The board filling up summer storage is now paying higher summer natural gas costs for gas stores that we will tap into for a portion of our winter heating season needs. These added costs have to be passed on to consumers. Compounding this situation is slow growth of natural gas production, and an active hurricane season impacting offshore natural gas production, further reducing supply, while demand steadily climbs in the cooler months.
More Quotes from Mike Richard:
That's when we needed to make a run, right there. That's when we needed to make the plays to get it closer.Mike Richard
The costs we incur for paying for natural gas we have to pass on to the customer. We do everything we can to keep prices down because of our customers. One of the things we suggest to our customers is average billing. This is where your bill can be averaged out over 12 months. It is a big help and a good thing to do for our customers.
Mike Richard
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