Equitable Gas customers' bills will soon look a little different because they'll be coming from Peoples Natural Gas. Peoples announced today it is buying Equitable Gas from EQT. Consumer investigator Robin Taylor takes a look at what this means for customers.
The hope is that this will simplify things for customers by streamlining operations, which should lead to lower gas bills.
Taylor talked about the agreement with Morgan O'Brien, the president and CEO of Peoples Natural Gas. O'Brien says rather than having two gas companies in the same area, now there will be just one.
Peoples Natural Gas has roughly 360,000 customers in the Pittsburgh area. Equitable Gas has about 270,000 customers. When the deal goes through, all of those customers will become Peoples Natural Gas customers.
"We're one of the only places in the United States where you could be sitting on a street in Oakland, at the University of Pittsburgh, and one side of the street is Equitable Gas, the other side of the street is Peoples Natural Gas," said O'Brien.
O'Brien says a lot of aging pipes need to be replaced, and it makes more sense to put in one pipe rather than two. Ultimately, that should lead to lower bills. The deal still needs to be approved by the public utility commission.