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Falling natural gas prices lower gas bills for CenterPoint Energy customers in Oklahoma beginning next month
CenterPoint Energy passes on natural gas price decreases

 HOUSTON – March 26, 2012 – CenterPoint Energy is decreasing the gas supply rate (GSR) portion of Oklahoma customers’ natural gas bills beginning next month.

The adjustment will lower an average April Oklahoma residential gas bill using 40 Ccf (hundred cubic feet) of natural gas by more than 20 percent compared to last year. This means a bill that was $51.76 last April will be $40.93 next month. Actual bills will vary depending on how much natural gas individual customers use.

Through the GSR, an allowed adjustment to the gas supply charge portion of a customer bill, CenterPoint Energy passes on the cost of natural gas with no markup. The GSR reflects the actual prices the company pays for natural gas.

“The price we pay to purchase natural gas has continued to drop in the last several months,” said Bruce Coogler, vice president of Gas Supply for CenterPoint Energy. “We are happy to be passing along savings to our customers; lower gas prices coupled with warmer than normal weather means lower gas bills for our customers.”

CenterPoint Energy works with a variety of natural gas suppliers and buys natural gas throughout the year on a competitively bid basis, a common utility practice to ensure reliable supplies at a reasonable price.

Affordable prices continue to make natural gas a smart choice for the home, the budget and the environment. More details about the benefits of natural gas are available at CenterPointEnergy.com/GasIsBetter.