Natural gas cost forecast for upcoming heating season

Based on normal winter weather and the price of natural gas remaining where it is today on the spot market, we expect the average residential customer to pay $533 in winter heating costs, which would be approximately:

• 3% ($19) less than last winter.
• 16% ($104) less than the most recent 5-year average ($637).
• 25% ($175) less than the most recent 10-year average ($708).
• 39% ($345) less than the most expensive winter (2007/08 -$878).

The expected cost for the upcoming heating season would be less than the cost for 10 of the past 11 winters.