Reduced Rate | Youngstown Sets Gas Rate For The Year

September 4, 2010 – 12:52 am

Youngstown has signed a new contract for those who participate in its natural gas program with a reduced rate

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Customers will pay a fixed rate of $5.9886 per MCF [a measurement equal to 1,000 cubic feet of gas] for a year beginning in November.

The city selected Vectren Source of Evansville, Ind., which offered the lowest gas rate.

Vectren will replace IGS Energy of Dublin, Ohio, which has the city’s current gas contract.

Those who participate in the city’s natural gas program currently pay $6.39 per MCF.

“Wholesale natural gas prices are at 6-[to]-7-year lows and