South Jersey Gas Is Giving Customers Belated Christmas Gifts
PHILADELPHIA (CBS) -- South Jersey Gas will be giving its customers a credit on their January bill.
The utility company notified the state's Board of Public Utilities today that it is providing a bill credit of approximately $20 million to residential and small business customers.
This means the average customer will save about $58.00 next month.
The company provides service to about 370,000 customers in South Jersey, including portions of Atlantic, Gloucester, Burlington and Camden counties.
The credit is in addition to a 10.3% rate reduction that took effect in October.
South Jersey Gas said it's able to offer the credit because of lower wholesale natural gas prices and management of its gas supply.
"With the availability and close proximity of Marcellus Shale gas to our service area, wholesale natural gas prices have steadily declined and remain low, providing us with the ability to offer this bill credit to our customers. We're very pleased that we are able to provide our customers a reduced bill during a colder month when heating costs tend to be higher due to increased usage," said Jeffrey E. DuBois, president of South Jersey Gas.
