You’ve no doubt seen and heard stories about how natural gas prices are going to impact people around the world this winter. But what’s the impact going to be locally? Mt. Carmel Public Utility President David James was a recent guest on The Morning Show and he dispelled one misconception…

As for your family’s or business’s budget, James said prices are running two to three times more to the highest level since 2008….

James pointed out that the price of natural gas is a pass thru cost and Mt. Carmel Public Utility does not benefit from the increase. He said no utilities profit from the mark up of natural gas prices. The Illinois Commerce Commission has oversight over MCPU and all other utilities in the state to make sure natural gas purchases are prudent with the best price available. James said it’s more important than ever to make sure your home, appliances, and heating system are energy efficient.