Peoples Gas parent to be acquired in $9.1 billion deal
Trending: Utilities are consolidating and getting bigger.
Peoples and North Shore, already part of a utility holding company headquartered in Chicago, are being bought by a Wisconsin-based utility holding company.
NICOR is owned by a utility holding company with its headquarters in Atlanta.
The acquisition of Peoples is following a trend of consolidation of regional utilities. The leading argument for consolidation is that redundant “overhead” costs can be consolidated. What consolidation usually means is that the local utility is no longer local. Remember that Peoples, NICOR, and ComEd are not competitive companies eking out an unknown profit. They have a monopoly (much like the game!) where they get to recover their set profit margin on expenses incurred in providing their essential service. That is to say, the more they spend on providing their service, the more profit they make which is why regulators approve their costs.
So consolidation means what? Typically, regionalized services by utilities means a loss of stable local jobs accompanied by higher costs. Remember it’s not a competitive industry. They get a regulated return for delivering energy. That’s why reducing costs does not translate to lower energy costs (note; if they spend less, they make less profit). Consolidating accounting, customer service, and management typically results in longer wait times, longer outage times, and higher returns to corporate shareholders.
The good news is that you do have competition for your energy services. Realgy Energy Services offer electric and natural gas service that is consistently below the utility. We compete for your business, by saving you money. And we do enjoy competing with bigger utilities!
Read the full Chicago Sun-Times article: “Wisconsin Energy buying Peoples Gas parent Integrys for $9.1 billion”.
Storage Season is here!
The natural gas you have stored starting April 1st running through October 31st will begin to be added into your monthly natural gas usage from November 1st through March 31st.
You have probably noticed your summer bills were a little higher than normal, this is because Realgy Energy Services has been storing 20% of your natural gas annual usage at the lower summer rates, to be used during the winter months when the demand and more importantly the pricing for natural gas historically increase.
You may be asking do I have natural gas in storage, and if so how much?
If you are a customer of Realgy Energy Services and you live in Indiana or Illinois and are services by one of the following Utilities: Nicor, Nipsco, North Shore and Peoples Gas.
You most likely have natural gas in storage.
To find out how much natural gas you have in storage you can either:
Log into your account and view your account summary
Call one of our customer services representatives at (877) 300 6747
Enjoy the saving that the Realgy Energy Services Storage Program provides and have a wonderful toasty warm winter!
Natural Gas Safety
Natural gas in one of the safest energy sources available; it is non-toxic and has no odor in its natural form. Natural gas will not ignite by itself, but combined with air and a spark it will catch fire.
When not burned completely natural gas produces carbon monoxide (CO), which can cause flu-like symptoms including:
headaches, nausea, dizziness, drowsiness or fatigue, burning eyes, confusion and loss of coordination
Over 10,000 people receive medical treatment and hundreds die each year from carbon monoxide poisoning. In many cases, victims are aware they are not well, but become too disoriented to save themselves. Particularly vulnerable are pregnant women, small children, senior citizens and people with heart or respiratory problems.
It is always recommended to have a working CO detector in your home or business if you use natural gas as an energy source.
In its natural state natural gas has no smell, so your utility company adds a chemical odorant called methanethiol to help make natural gas leaks easier to detect. If you smell rotten eggs, it’s most likely not a well hidden Easter egg, but a natural gas leak, leave the building and call your Utility Company right away. You can find an emergency hotline on most utility invoices if there is not emergency number call the customer service number.
Learn more about Natural Gas Safety and Emergency Procedures:
Nipsco, Stay Safe “Natural Gas Leak Emergencies“
Semco Energy, Safety and Emergency Information “Reporting a Gas Leak”
DTE Energy, Safety “Natural Gas Safety”
Citizens Gas, Safety “If You Smell Gas”
Michigan Gas Utilities, “Emergency Procedures”
Nicor Gas, Safety “Emergency Information”
Consumers Energy, Safety “Gas Leaks and Safety Tips”
Peoples Gas, Safety “Emergency Procedures”
North Shore Gas, Safety “Emergency Procedures”