Gas prices to heat up this winter, Vectren says

May 15, 2008
Natural gas prices will increase as much as 30 percent next winter over past winter, according to the Evansville Courier & Press, citing Vectren Corp. CEO Niel Ellerbrook.

Prices are rising because customers want an alternative to utilities that use coal, which causes more pollution, Ellerbrook told investors at an annual meeting.

Ten years ago, the cost of natural gas was about $2.50 a dekatherm; it is projected to hit $11.30 next month.

Natural gas prices also will rise because lawmakers are expected to require utilities to cut emissions. That means companies will have to buy equipment to keep pollutants from being emitted from their plants, and the costs will be passed to the consumer.

The Evansville-based utility serves most of central Indiana outside of Indianapolis.

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