WG&L pulls itself out of the red - WALB.com, Albany News, Weather, Sports

WG&L pulls itself out of the red

Albany- High natural gas prices and low demand for heating because of the mild weather put the Water, Gas & Light Department about $400,000 behind budget in December.

But energy costs went down last month helping the department earn $600,000 more than expected.

"The price of natural gas price fell from DEcember to January. It went from $7.90 per a thousand cubic feet to $6.20 per thousand cubic feet. So that save us a good bit of money of the natural gas side," said WG&L Financial Advisor John Vansant, Jr.

And that means customers will pay a little less next month for natural gas.

posted by dave.miller@walb.com