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OEB approves rate changes for Union Gas Limited


News provided by

Ontario Energy Board

Dec 17, 2010, 17:05 ET

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TORONTO, Dec. 17 /CNW/ - Today the Ontario Energy Board approved changes to the natural gas rates Union Gas Limited (Union) will charge its customers effective January 1, 2011.

The natural gas commodity price consumers will pay for the period of January 1st to March 30th, 2011 are as follows:

Rate Zone Natural Gas Price ¢/m3 Gas Price Adjustment ¢/m3 Effective Price ¢/m3
Fort Frances 14.1207 -2.3296 11.7911
Northwestern 14.1996 -2.3296 11.8700
Northern 14.3036 -2.3296 11.9740
Eastern 14.3931 -2.3296 12.0635
Southern 14.3931 -0.9036 13.4895

Residential consumers who purchase natural gas directly from Union and use 2,600 cubic meters (m3) a year will pay approximately $0 to $9 less per year depending on which of Union's five rate zones they live in. The change reflects a decrease in what Union forecasts it will have to pay for the natural gas it supplies its customers over the next 12 months, as well as changes to the gas price adjustment, and other related adjustments for the period of January 1, 2011 to March 30, 2011. The gas price adjustment represents the difference between actual gas commodity prices and the prices that were forecast last quarter.

For more detailed information about this announcement visit our web site at http://www.oeb.gov.on.ca/OEB/Consumers/Natural+Gas/Natural+Gas+Rates. 

The Ontario Energy Board regulates the province's electricity and natural gas sectors in the public interest. It envisions a viable and efficient energy sector with informed consumers and works toward this vision through regulation that is effective, fair and transparent. For more information on the Board, please visit our web site at www.oeb.gov.on.ca.

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For further information: For further information:

Media Inquiries Public Inquiries
Vanda Wall Consumer Relations Centre
Ontario Energy Board 416-314-2455
416-544-5171 Or 1-877-632-2727

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