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Piedmont Natural Gas to lower rates

Piedmont Natural Gas said Friday it has asked for approval to reduce its rates for customers in the Carolinas for a second consecutive month.

If utilities commissions in both states approve, Piedmont’s rates would go down Feb. 1. The new rates would be 3 percent lower than January rates and about 8 percent lower than at the start of winter.

Residential customers would save $10 to $15 over the remaining winter months of February and March, Piedmont said. The rate reductions reflect a continuing drop in the wholesale cost of natural gas. Bruce Henderson