Consumers Energy Reduces Natural Gas Costs, Lowest In Decade
$200 Million In Savings For Michigan Families, Businesses
JACKSON, Mich., March 25, 2013
JACKSON, Mich., March 25, 2013 /PRNewswire/ --Consumers Energy will lower
natural gas fuel costs by 15 percent effective April 1, 2013, as the company
delivers on its promise to provide the best energy value to Michigan families
"We are moving forward with our plan to provide our gas customers with
savings. Consumers Energy has reduced natural gas costs since February 2012
by 26 percent, which is projected to save our customers about $200 million
over the next year. This is the largest price reduction in recent company
history and it's helping Michigan families and businesses," said Tim Sparks,
Consumers Energy's vice president of energy supply operations.
A typical Michigan family saved about $150 as a result of Consumers Energy's
efforts to reduce gas fuel costs over the past year. Annual savings for
businesses and manufacturers can be thousands of dollars due to larger volumes
of gas used in their operations.
Sparks added that "prices charged by Consumers Energy for natural gas are the
lowest they've been in a decade -- since 2003 -- and we are pursuing future
savings. This is a positive signpost for Michigan's economy and the
communities we serve."
Consumers Energy will conduct a webinar for business customers on April 17 on
saving money through lower natural gas prices. Registration for the webinar is
free and available at: www.ConsumersEnergy.com/content.aspx?id=6087
Consumers Energy is uniquely positioned to take advantage of lower-priced
natural gas now available in the U.S. Because of Consumers Energy's massive
storage system -- one of the largest in the country-- the company can
purchase gas when it's lower priced in warmer months, thereby avoiding the
higher-priced spot market in winter months.
Sparks noted that Consumers Energy continues to invest in its natural gas
infrastructure to take advantage of lower-cost supplies, benefiting customers
now and in the future. Projects include expansion and updating of gas
compressor stations and replacement of natural gas pipelines. The company
delivers natural gas to 1.7 million customers in 45 counties in Michigan's
Consumers Energy also provides an easy-to-use calculator to compare its
natural gas fuel costs to other alternative gas suppliers. To learn more,
Consumers Energy, the principal subsidiary of CMS Energy (NYSE: CMS), provides
natural gas and electricity to 6.8 million of Michigan's 10 million residents
in all 68 Lower Peninsula counties.
For more information about Consumers Energy, visit us at
SOURCE Consumers Energy
Contact: Dan Bishop, +1-517-788-2395; or Debra McIntyre-Dodd, +1-517-545-8711
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