Laclede Gas Seeks 6 Percent Cut in Gas Rates

Photo courtesy of Creative Commons

Laclede Gas on Thursday filed a request with the Missouri Public Service Commission to reduce retail natural gas prices by 6 percent to 54 cents a therm — the lowest rate in nine years.

The dip in prices could save the typical Laclede residential customer $38 over the winter heating season, which runs from November through March, the utility said.

The calculation assumes customers use the same volume of natural gas they did a year ago — one of the warmest winters on record. Actual bills are based on the amount of fuel customers use, so a return to more normal winter temperatures would lead to increased usage and higher bills.

The cost of natural gas makes up about 60 percent of a typical residential customer’s bill. The remainder includes costs for infrastructure, operating and maintenance costs and a profit for the utility.

Read more on St. Louis Post-Dispatch.

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