CHARLOTTE, N.C. (AP) - A Charlotte utility wants to reduce natural gas rates in North Carolina and South Carolina.
Piedmont Natural Gas is asking regulators in both states to reduce it rates about 5 percent, based on lower wholesale costs for natural gas.
The new rates would go into effect March 1 if approved the North Carolina Utilities Commission and the South Carolina Public Service Commission.
Piedmont spokesman David Trusty says the request also reflects a reduction in demand for natural gas at a time when supply has increased. Trusty says the recession has reduced the amount of natural gas its customers are used.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.