Natural gas customers brace for higher bills - WALB.com, Albany News, Weather, Sports

Natural gas customers brace for higher bills

January 27, 2005

Albany-- Albany Water, Gas, and Light is paying about twice as much for natural gas as it did two years ago.

WG&L depends on customers to recoup those costs. But customer usage is way down because of the recent mild weather. So the city utility is about $400,000 below budget.

Natural gas prices are finally going down, but not fast enough. "We're on a pace in January to sell even less gas than we did in December," said WG&L Board memberJohn Vansant, Jr. "The price has swung in our favor, but demand has come way down in January."

WG&L says higher than expect revenues in the light department will offset the gas budget shortfalls. Customers will see higher gas prices this month, but they should go down some by February.

posted at 4:30PM by dave.miller@walb.com