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PEOPLES GAS SEEKS RATE CHANGE

 PITTSBURGH, March 2 /PRNewswire/ -- The Peoples Natural Gas Company today filed with the Pennsylvania Public Utility Commission (PUC) for an increase in rates associated solely with the purchase of natural gas, it was announced today.
 The filing is a necessary gas cost recovery request and represents no increase in profits for Peoples Gas. Under PUC regulations, Peoples Gas, like all gas utilities in Pennsylvania, is allowed to annually file for a gas cost rate adjustment.
 "Key factors in this request are costs associated with the implementation of new federal regulations," according to William E. McKeown, director, rates for Peoples Gas. "Increased costs generated by the Federal Energy Regulatory Commission's (FERC) Order 636 represent about 98 percent of the total increase requested." Order 636 is designed to further deregulate the natural gas industry and increase competition.
 "While an increase in rates is necessary to meet the new requirements, Peoples remains committed to low-cost energy supplies for its customers," said McKeown.
 "Peoples' proposed gas costs will have risen only 8.9 percent in the last eight years," added McKeown.
 If approved by the commission, the revised rates will become effective on Oct. 1, and will represent an $8.17 increase per month for the average residential customer using 137 mcf (thousand cubic feet) per year.
 McKeown also said the company recognizes that any rate increase can have a particular impact on customers living on a low or fixed income. Anyone having difficulty paying their gas bill is encouraged to contact their local Peoples Gas office to find out about special customer programs.
 Peoples Gas provides natural gas service to 313,531 residential, 22,297 commercial and 178 industrial customers in 16 counties throughout southwestern Pennsylvania.
 -0- 3/2/93
 /CONTACT: Elmore Lockley, 412-497-6742 or Steve Dishart, 412-497-5614, both of Peoples Natural Gas/


CO: The Peoples Natural Gas Company ST: Pennsylvania IN: UTI OIL SU:

KC-CD -- PG006 -- 1999 03/02/93 13:30 EST
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Publication:PR Newswire
Date:Mar 2, 1993
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