KANSAS CITY, Mo. Customers of Missouri Gas Energy will pay about 7 cents less per hundred cubic feet of gas if regulators approve the utility’s application to lower rates.
MGE filed a request with the Missouri Public Service Commission to lower its cost of gas from about 79 cents to just under 72 cents per hundred cubic feet.
The utility, a division of Southern Union Co., says the reduction reflects drops in the market price of wholesale natural gas and interstate pipeline, transportation and storage fees. MGE says it doesn’t make a profit on the wholesale price of natural gas, just its delivery.
MGE spokesman Jason Fulp says the reduction might not be immediately apparent as gas bills drop with rising spring temperatures.