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Industry Brief

Lower natural gas prices have prompted Questar Gas to ask the Public Service Commission of Utah (PSC) to approve an immediate $50 million one-time rebate to its customers. If approved, the rebate will reduce the typical customer's May natural gas bill by $40-45, Questar said. Twice a year Questar and the PSC use third-party forecasts of gas prices to estimate how much the utility's rates should be adjusted to cover anticipated gas procurement costs. In November Questar cut gas rates by $63 million (5.3%); last month the utility cut rates another $157 million (16%). Citing the recession, Questar said it wanted to pass the lower fuel costs on to its customers ahead of the scheduled autumn rate adjustment.

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