COLUMBIA, S.C. (Dec. 28, 2007) – Because of a decrease to the purchased gas portion of SCE&G's natural gas rates for January, residential customers will see lower bills next month. Customers next month will see a 1.8 percent, or $3.03, decrease from December in their average bills. Compared to last January, residential bills will be lower by 4.58 percent, or $8.31, based on average usage of 105 therms for the month.
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; SCE&G does not profit from this portion of its rates. With PSC approval, SCE&G last year began making monthly adjustments to this part of its rates.
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.