Amadeusz Juskowiak

Panhandles pel trunkline reduces gas rates

Panhandle Eastern Corps Trunkline Gas Co pipeline subsidiary said it is reducing the commodity component of its wholesale natural gas rate four pct effective immediately

In a filing with the Federal Energy Regulatory Commission Trunkline said it is reducing its commodity rate the portion of the total rate based on the price of gas to 258 dlrs per mln Btu from 269 dlrs per mln Btu

The company said the lower rate results from a reduction in the average price the pipeline is paying for gas adding this reflects contract reformation agreemats with producers