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MGE Files to Reduce Cost of Gas for the Winter Heating Season - KOAM TV 7

MGE Files to Reduce Cost of Gas for the Winter Heating Season

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NEWS RELEASE ISSUED BY MISSOURI GAS ENERGY

MGE Files to Reduce Cost of Gas for the Winter Heating Season

Natural gas remains the most cost effective energy source available for homes

KANSAS CITY, MO (Oct. 17) ? Missouri Gas Energy customers will benefit from lower natural gas costs this winter. Today, MGE filed a request with the Missouri Public Service Commission to lower the Cost of Gas rate to $0.56 per hundred cubic feet of natural gas resulting in a savings to customers of $3.2 million annually.

“Our customers can depend on MGE for safe and reliable natural gas service. They can also depend on us to pass along savings when the price of natural gas drops. Natural gas remains the most cost effective energy source available for homes today. To that end, today’s filing if approved, will save our customers $3.2 million annually,” said Steve Lindsey, president of Laclede Gas Company.

This rate appears on bills as “Cost of Gas” and accounts for nearly 60 percent of a typical residential customer bill. This represents the cost that MGE pays for natural gas. The remaining 40 percent is made up of the infrastructure, operating and maintenance costs MGE incurs to deliver that gas safely and reliably to homes and businesses.

ABOUT MISSOURI GAS ENERGY

Missouri Gas Energy has provided natural gas service to the residents of the Kansas City metropolitan area and western Missouri for nearly 150 years. Now owned by Laclede Gas Company, a subsidiary of The Laclede Group, Inc. (NYSE:LG), we are part of the largest gas distribution company in Missouri, delivering natural gas to more than 1.1 million customers. Missouri Gas Energy serves residential, commercial and industrial customers in 30 counties. For more information, please visitwww.MissouriGasEnergy.com.

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