Peoples Gas System Customers to Get $3 Million Refund

The 334,000 customers of the Peoples Gas System utility company will receive refund payments totaling $3 million, thanks to a settlement agreement with the Office of Public Counsel agreed to Tuesday by the Public Service Commission.

PGS earnings over the 11.75 percent authorized by the PSC will be returned to the company's customers throughout Florida. Customers using a certain amount of gas will receive a one-time credit of $3.74 on their March bill.

"In todays economy, PGS and OPCs settlement had the right focus working together to reach agreement and giving back to customers. My colleagues and I agreed that refunding customers, when possible and appropriate, benefits the customer, the community, and the company," said PSC Chairman Art Graham.