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Natural gas price remains steady with increase of less than 1 percent

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LEXINGTON, Ky. (Feb. 26, 2018) – Columbia Gas of Kentucky has received approval from the Kentucky Public Service Commission (PSC) for its most recent Gas Cost Adjustment (GCA). On March 1, Columbia Gas of Kentucky’s gas supply cost will increase from $5.3629 per Mcf (1,000 cubic feet) to $5.4020 per Mcf. The new gas supply cost will remain in effect until the next scheduled Gas Cost Adjustment in June 2018.

Columbia Gas of Kentucky adjusts its gas supply cost quarterly to reflect current market conditions. These quarterly Gas Cost Adjustments are submitted for approval to the Kentucky PSC.

As a reminder, natural gas distribution companies do not earn a profit on their gas commodity costs and Columbia Gas of Kentucky passes the cost along to customers without markup.

A customer’s monthly bill is comprised of two primary components: the gas supply cost and delivery costs. The delivery charges cover the cost of delivering the gas to the customer’s home or business through the company’s pipeline infrastructure, as well as line inspection, repair, 24-hour emergency service, etc. The gas supply cost includes the commodity cost, interstate pipeline charges and storage costs.

For more information visit columbiagasky.com.

 

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