$5.485/MCF RATE FOR NATURAL GAS
For Immediate Release:
THE CITY OF EUCLID ANNOUNCES LOW FIXED RATE OF
$5.485/MCF RATE FOR NATURAL GAS AGGREGATION PROGRAM
City of Euclid, Ohio (September 16, 2011) – The City of Euclid announces that it has established a fixed rate for natural gas for members of the city’s aggregation program. Residents currently in the city’s natural gas program supplied by IGS Energy will pay a low fixed rate of $5.485 per mcf for all gas billed during the 6 months of November 2011 through April 2012.
Residents and businesses currently in the program do not need to take any action as they will automatically receive this low rate. Mayor Bill Cervenik said, "We are delighted to have been able to strike such a low rate for our residents and small businesses. Our fixed rate is lower than any other comparable offer on the PUCO’s Apples-to-Apples comparison chart and will help residents control their heating costs this winter.”
"We're pleased to continue serving the residents of Euclid and look forward to growing the program’s enrollment,” said Doug Austin, Vice President of IGS Energy. Newly eligible accounts will also receive an opt-out letter from IGS Energy on or about September 25, 2011. Those residents will be added to the program unless they contact IGS Energy and ask not to be included.”
Mark Burns, President of Independent Energy Consultants said, “We've been watching the wholesale natural gas market very closely. With natural gas prices at 6-7 year lows, Euclid’s rates are being set at an excellent time.”
Residents who are served by another supplier may seek enrollment in the city’s aggregation program by calling IGS Energy at 1-800-280-4474 or responding to the letter they receive from IGS Energy. Further, residents served by other suppliers are encouraged to review the terms and conditions of their current supplier agreement before enrolling. New customers to the program must be in good standing and cannot be part of the utility’s Percentage of Income Payment Program (PIPP). For more information, please call IGS Energy at 1-800-280-4474.



