Columbia Gas of Ohio Inc. said Wednesday that its residential natural gas rate for May will be 62 cents per hundred cubic feet.
The May rate is based on a recent closing price of 48 cents per ccf on the New York Mercantile Exchange, plus 14 cents for a state-approved service fee.
The utility said the average bill in May will be $59.69. The April rate was 60 cents per ccf, and the rate for last May was 54 cents, Columbia Gas said.
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