UGI Seeks To Increase Rates 13.5% By Year’s End

After dropping steadily for the past five years, natural gas prices have finally reached the point where it is no longer profitable for companies to produce the abundant clean-burning fuel.

Natural gas prices for about 90,000 Berks County users started tumbling Dec. 1, 2008, when UGI requested a 16 percent decrease.

But now the low prices, an unusually cold winter and an improving economy have prompted UGI Utilities Gas Division to request a 13.5 percent rate hike.  The requested hike comes in two parts: increases of about 7.2 percent June 1 and about 5.9 percent Dec. 1.

Read more:  http://readingeagle.com/article.aspx?id=477949

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