The Missouri Public Service Commission and MGE came to an agreement in a rate case that lowers the fixed monthly delivery charge for residential customers by 23 cents per month.
Starting in May, the rate will drop from $28.10 to $27.87.
The new rate will remain in effect until October.
According to the Missouri Public Service Commission, at that time the monthly charge for a residential customer will go to $23.00 a month.
MGE filed a rate increase in September seeking an increase in annual natural gas revenues of approximately $23.4 million.
Under the agreement, annual natural gas revenues will increase by approximately $7.8 million.
MGE, which is owned by Laclede Gas Company, serves about 500,000 natural gas customers in Missouri.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.