Currently, prices for natural gas remain quite high. While we cannot predict if prices will stay at these levels, we want to keep our customers informed, so you might make any needed energy-efficiency improvements to your home and take other steps to reduce your energy bills.
Prices continue to remain volatile with natural gas futures remaining high.
MidAmerican uses its storage assets in a manner that helps limit our customers' exposure to high daily gas prices. We withdraw more gas from storage when prices are strong, and we reduce storage withdrawals while purchasing more daily gas on the spot market when prices are weak. Additionally, on a daily basis, MidAmerican utilizes its supply and pipeline diversity and flexibility by purchasing the least-cost delivered supply from the various regions in which it transacts business, thereby limiting MidAmerican's customers' exposure to regional price spikes. The PGA is dependent on the market price of gas and, therefore, fluctuates. A basic service charge of a fixed amount per month for such MidAmerican costs as ownership, maintenance and reading of company meters and billing.