PGW $60M Increase to be Offset by Gas Costs

The weight of the nation's credit crisis is about to come down on a new set of victims: Philadelphia Gas Works customers. The municipal-owned utility asked state regulators today for an emergency $60 million-a-year increase in distribution charges, starting Jan. 1, because PGW is worried that it won't be able to borrow as it usually does to make it through the winter.

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