Natural Gas price going down for Columbia Gas customers

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Natural Gas Dollar Sign

LEXINGTON, Ky. (WTVQ) – Columbia Gas customers should see lower bills due to a decrease in the price of natural gas, according to the company.

Below is the news release from Columbia Gas:

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Columbia Gas of Kentucky has received approval from the Kentucky Public Service Commission (PSC) for its most recent Gas Cost Adjustment (GCA).

Effective May 31, Columbia Gas of Kentucky’s gas supply cost will decrease by 16 percent to $5.0491 per Mcf (1,000 cubic feet) from the current price of $6.0227 per Mcf.

The new gas supply cost will remain in effect until the next scheduled Gas Cost Adjustment in September 2017.

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 Public Service Commission (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.

Columbia officials encourage customers to enroll in the Budget Payment Plan. The Budget Payment Plan spreads winter heating costs throughout the year and allows customers to pay the same amount every month. The Budget Payment Plan begins in May of each year, but customers can enroll at any time by calling 800-432-9345 between 7am and 7pm, Monday through Friday.

Columbia Gas of Kentucky also offers a series of residential energy efficiency programs to help customers save energy. These programs include furnace replacements for eligible low-income customers, free home energy checkups, and rebates on a variety of high-efficiency natural gas heating, water heating and hearth products.

Efficiency requirements and rebate applications are available at columbiagasky.com/rebate.

To request a free home energy checkup, customers should call 800-300-8709 or complete the online request form at www.columbiagasky.com/checkup.

Columbia Gas partners with Community Action Council and its weatherization program for its furnace replacement program. To determine if they are eligible for a free furnace replacement and to register for the weatherization program, customers should call Community Action Council at 800-244-2275.

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Tom Kenny joined ABC 36 News in June of 2001 as a General Assignment Reporter. A native of Peoria, Illinois, he graduated cum laude with a Bachelor of Arts in Mass Communications from Western Illinois University. He currently anchors ABC 36 News at 5pm, 6pm and 11pm. Tom has more than three decades of experience in broadcast journalism. He is the only broadcast journalist in Lexington television history to be honored with a national Edward R. Murrow Award. Tom was recognized for reporting on a story that gave a rare glimpse inside the secretive world of the Federal Witness Protection Program. He has won an Emmy Award for anchoring and another for investigative reporting, exposing the deceit and potential danger of online diploma mills. Tom has ten other Emmy nominations to his credit for investigative and feature reporting. He has won Associated Press Awards for reporting and anchoring. He has won two Addy Awards for excellence in promotional writing. Tom was the first broadcast journalist in Lexington TV history to be awarded the Silver Circle Award by the National Academy of Television Arts and Sciences. It is one of the highest honors given by NATAS. It recognizes television professionals who have performed distinguished service within the television industry for 25-years or more. Tom was honored for more than his longevity, he was recognized for making an enduring contribution to the vitality of the television industry and for setting high standards of achievement. He was also recognized for giving back to the community as a mentor, educator and volunteer. Tom also has network broadcast experience in radio and television having worked as a sports reporter for ESPN, Sportschannel, NBC Sports and the Breeders’ Cup. He was also the studio host and halftime producer for CBS Radio Sports’ College Football Game of the Week and covered the NFL for One-On-One Radio Sports. Prior to joining WTVQ-TV, Tom was Vice-President of the Houston Astros Minor League baseball team in Lexington. He was part of the original management team that brought professional baseball back to the Bluegrass after a nearly 50-year absence. Tom has lived in Lexington since 1984. In that time, he has been heavily involved with dozens of charity and civic groups, with a special emphasis on helping Veterans. He can be reached at tkenny@wtvq.com. You can also follow Tom on Facebook www.facebook.com/TomKennyABC and Twitter @TomKennyNews. Just click on the links at the top of the page.