Font Size

Boston Area News

E-mail

Close Window E-mail This Page

NStar To Cut Natural Gas Rates 70%

Required fields are marked with an asterisk(*)

Recipient E-mail:*
- Your Name:*
- Your E-mail:*
Add a Message:
Send me a copy of this e-mail.

Type the characters in this picture:*

Click here to refresh with new letters

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

Print Share + Comments

Mar 16, 2009 2:40 pm US/Eastern

NStar To Cut Natural Gas Rates 70%

BOSTON (WBZ) ―

Click to enlarge 1 of 1: AP

Close

numSlides of totalImages

NStar said Monday that natural gas rates will drop by 70 percent starting in May, enough to save the average customer about $35 a month.

The company has submitted a proposed summer rate of 38 cents per therm, down from last summer's average cost of $1.30.

The rate cut still must be approved by the Massachusetts Department of Public Utilities.

NSTAR Chairman Tom May said the rate cut is in line with a decline of prices on the futures market, reflecting a six-month forecast for the price of natural gas.

The proposed rate also reflects normal differences between winter and summer prices.