Gas rates lowered for customers of Laclede Gas

JEFFERSON CITY, Mo. -- More than 632,000 natural gas customers of Laclede Gas Co. will see lower rates this winter under a decision by state regulators.

The decreases, which took effect Monday, will reduce customers' bills an average of $235 this winter, the Missouri Public Service Commission said Monday. The new rates are effective through the end of the winter period in March.

The lower rates affect customers in St. Louis city and county as well as Butler, St. Charles, Iron, Franklin, Jefferson, Madison, St. Francois and Ste. Genevieve counties.

Between 60 percent to 70 percent of a customer's natural gas bill reflects the cost of natural gas from wholesale suppliers. The PSC approves retail natural gas rates but has no authority over wholesale costs.