Natural gas prices will go down by about 3% in June for Xcel Energy’s smaller customers in Colorado based on decreases in the commodity cost of gas, the company proposed in a filing with the Colorado Public Utilities Commission Wednesday. If approved, the price for residential and small business customers will decrease to $0.6188 per therm ($6.19/MMBtu) from $0.6409 per therm ($6.41/MMBtu) this month. The June price is based on the published May indexes, plus or minus charges to true up the prices paid by consumers the previous month with the actual commodity costs incurred. The commodity cost is a straight pass-through. Customers are billed separately for distribution services. An Xcel spokesman said the price is based on three indexes, plus the true-up. NGI’s CIG index for the May bidweek was down 3% at $6.10 from April’s $6.29/MMBtu.

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