February 7, 2006, Columbia, SC - SCE&G today received approval from South Carolina's Public Service Commission to reduce the purchased gas portion of customers' natural gas bills by 4 percent. The monthly bill of a residential customer using 100 therms of natural gas will drop from about $175 to about $168 – a decrease of around $7.
This is the second recent decrease for SCE&G customers; the company reduced its natural gas rates 3.6 percent Jan. 13. The adjustments reflect a decrease in the cost the company is paying for wholesale gas.
"Mild winter weather and record storage levels for natural gas have helped push wholesale prices to more favorable levels than what we saw just a few months ago," said SCE&G Vice President of Gas Operations Marty Phalen. We're pleased that we're able to share the benefit of that with our customers."
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.