February 6, 2006, Columbia, SC - SCE&G today filed a request with South Carolina's Public Service Commission and the Office of Regulatory Staff to reduce the purchased gas portion of customers' bills. If approved, SCE&G's residential natural gas customers will see a 4 percent decrease to bills rendered on or after Feb. 13. The result will be a reduction of about $7 on the monthly bill of a typical customer using 100 therms of natural gas. The PSC is expected to rule on the request tomorrow.
This would be the second decrease for SCE&G customers in 2006. The company reduced its natural gas rates 3.6 percent just last month. The adjustments reflect a decrease in the cost the company is paying for wholesale gas.
"We're pleased that we can pass these decreases on to our customers," said SCE&G Vice President of Gas Operations Marty Phalen. "The fact that natural gas storage is at record levels should help keep pricing favorable if the mild weather we've had this winter continues."
South Carolina Electric & Gas Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 597,000 customers in 24 counties in the central, southern and southwestern portions of South Carolina. The company also provides natural gas service to approximately 283,000 customers in 34 counties in the state. Information about SCE&G is available on the company's web site at www.sceg.com.