State regulators have approved a rate decrease for Avista Utilities’ natural gas customers, taking effect June 1.
The average bill for a typical residential customer will drop by about $7, or 8.1 percent, to $79.43, the state Utilities and Transportation Commission announced Thursday. In January, the commission approved a 3 percent decrease for Avista customers.
The commission says the rate drop is in response to excess supply caused by a weak economy, resulting in a sharp decline in wholesale natural gas prices.
Spokane-based Avista has nearly 146,000 natural gas customers in 10 counties, primarily in Eastern Washington.
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