South Jersey Gas Files to Reduce Rates by 1.1%
South Jersey Gas proposed a rate reduction today that would save residential customers an average of 1.1 percent on their natural gas bills.
SJG has filed petitions with the New Jersey Board of Public Utilities that will lead to an overall decrease of $1.44 on a 100-therm monthly natural gas bill. This filing follows a series of other reductions to customers' bill costs over the past two years, including a 10.6 percent rate reduction granted in 2010, a 3.4 percent rate reduction granted in September 2011, and two Basic Gas Supply Service bill credits for $23 million and $20 million issued in April 2011 and December 2011, respectively.
South Jersey Gas is a subsidiary of energy services holding company South Jersey Industries (NYSE: SJI).
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