Cold Weather and Higher Utility Prices Double Whammy for Consumers

Indiana utility regulators say this winter's colder than normal weather is hitting residents with a double-whammy. Not only are heating bills being inflated by greater energy use due to the cold, but higher natural gas rates are also hitting consumers' pocketbooks.

State utility regulators and industry officials say the rising demand resulting from the frigid weather could push natural gas prices above the level of the winter increases Indiana utilities forecast three months ago.

Frigid temperatures are also driving up natural gas prices and that could mean heating bills will nearly double for many Illinois residents. The cold weather around the country is increasing demand. Natural Gas Supply officials say even a small increase in temperatures would help.