ST. LOUIS, Nov. 9, 2016 /PRNewswire/ -- Wholesale
natural gas prices have increased during the past year and this
will necessitate a natural gas price adjustment for Laclede Gas
customers. Approved by the Missouri Public Service Commission
today, Laclede Gas customers would pay an average of $0.48 per therm* for the cost of gas. The change
reflects an increase in the prices charged by Laclede's wholesale natural gas and pipeline
transportation suppliers during the past year. Compared to last
winter's rates, this would mean an increase of about $4.17 per month, or six percent of the overall
bill for a typical residential customer. Weather and other factors
that affect customer usage may also impact the customer's bill.
"Natural gas remains the most cost-effective heating source for
homes. We work hard to manage all of our natural gas supply
resources in the most efficient manner possible and pass savings
directly on to customers. In fact, this time last year, we were
able to lower the rate for customers because we were paying lower
prices," said Steve Lindsey,
president of Laclede Gas.
For customers looking to pay the same amount on their gas bill
each month, Laclede Gas offers budget billing to all customers. The
free service provides customers with consistent bill amounts
throughout the year. Customers can enroll today and the payment
plan will start on their next billing cycle. To sign up, call
314-621-6960 or toll-free 800-887-4173.
This rate appears on bills as "Cost of Gas" and accounts for
more than half of a typical residential customer bill. The
remaining portion includes pipeline maintenance and upgrade costs,
as well as state and local taxes that MGE incurs to deliver that
gas safely and reliably to homes and businesses.
*A therm is a unit of heat equal to burning 100 cubic feet of
natural gas.
ABOUT LACLEDE GAS
COMPANY
Laclede Gas Company has provided safe and reliable natural gas
service to Missouri for more than
150 years. Now including customers from Missouri Gas Energy,
we are the largest gas distribution company in Missouri, delivering some of the nation's
cleanest energy to more than 1.1 million customers. Laclede serves residential, commercial and
industrial customers in the St.
Louis and Kansas City
metropolitan areas and 40 counties throughout Missouri. Laclede Gas Company is a subsidiary
of Spire, traded on the New York Stock Exchange under the symbol
SR. For more information, please visit www.LacledeGas.com.
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SOURCE Laclede Gas Company