Over the last year, the price of natural gas has dropped 35 percent to $2.40 per unit on the open market. I didn’t see a 35 percent rate decrease filed by Puget Sound Energy, but it did file for another annual increase.
From its peak, natural gas has dropped dramatically, by 80 percent, over the last five years. How many rate decreases have we experienced during that same period? Should there be some correlation between the price of natural gas and utility rates?
Every year, PSE files for a 6 to 10 percent increase, knowing it will be reduced slightly …