Sign In Home Your Account Careers Contact Us
search search
 
About Piedmont
Our Service Territories
Piedmont Careers
Culture of Accountability
Government Relations
Media Library
Calendar of Events
Sustainability
Public Awareness & Safety
Pipeline Projects
Contractors, Dealers & Builders
Supplier Diversity
Our Rates

News Article

Businessweek: Shale Gas $100B Savings to U.S. Exceed Tax Cuts Date Posted: 01/26/2012

Jan. 26 (Bloomberg) - Natural gas prices that slumped to a 10-year low this month could save U.S. consumers $16.5 billion on home energy bills over the course of a year, according to a senior economist at the U.S. Federal Reserve.

U.S. households might see total savings from lower gas prices of as much as $113 billion a year through 2015, including tack-on effects such as lower product prices and higher wages generated by cheaper fuel, according to energy industry consultants IHS Inc.

The projected savings is “an unbelievable amount of money,” said Greg Ebel, chief executive of Spectra Energy Corp., during a Jan. 17 interview. “That’s better than any tax cut you’ve seen out there, better than any government handout.”

Read the full article at Businessweek.com.

news articles
Customer Service
 
Start, Stop or Transfer Service
   
Send us a message
   
Make a payment
Share the Warmth
Our Leadership