April 5, 2012
Atmos Announces Natural Gas Prices to Drop 20% in April
JEFFERSON CITY- To reflect estimated changes in the wholesale cost of natural gas, Atmos Energy Corporation (Atmos) customers will see natural gas rates drop under a filing that takes effect on April 1, 2012.
The Northeast District (Hannibal, Canton, Bowling Green, Palmyra): Residential customers currently pay approximately $0.60 per Ccf of natural gas. Under this filing, the rate will drop to approximately $0.48 per Ccf, a decrease of approximately $0.12 per Ccf. Atmos serves Northeast District customers in the Missouri counties of Clark, Lewis, Knox, Marion, Pike, Ralls and Scotland.
The Southeast District and West Districts will see similar 12-cent price declines, dropping the Southeast price paid by residential customers from approximately $0.61 per Ccf (per hundred cubic feet) of natural gas, and the West District current residential price of approximately $0.54 per Ccf of natural gas.
Kirksville District: Residential customers currently pay approximately $0.62 per Ccf of natural gas. Under this filing, the rate will drop to approximately $0.51 per Ccf, a decrease of approximately $0.11 per Ccf.
Atmos serves Kirksville District customers in the Missouri counties of Macon, Adair and Schuyler.
Approximately 65% to 75% of a customer's natural gas bill reflects the cost of natural gas from wholesale suppliers. The wholesale cost of natural gas (the cost your local natural gas company must pay to its suppliers for natural gas) is not regulated by the Missouri Public Service Commission. The wellhead cost of natural gas is unregulated and is primarily driven by supply, demand and the weather. The Missouri Public Service Commission does conduct an annual regulatory review to ensure that regulated natural gas companies make prudent decisions in securing natural gas supplies for their customers.
Atmos serves approximately 56,300 natural gas customers in Missouri.