Dominion East Ohio Secures Sufficient Winter
Fuel Supplies; National Natural Gas Prices Higher Than Last Year
CLEVELAND,
Ohio – Dominion East Ohio is ready
to deliver sufficient natural gas supplies for its customers this winter
heating season, so customers can set their thermostats with confidence. Meanwhile,
U.S. Energy Department officials advise customers to expect slightly higher
prices than last year.
Record high oil prices and forecasts of colder
temperatures than last year have affected natural gas prices, but increased
domestic production, high national gas storages volumes and an increase in
imports of liquefied natural gas should help moderate any price gas price increases
this winter, according to the Energy Department.
Dominion East Ohio’s diverse gas supply
sources and its large storage capacity ensure that the company will have sufficient
natural gas supplies to meet its customers’ winter heating needs, noted
President Bruce Klink. As a subsidiary of Dominion, Dominion East Ohio’s
storage system is part of North America’s largest natural gas storage
network.
"Storage gas is close to the market, readily accessible
and extremely reliable," Klink said. "Storage provides greater
flexibility, enabling Dominion to respond quickly to changing customer needs.
For example, during subzero cold snaps, Dominion can withdraw gas readily from
storage to meet customer needs, rather than having to rely on additional deliveries
from interstate pipelines."
Dominion urges customers to practice conservation,
to reduce their winter heating costs. For low-cost and no-cost conservation
tips, check the Energy
Conservation and the Environment section of www.dom.com.
Dominion
continues to urge customers to consider their options under Energy Choice.
Today, about two-thirds of the company’s 1.2 million customers
buy their natural gas from an Energy Choice supplier, while remaining Dominion
East Ohio customers for the delivery, or transportation, of that gas to their
homes or businesses.
Because suppliers roll out new offers come
from time to time, customers should continue to review information available
on the Public Utility Commission of Ohio’s "Apples to Apples" chart.
To get a free copy of the "Apples
to Apples" chart, which compares various supplier offers, contact the
PUCO at 1-800-299-7271 or visit the Commission’s website at http://www.puco.ohio.gov.
Also, the Ohio Consumers’ Counsel updates its "Comparing
Your Energy Choices" chart weekly, and offers the online "Calculating
Your Energy Choices" worksheet, along with general information about
participating Energy Choice suppliers. The OCC's website is http://www.pickocc.org and
the toll-free number is 1-877-PICKOCC (1-877-742-5622).
Dominion is one
of the nation's largest producers and transporters of energy, with a portfolio
of more than 26,500 megawatts of generation, 7,800 miles of natural gas transmission
pipeline and 1 trillion cubic feet equivalent (Tcfe) of natural gas and oil
reserves. Dominion also owns and operates the nation's largest underground
natural gas storage system with about 960 billion cubic feet of storage capacity
and serves retail energy customers in 11 states. For more information about
Dominion, visit the company's Web site at http://www.dom.com.
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CONTACTS:
Media:
Neil
Durbin, (216) 736-6239
or toll-free in Ohio, 1-800-556-4400