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Monday, December 21, 2009

Price of Natural Gas Could Go Up

The price of natural gas in the province could rise January 1st if Enbridge Gas gets approval from the Energy and Utilities Board for an interim increase on its delivery rate. A hearing is being held in Saint John today.
If approved, delivery rates for residential customers will rise by about 10 per cent until the company gets a formal ruling on its request to make the increase permanent.
But some large corporate clients would see their delivery rates double if the interim increase is approved. The town of St. Stephen is opposed and will talk about the impact a 114 per cent increase on delivery rates would have on the community's two major employers, Flakeboard and Ganong Brothers.