LEXINGTON, Ky. â Columbia Gas customers in Kentucky will see an increase in their bills after the company received approval from the Kentucky Public Service Commission (PSC) for its most recent gas cost adjustment.
Columbia Gas of Kentuckyâs gas supply cost, effective March 1, will be $4.4128 per Mcf (1,000 cubic feet), a 3.74% increase over the last quarter. The price represents an expected seasonal increase and will remain in effect until the next scheduled adjustment in June.
Columbia Gas of Kentucky adjusts its gas supply cost quarterly to reflect current market conditions, the company said in a press release, and these quarterly adjustments are submitted for approval to the PSC.
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LEXINGTON, Ky. – Just as the case in Texas, where some customers saw their electric bills soar to nearly $10,000 after the recent winter storm, Kentucky’s natural gas market is not regulated.
What You Need To Know
Kentucky Public Service Commission must approve rate increases
Natural gas industry deregulated in 2000
Federal guidelines also apply in Kentucky
Natural gas is second to coal in source of electricity in the Bluegrass State
The price hike in Texas during the storm that left more than 4 million people without power and heat occurred after a dwindling supply and increased demand and use of natural gas sent prices skyrocketing in a place that rarely experiences such weather. Kentucky is no stranger to cold weather and power outages, and even with the way the natural gas industry operates in the Bluegrass State, there are regulations in place to prevent what’s happening in Texas from taking place in the commonwealth.
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