on the GCR component, passing along these costs directly to customers. The GCR component accounts for two-thirds of a customer's bill.
 Patrick A. Carney, vice president of public affairs, pointed out that this proposed GCR increase is only the third quarterly increase requested in almost four years.
 He attributed the higher natural gas prices to fluctuations in spot market prices due to increased demand during the recent colder-than- normal winter months.
 "Natural gas remains a good energy value in northeast Ohio," said Carney. "While we have seen slight increases in the last three quarters, we believe it is reflective of supply and demand coming more into balance nationally, which is affecting the entire natural gas industry."
 Carney added that supply is plentiful in northeast Ohio. In fact, East Ohio Gas is the largest purchaser of Ohio natural gas, which accounts for approximately 25 percent of its total system supply, Carney said. More than 20,000 wells in Ohio are tied directly into pipelines that East Ohio Gas owns and controls, providing the company a steady, continuous and local source of natural gas.
 Cleveland-based East Ohio Gas is the largest subsidiary of Consolidated Natural Gas, which is 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- 4/7/93
 /EDITOR'S NOTE: A graph depicting Gas Cost Recovery Rates, by years in quarters, is available from East Ohio Gas/
 /CONTACT: Neil Durbin of East Ohio Gas, 216-736-6239 or 800-556-4400, toll free in Ohio/


CO: East Ohio Gas Company ST: Ohio IN: UTI SU:

BM -- CL010 -- 3821 04/07/93 14:03 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
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