Just in Time for Winter: Natural Gas Prices Going Up
On Tuesday, the Oregon Public Utility Commission (PUC) approved rate increases for Oregon’s three natural gas utilities. Increases range from just under 1% for Cascade Natural Gas to nearly 10% for Avista Utilities. Avista is also seeking an additional rate increase of 9.8% sometime in 2015.
The increases are largely caused by exceedingly cold temperatures that occurred during last winter’s polar vortex. While the vortex did not have much effect in the Pacific Northwest, it had a large and significant impact on natural gas prices throughout the country. This caused gas utilities to have...
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