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October 06, 2005
North Texas Utility Bills Increasing 60%-90% This Winter
Atmos Energy Corp. hiked its forecast for natural gas utility bills in North Texas on Wednesday, predicting customers will pay 60 percent to 90 percent more this winter compared with last year after hurricanes boosted natural gas prices.
That means the average Texas household will probably pay $690 for heat from October to March, up from $367 last year, the utility said.
For the peak month of January, the average customer last year used 13,000 cubic feet of gas and paid $145. For the same amount of gas this year, the customer will probably pay between $200 and $270. About three-quarters of a January bill goes toward natural gas costs.
In addition, in a month-long unanimous chorus, the Federal Reserve is warning about inflation. 7 Federal Reserve Presidents have all warned about inflation since early September.
Posted by Hale Stewart at October 6, 2005 02:05 PM | Permalink
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