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Nicor's Business Model Moderates Natural Gas Costs Will Be Way Up this Winter

Nicor Gas customers may have more protection from higher natural gas prices than other utility customers. A lot of the gas Nicor delivers in the winter is pumped during the summer when it costs less. Spokeswoman Jennifer Golz says it’s stored in aquifers until it’s needed. It's blended with the higher cost gas pumped during winter, which mediates the customer's price.

 

 

Customers may not feel certain the business model is working this winter. After a few years of very low gas prices, they’re up by a lot. Nicor paid 23 cents per therm last winter but the cost ballooned to 56 cents per therm over the summer. Golz says Nicor customers who are worried about high bills can contact the company now about bill payment help and payment plans.

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