PSE&G Says It Will Lower Gas Heating Prices for Customers This Fall -- Market Talk
Dow Jones06-05 22:08
10:08 ET -- Public Service Enterprise Group says it is planning to lower residential gas heating bills by 5% starting in October, despite climbing gas prices. The energy company says it monitors energy markets and forecasts demand to secure natural gas ahead of peak heating seasons. The long-term planning approach to procuring natural gas helps reduce the company's exposure to market volatility, PSE&G says. PSE&G says it buys much of its supply months or even years in advance. The announcement comes as the war in Iran continues to drive up gas and oil prices. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
June 05, 2026 10:08 ET (14:08 GMT)
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