ARKANSAS, USA — On the same day federal energy trackers predicted a significant decrease in the cost of natural gas, Summit Utilities announced that its 425,000 Arkansas customers can expect smaller bills.
The company, which acquired the Oklahoma, Arkansas and Texas assets of CenterPoint Energy early last year, said Tuesday that with costs dropping across the country, its residential customers can expect a 69.5 cent rate per cubic foot of natural gas, down 43% from last winter’s rate and down nearly 27% from last summer.
Under Arkansas Public Service Commission rules, utilities in the state adjust the cost of gas at the start of November and the start of April each year. Utilities do not profit from higher gas prices.
To read more about the decrease in costs, visit our content partners at Arkansas Business here.
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