Florida City Gas Reduces Gas Commodity Rates by 7 Percent February 3, 2006
HIALEAH, Fla., Feb 03, 2006 -- Florida City Gas (FCG), a subsidiary of Atlanta-based AGL Resources (NYSE: ATG), today announced a 7 percent reduction in the company's purchased gas costs. The reduction, which went into effect Feb. 1, 2006, will save residential customers $4 this month.
"We are always pleased to be able to pass along savings to our customers," said Charles Rawson, vice president and general manager of Florida City Gas. "As a result of recent market conditions, our gas costs are moderating and we want our customers in Miami-Dade, Brevard, St. Lucie, and Indian River counties to benefit from these savings as soon as possible."
FCG makes no money on the natural gas it purchases on behalf of customers. With the 7 percent reduction from the previously filed rates with the Florida Public Service Commission for January 2006, FCG consumers will save $4 on the gas portion of their bill. The average customer using 25 therms per month using rates in effect at the start of 2006 would have been $60.84 in February. Using the rates announced today, the average February bill is projected to be $56.29.
About Florida City Gas Florida City Gas, a wholly owned subsidiary of AGL Resources (NYSE: ATG), serves approximately 103,000 residential and commercial natural gas customers in Florida's Miami-Dade and Brevard counties. For more information, visit www.aglresources.com or
www.floridacitygas.com.
SOURCE: AGL Resources
AGL Resources, Atlanta Martha Monfried, 404-584-3787 (cellular) 404-274-2269 mmonfrie@aglresources.com