Piedmont Natural Gas filed to further reduce its natural gas sales rates for customers in North Carolina and South Carolina.
The company’s filings mark the second such request in two months. In December, the company requested and received approval to reduce its sales rates for customers in both states effective Jan. 1 as a result of declining wholesale natural gas costs, which Piedmont passes through to customers on a dollar-for-dollar basis.
Filings before both the North Carolina Utilities Commission and the Public Service Commission of South Carolina reflect additional declines in the company’s wholesale natural gas costs.
If approved by the respective commissions, the new rates would begin Feb. 1. Residential customers could see a reduction of about 3 percent from January rates and about 8 percent since the start of the winter period, according to a release.
“The average residential customer in North Carolina and South Carolina would save $10 to $15 over the remaining winter months of February and March,” the company said.
