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Abstract
(CCNMatthews - June 23, 2005) - Enbridge Gas Distribution, a regulated utility, announced today that it has received approval from the Ontario Energy Board (Board) to adjust its prices effective July 1, 2005. The changes include increases in the Gas Supply Charge and the Delivery Charge and a new Gas Cost Adjustment refund. As of July 1, 2005 residential customers who buy the natural gas they use from the utility will pay 26.99 cents per cubic metre for the commodity, based on the combined effect of the Gas Supply Charge and the Gas Cost Adjustment refund.
A new Gas Cost Adjustment refund of 4.10 cents per cubic metre will be in place from July 1, 2005 to December 31, 2005. This replaces the Gas Cost Adjustment refund of 4.51 cents per cubic metre that was in effect from April 1, 2005 to September 30, 2005. The refund is a result of the difference between the actual natural gas costs and the amount collected from customers through the Gas Supply Charge. For the typical residential customer who buys their natural gas from the utility, the refund will amount to approximately $46.