Spokane, WA-based Avista Utilities‘ retail natural gas rates for residential customers in Ohio dropped about 5.7% as the result of periodic adjustments for changes in wholesale gas prices. The tariff was decreased from 41.8 cents/therm to 36.2 cents/therm, based on the changes approved earlier by the Idaho Public Utilities Commission (PUC), providing a decrease of about $3.46 on the average residential customer’s monthly bill. Large commercial customer rates decreased by about 7.3%. Rates are adjusted by the PUC at least once a year based on a purchased gas cost adjustment mechanism, which has shown steady decreases in recent years with the continuing fall in wholesale gas prices.

©Copyright 2012Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.