HOUSTON, April 13, 2015 /PRNewswire/ -- CenterPoint Energy (NYSE: CNP) is decreasing the gas supply rate (GSR) portion of Arkansas customers' natural gas bills beginning with this month's natural gas bill.
The adjustment will lower an April Arkansas residential gas bill using 50 Ccf (hundred cubic feet) of natural gas by more than 14 percent compared to last year. This means a bill that was $65.48 last April is $55.92 this month. Actual bills will vary depending on how much natural gas individual customers use.
Through the GSR, an allowed adjustment to the gas supply charge portion of a customer bill, CenterPoint Energy passes on the cost of natural gas with no markup. The GSR reflects the actual prices the company pays for natural gas.
"The price we pay to purchase natural gas has continued to drop in the last several months," said Walter Bryant, vice president of Gas Operations in Arkansas for CenterPoint Energy. "This is great news for our customers and we are happy to be passing along our savings to them."
CenterPoint Energy works with a variety of natural gas suppliers and buys natural gas throughout the year on a competitively bid basis, a common utility practice to ensure reliable supplies at a reasonable price.
Affordable prices continue to make natural gas a smart choice for the home, the budget and the environment. More details about the benefits of natural gas are available at CenterPointEnergy.com/GasIsBetter.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.
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SOURCE CenterPoint Energy, Inc.