By Jim Stanford on February 14, 2012
Last week, amid constant reports about Gov. Matt Mead and Wyoming lawmakers having to cut the state budget because of the low price of natural gas, utility bills arrived from Lower Valley Energy. While using about the same amount of energy as last winter, I seemed to be paying slightly more for gas, which struck me as a disconnect.
Well, Lower Valley has caught up to the market changes. The cooperative has reduced its rate for natural gas by 12.9 percent, to $1.13 per therm, effective Feb. 1. LVE informs of the change in a letter residents should be receiving this week, spokesman Brian Tanabe said.
So, after a late cold spell pushed nighttime temperatures below -10 last week and sent heating bills rising, residents will get some relief.
The new rate still doesn’t match the nearly 70 percent drop in gas prices over the last four years, but pricing is complex, Lower Valley has to lock in advance supply contracts, and someone (not LVE, as a member-owned cooperative) has to make a gazillion dollars at our expense.
(Photo by David Stubbs)