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.