MidAmerican Warns of Big Natural Gas Price Increases

(Des Moines, IA) — MidAmerican Energy is warning natural gas customers the cost of heating is going to be a lot more this winter. Spokesman Geoff Greenwood says gas prices on the open market last year were really low and this year it’s the exact opposite. He says global demand is up while production here in the U.S. and storage are down. Greenwood says residential customers can likely expect their total bills to increase anywhere from 46 to 96 percent. He says MidAmerican takes some steps to try and mitigate the price of natural gas by locking in purchase contracts before prices go up.