Columbia reduces gas costs

Published 12:00 am Tuesday, March 1, 2005

Staff Report

Beginning today, natural gas costs will decline by 14 percent for Columbia Gas of Virginia (Columbia) customers.

The reduction results in the typical residential customer paying about $24 per month less than the current cost. The typical residential customer uses about 120 Ccf (cubic feet of gas) per month or approximately 600 Ccf during the winter months, November through March.

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Residential customers using 120 Ccf per month can expect to have a total bill of $143.77 compared to $167.37 in February. The actual amount will vary depending on weather, individual comfort and usage patterns.

Key factors influencing the lower natural gas costs include warmer than normal winter weather and continued higher seasonal storage reserves. Overall, natural gas supply and demand remain in tight balance.