NJ Natural Gas Proposes 2.1 Percent Gas Rate Reduction

A New Jersey utility says it has submitted filings with state regulators to reduce natural gas rates by 2.1 percent. New Jersey Natural Gas said Tuesday that the reduction is a result of its cost control measures and purchasing strategies coupled with lower natural gas costs. The company said a typical customer should see a savings of about $2.89 a month. The proposed change would be effective Oct. 1. It is in addition to $110 million in reductions through customer refunds and bill credits since October 2009. New Jersey Natural Gas serves nearly half a million customers in New Jersey. AP