COLUMBIA, S.C. (Nov. 27, 2007) – Despite a slight increase to the purchased gas portion of SCE&G’s natural gas rates for December, residential customer bills next month will be 2.84 percent lower than they were a year ago.
Purchased-gas costs account for about 70 percent of a customer’s overall gas bill and are a direct pass-through of what SCE&G must pay on the wholesale market to purchase and transport natural gas to its customers. These costs may be adjusted monthly on customer bills. SCE&G does not profit from this portion of its rates.
While customers next month will see a 1.65 percent increase from November in the cost per therm, bills this December will still be $3.63 lower than last December based on average usage of 72 therms for the month.
SCE&G is a regulated public utility that provides natural gas service to approximately 297,000 customers in South Carolina. The company also is engaged in the generation, transmission, distribution and sale of electricity to approximately 636,000 customers throughout the state. Information about SCE&G is available on the company’s web site at www.sceg.com.