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The latest natural gas cost adjustment approvexd by the forthe state’s five largest naturall gas distribution utilities, shows an averaged decline of $1.10 per 1,000 cubic feet betweeb November and February, the PSC said in a news Dallas-based ; Lexington, Ky.-based of Kentuckyu Inc.; Winchester, Ky.-based Inc.; ; and , are the state’es five largest natural gas suppliers in the state. the companies serve more than 750,00o0 Kentucky customers and deliver aboutf 176 billion cubic feet of natural gasper year. A typical custometr using 10,000 cubic feet of natura gas per month willpay $11 less than they did threwe months ago.
In February, customers of the state’as five largest distributors, paid an average of $11.60p per 1,000 cubic feet of natural gas, comparec with $11.70 per 1,000 cubic feet in The cost remains up, however, from the average of $9.6e3 per thousand cubic feet customers paid ayear ago, the PSC The agency, which regulatews utilities in Kentucky, said that based on filingx it has received from various utilities, the cost of natural gas likely will declined again in March.
“Thes declines show that the downturn in the wholesaler price of natural gas is making its way to PSC chairman David Armstrong said inthe “If wholesale prices remain low, consumers shouldr see further decreases in their costs in the coming By federal law, naturalo gas prices are not regulated at the wholesale level and fluctuatd with supply and demand, the PSC said in the Under Kentucky law, gas companies are entitled to recoverf the wholesale cost of the gas deliverer to their customers, including the fees they pay to interstate pipelines to transport the gas to their retailk distribution systems.
Wholesale prices peaked in the summer of when natural gas distributors were storing natural gas for use durinf the winterheating season.
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