The North Carolina Utilities Commission on May 29 approved two rate changes for Piedmont Natural Gas Co. Inc. that are expected to result in a monthly decrease of $1 for residential customers.
A cut to the Integrity Management Rider will reduce rates 44 cents/Dth for residential customers and by 26 cents/Dth for small and medium general-service customers, according to a news release. The benchmark commodity cost of natural gas will increase to $2.75/Dth from $2.50/Dth.
The two rate changes are estimated to lower a residential customer's billing rate by 19 cents/Dth, effective June 1. The changes will be the Duke Energy Corp. subsidiary's fourth rate decrease in North Carolina in 2018. The latest reduction amounts to a total monthly decrease in 2018 of approximately $6 for the average residential customer, according to Piedmont.
