NEWS RELEASE
June 19, 2009
UNION GAS LOWERS RATES FOR THIRD CONSECUTIVE QUARTER
Customers to save a further 15-20 percent on their annual bill
CHATHAM, ONT – Union Gas today announced another significant decrease in the rates its customers will pay for natural gas beginning July 1. Residential customers* who buy gas from the utility can expect a further 15-20 percent decrease in their annual natural gas bill. This marks the third time this year that Union Gas has reduced rates, which amounts to a total decrease of almost 40 percent (or about $520) since the end of 2008.
"It’s good news for customers that natural gas rates are at their lowest level in almost ten years,” said Steve Baker, vice president, Union Gas. “Natural gas is a competitive energy choice, is environmentally friendly, and continues to cost significantly less than electricity or fuel oil for space and water heating.”
Along with lower rates, Union Gas customers can realize even greater savings by taking steps to improve the energy efficiency of their homes. Energy conservation is an investment that offers savings and environmental benefits that continue year-after-year. More information, as well as conservation tips and tools, are available on the company’s website at www.uniongas.com/energyefficiency.
About Union Gas
Union Gas Limited is a major Canadian natural gas
storage, transmission and distribution company based in Ontario with
nearly 100 years of experience and service to customers. The
distribution business serves 1.3 million residential, commercial and
industrial customers in more than 400 communities across northern,
southwestern and eastern Ontario. Union Gas's growing storage and
transmission business offers premium storage and transportation services
to customers at the Dawn Hub, the largest underground storage facility
in Canada and one of the largest in North America. It offers customers
an important link in the movement of natural gas from Western Canadian
and U.S. supply basins to markets in central Canada and the northeast
U.S. A Spectra Energy (NYSE: SE) company, Union Gas has assets of $4 billion and
approximately 2,200 employees. Visit uniongas.com for more information.
*A typical residential customer in Union Gas’ service territory uses 2,600 cubic metres of natural gas a year for home and water heating. Savings are based on the annual bill for typical residential customers who buy their natural gas from the utility.
CONTACT:
Andrea Stass
Manager, Public Affairs and Media Relations
Ph: 1-800-571-8446 ext. 5490
Cell: 519 365-1010
Fax: 519 436-4621
E-mail: astass@uniongas.com