PSC: Pontotoc’s natural gas customers overcharged

Customers who buy natural gas from the city of Pontotoc should see lower bills next month.

That’s because the Mississippi Public Service Commission says it has found those customers have been overcharged for years with the city taking in an extra $3.3 million.

“Natural gas is at an all-time low, and the rates were not adjusted to take into account the reduction in natural gas prices,” said Northern District Public Service Commissioner Brandon Presley. “And so the commission does not allow companies to make profits on the gas itself. They can only make funds on the operation and maintenance of the system.”

WTVA
5/16/12