The $18 million Arkansas Oklahoma Gas got from the lawsuit is reflected in the new cost-of-gas rate.Īrkansas Oklahoma Gas is a subsidiary of Denver-based Summit Utilities, which acquired it in 2017. In February 2021, BP failed to supply natural gas during a winter storm and cold wave that caused 9.9 million people in the United States and Mexico to lose power amid the catastrophic Texas Interconnection grid power crisis. The utility said its customers are benefiting from a successful lawsuit against BP Energy Company for breach of contract. 'As Arkansans are seeing the first cold snap of the season, we are educating our customers on energy costs while also preparing for colder weather.'Īrkansas Oklahoma Gas' Arkansas residential customers - there are around 45,000 in the Fort Smith area - will pay $0.5296 per 100 cubic feet, down 51.8% from last winter, the utility said. 'Historic natural gas production and above-average storage have provided a stable market to power this winter's heating and electric generation needs,' said Marc Eyre, vice president of operations for Black Hills in Arkansas. 2020 it was $0.4405.īlack Hills Energy residential customers in Northwest Arkansas will pay $0.47 per hundred cubic feet, about 33% lower compared to last winter's $0.70 rate, the company said.

The winter rate set in November 2021 was $0.9063, in Nov. Residential customers of Summit Utilities Inc., the largest natural gas utility in Arkansas, will pay $0.7977 per 100 cubic feet, down from the $1.2239 per 100 cubic feet rate set on Nov. The gas supply rate includes what the utility pays its suppliers for natural gas. The utilities are allowed to pass along their gas supply rate - basically the cost of acquiring natural gas - to customers, but they cannot make a profit. The Arkansas Public Service Commission requires utilities to adjust their gas prices each Nov. Winter rates for three of Arkansas' natural-gas utilities will be lower this year, according to Wednesday news releases from the utilities.

Centerpoint energy pay bill