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PSE&G Cuts Residential Gas Bills This Winter With Three Months of Bill Credits

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file photo Boyd Loving

PSE&G Cuts Residential Gas Bills This Winter With Three Months of Bill Credits
October 23, 2014

Bill credits are in addition to 9 percent reduction on Oct. 1

(Newark, NJ – October 23, 2014) Public Service Electric and Gas (PSE&G) announced today that it is providing a bill credit for the next three months for its residential gas supply customers that will cut the average bill for the typical residential gas heating customer by about 31 percent.  The company will provide its residential customers who purchase gas supply from PSE&G a 28-cents per therm bill credit for usage during November, December and January.

A typical residential gas heating customer using 91 therms in November, 165 therms in December and 165 therms in January would see a total bill credit of approximately $118. Depending on meter reading schedules, many customers will see some of the credit in November, December and January with the remainder in February.

These bill credits are in addition to the reduction the utility has already put into effect on October 1, 2014, which reduced its gas supply rate to 45 cents per therm from 54 cents – its lowest rate in 14 years.

“Since 2009, PSE&G’s residential gas customers have benefitted from steady reductions in the cost of natural gas,” said Jorge Cardenas, PSE&G vice president of asset management and centralized services. “We’re able to provide additional savings this winter given the continued availability of low-cost gas from the nearby Marcellus Shale Formation in Pennsylvania. In addition, our transportation and storage capabilities and the way we manage our pipeline contracts have enabled us to seize this opportunity to once again reduce costs for our customers.

“While there’s no guarantee that these savings will be available in future years, we are pleased to pass them on to our customers as temperatures are dropping and they strive to keep their winter heating bills affordable,” Cardenas said.

PSE&G makes no profit on the sale of natural gas. The utility passes along what it pays for the gas to customers. Costs of natural gas supply account for about half of the customer’s monthly bill.

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PSE&G thanks you for your patience as we work to make Ridgewood Energy Strong.

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PSE&G thanks you for your patience as we work to make Ridgewood Energy Strong.

PSE&G thanks you for your patience as we work to make Ridgewood Energy Strong. This requires closing streets while we install modern gas pipes that better withstand flooding and protect the environment. Please share this news with your friends and family who may be affected. For more about street closures: https://www.pseg.com/family/pseandg/energy_strong/gas_main/ridgewood.jsp

PSE&G to upgrade gas facilities in Ridgewood

With approval of its Energy Strong program, Public Service Electric & Gas Co. (PSE&G) is upgrading gas facilities in Ridgewood on the following streets:

View Detailed Map

Phase 1

Allan Place, Entire Length
Burnside Place, Entire Length
Canterbury Place between Burnside Place and George Street
Cherry Lane between Canterbury Place and Burnside Place
Downs Street between Northern Parkway and Fairfield Avenue
Eldon Court, Entire Length
George Street between East Glen Avenue and Burnside Place
Libby Avenue between Downs Street and Graydon Terrace
Meadowbrook Avenue between Fairfield Avenue and Hohokus Brook
Northern Parkway between East Franklin Turnpike and Meadowbrook Avenue
Olivia Street, Entire Length
Pearsall Avenue between Downs Street and Graydon Terrace
Preston Place, Entire Length
Rose Court, Entire Length
Stuart Street, Entire Length
Thompson Place, Entire Length
Van Buren Street between Northern Parkway and East Glen Ave
Vesta Court, Entire Length

https://www.pseg.com/family/pseandg/energy_strong/gas_main/ridgewood.jsp