PSC: Kentuckians Will Pay More For Natural Gas

FRANKFORT, Ky. (AP) - The Public Service Commission is warning that Kentuckians will be paying substantially more for natural gas this winter.

PSC Chairman David Armstrong said Wednesday those prices are
going to drive up home heating costs.

Armstrong said the average Kentucky customer will likely pay about 17 percent more this winter than last for natural gas.

The PSC reported Kentucky's five major natural gas distribution companies expect the average wholesale cost this November to be $11.70 per 1,000 cubic feet. That is up $2.24, or 24 percent, from an average of $9.46 per 1,000 cubic feet a year ago.

Heating systems in roughly 44 percent of Kentucky homes are fueled by natural gas.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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  • by ghettochip Location: richmond on Oct 29, 2008 at 01:44 PM
    i don't get it. natural gas isn't an endangered resource. we have many stores of it right here in KY. i don't want to deplete a natural resource as we have done with oil, but why does the price climb when there is not a shortage? don't the companies understand that this is not in any way helping the economy? it's all about greed, isn't it?
  • by David Location: Georgetown on Oct 29, 2008 at 12:15 PM
    Anyone check the open market prices for Natural Gas lately? Isn't it in the 6-7.00 range, and if it is state regulated, why is this allowed?
  • by Mom Location: KY on Oct 29, 2008 at 11:45 AM
    That's great news-now we can choose from eating, buying medicine, or keeping warm
  • by Conner Cornett Location: Corbin, KY on Oct 29, 2008 at 09:17 AM
    Another devastating blow to Americans, especially the elderly and poor, at the hands of the government and corporate America!


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