Utility wants to cut natural gas rates in NC, SC

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.

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