OEB approves rate changes for Enbridge Gas Distribution Inc.

TORONTO, Dec. 21 /CNW/ - Today the Ontario Energy Board approved changes to the natural gas commodity prices Enbridge Gas Distribution Inc. (Enbridge) charges its customers effective January 1, 2011.

Residential consumers who purchase natural gas directly from Enbridge and use 3,064 cubic meters (m(3)) a year will pay approximately $60 less per year. The change reflects a decrease in what Enbridge forecasts it will have to pay for the natural gas it supplies its customers over the next 12 months and changes to the gas supply cost adjustment refund for the period of January 1st to March 30th 2011.

    
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    Natural Gas Price  Cost Adjustment cents/m(3)  Effective Price cents/m(3)
       cents/m(3)
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        14.4229                 -2.1734                  12.2495
    -------------------------------------------------------------------------
    

Consumers will pay 14.4229 cents/m3 for the natural gas they use between January 1st and March 30th 2011. When combined with the gas supply cost adjustment, consumers will pay an effective rate of 12.2495 cents/m(3).

Every three months, the Board reviews the natural gas commodity prices Enbridge charges its customers and adjusts them if necessary.

For more detailed information about this announcement visit our web site at http://www.oeb.gov.on.ca/OEB/Consumers/Natural+Gas/Natural+Gas+Rates.

The Ontario Energy Board regulates the province's electricity and natural gas sectors in the public interest. It envisions a viable and efficient energy sector with informed consumers and works toward this vision through regulation that is effective, fair and transparent. For more information on the Board, please visit our web site at www.oeb.gov.on.ca or contact the Consumer Relations Centre at 416-314-2455 or toll-free at 1-877-632-2727.

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For further information: Media Inquiries, Vanda Wall, Ontario Energy Board, 416-544-5171; Public Inquiries, 416-314-2455 Or 1-877-632-2727