BUSINESS BRIEF
Columbia Gas lowers rates for March users
3/1/2014Columbia Gas of Ohio Inc. said Friday it will charge customers 61 cents per 100 cubic feet of natural gas in March, a decrease of 7 cents from February’s rate. The new rate is based on the New York Mercantile Exchange’s closing price of 49 cents per 100 cubic feet, plus 13 cents for a state-approved service fee.
A year ago, the March rate was 50 cents per 100 cubic feet. With the new rate, the average residential bill will be $125.82 in March, the gas utility predicts. A year ago, the average bill for March was just $97.19.