eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new
NOW LIVE: Eyewitness News: Watch Live Stream

Local

Lower Rates Approved For Three NJ Natural Gas Companies

(Credit: Justin Sullivan/Getty Images)

(Credit: Justin Sullivan/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

TRENTON, N.J. (AP) — Many New Jersey residents will be spending less to stay warm this winter.

The state Board of Public Utilities has approved rate decreases for three natural gas companies. The lower rates were approved last week and take effect on Oct. 1.

BPU spokesman Greg Reinert says there are many factors, including a growing supply of natural gas from drilling in the region. The gas is coming largely from Pennsylvania, as drillers use the often-protested technique of hydraulic fracturing to get gas from deep within the earth.

Rates will drop for customers of PSE&G, Elizabeth Gas Company and South Jersey Gas Company. Residents who use a typical amount of gas are expected to save between $24 and $38 per year, depending on which company they use.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Content On CBSPhilly