(HARLAN) Harlan Municipal Utilities customers will see a decrease in natural gas pricing.
HMU recently signed a new natural gas commodity contract for the winter of 2012-2013. Tom Gaffigan, CEO at HMU, says, “One of our primary goals as a municipal utility is to find and maintain the lowest possible commodity prices for our customers.”
Two years ago, HMU paid around $5.94 per thousand cubic feet (MCF), which is a typical measuring unit for natural gas. Last winter the cost was around $5.29 per MCF, or almost 11% less than the year before. This winter, HMU has a contract at $4.82 MCF, or 7% less than last year. Next winter, the price per MCF will drop another $0.09 per MCF to $4.71, or almost 2% less. The cumulative decrease over four years means a price drop of about 40% for HMU customers.
Gaffigan said, “After a price spike during the winter of 2008-2009, we’ve seen a downward trend in the cost of natural gas. We constantly monitor futures pricing and when we believe prices are at a level most beneficial to our customers, we place our order. I’m pleased to announce we have signed a contract for the winter of 2012-2013 that is lower than this year. Natural gas for this winter, 2011-2012, is lower than last year”