New natural gas formula almost doubles heating costs
By STACEY DANZUSO / Staff Writer, Chambersburg
CHAMBERSBURG, Pa. - The Chambersburg Borough Council approved a new natural gas formula Wednesday that will spread out an average $200 increase for residential customers over the next two years to make up for a nearly $1 million shortfall in the borough gas department.
Jim Crowley, gas superintendent for the borough, approached the council last month about the need for a new formula to calculate the purchased gas adjustment on gas customers' bills.
The new formula will forecast the purchased gas adjustment needed to keep up with the estimated cost of gas. It will spread out the amount under-collected over the next 22 months.
"The only way I can stay a jump ahead is this formula," Crowley said.
The old formula used the price of gas from two months earlier and could not keep up with this winter's skyrocketing natural gas costs.