Columbia Gas to reduce budget payment plan amountsWritten by Toledo Free Press Staff Writers | | firstname.lastname@example.org
Columbia Gas of Ohio said Sept. 29 that a “move triggered by a steep decline in natural gas prices,” will lead the company to reduce the budget payment amount for most residential customers by about $30 per month, or by approximately 22 percent, effective with October bills. For the average residential customer who purchases their gas from Columbia, the monthly budget payment amount will drop from about $133 to about $103, according to a news release. This is the first time Columbia has adjusted budget payment amounts prior to the heating season.
“People are concerned about the unsettled economy and worried about winter heating bills,” said Columbia President Jack Partridge. “Anything we can do right now to provide some relief and stability is absolutely the right thing to do.”
With the reduction, the average residential budget payment amount will be only about a dollar higher than it was last year. A small number of budget payment customers who do not purchase their gas from Columbia may not get a reduction, depending on their contract with their marketer.
Customers will be notified about their budget adjustments through a message on their October bills.
More information about Columbia Gas of Ohio is available at: ColumbiaGasOhio.com.