PSC Lowering Dominion Gas Rates

{Charleston, West Virginia}...The Public Service Commission has announced it is lowering the price of residential gas for Dominion Hope customers by nearly 4 percent, beginning Wednesday. Rates issued by commissioners in October 2011 were less than the amount requested by Dominion.  Friday's order means Dominion will have to drop rates by 25 cents per 1000 cubic feet. Purchased gas adjustment proceedings allow rate adjustments based on an estimate of future costs utilities will pay for their gas. Those estimated future costs run from November 1st to October 30th of the next year. Every year, commissioners adjust gas rates to account for those differences in the cost of gas. Final rates are expected to be set in May.