PSE&G customers: Gas prices should be dropping again

The price of natural gas is going down, so it's likely your gas bills will be decreasing as well this fall.

PSE&G, the largest gas and electric public utility in New Jersey, announced on Thursday that it plans to lower residents' gas bills by 4%, effective Oct. 1. PSE&G enacted gas supply rate reductions in February and March of this year as well.

The utility filed a proposal with the New Jersey Board of Public Utilities. If approved, the rate will drop by about seven cents per therm (a unit of heat), reflecting a decrease in natural gas market pricing, the utility said.

"This decrease in commodity prices is an opportunity to lower our gas supply rate for the third time this year, providing our customers with relief from current economic pressures," said Dave Johnson, PSE&G's vice presidents of customer care.

When combined with a proposed reduction in the Balancing Charge rate, the moves are expected to offset an increase in the Conservation Incentive Program charge. With all moves considered, if the BPU approves the filed proposals, a typical residential customer would realize a 4% average monthly bill reduction.

A typical customer's bill is expected to be about 34% lower than in 2008, and 47% lower when considering inflation.

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Gallery Credit: New Jersey 101.5

Places in NJ where gun owners have sued to carry a legal gun

New Jersey passed its own law in December, trying to ban legal guns from “sensitive places.”

A federal judge found many of those spots to be legally protected on grounds of armed self-defense, noting in her opinion, “Crowded locations are not sensitive places."

As of June, a federal appeals court granted the state attorney general's request to keep part of the law that bars people from carrying handguns in “sensitive places” in effect.

The decision means handguns cannot be carried in places such as zoos, public parks, public libraries and museums, bars, and health care facilities.

The law bars handguns from being carried in those places as well as schools and child care facilities. The lower court's May injunction did not specify those locations, and the appeals court also didn't remove the prohibition in those places.

Gallery Credit: Erin Vogt & The Associated Press

Categories: New Jersey News