OEB approves rate changes for Union Gas Limited

TORONTO, Dec. 17 /CNW/ - Today the Ontario Energy Board approved changes to the natural gas rates Union Gas Limited (Union) will charge its customers effective January 1, 2011.

The natural gas commodity price consumers will pay for the period of January 1^st to March 30^th, 2011 are as follows:

Rate Zone	Natural Gas Price ¢/m^3	Gas Price Adjustment ¢/m^3	Effective Price ¢/m^3
Fort Frances	14.1207	-2.3296	11.7911
Northwestern	14.1996	-2.3296	11.8700
Northern	14.3036	-2.3296	11.9740
Eastern	14.3931	-2.3296	12.0635
Southern	14.3931	-0.9036	13.4895

Residential consumers who purchase natural gas directly from Union and use 2,600 cubic meters (m³) a year will pay approximately $0 to $9 less per year depending on which of Union's five rate zones they live in. The change reflects a decrease in what Union forecasts it will have to pay for the natural gas it supplies its customers over the next 12 months, as well as changes to the gas price adjustment, and other related adjustments for the period of January 1, 2011 to March 30, 2011. The gas price adjustment represents the difference between actual gas commodity prices and the prices that were forecast last quarter.

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.

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For further information:

Media Inquiries	Public Inquiries
Vanda Wall	Consumer Relations Centre
Ontario Energy Board	416-314-2455
416-544-5171	Or 1-877-632-2727