2 N.J. utilities propose rate cuts

South Jersey Gas and PSE&G both have proposed rate reductions that would save residential customers on their gas bills.

If approved, SJG's reduction would save residential customers a total of 20.2 percent on their gas bills.

That would amount to $25.42 on a 100-therms monthly natural gas bill. In addition, residential heating customers will receive a credit of approximately $68 in October.

Meanwhile, PSE&G has proposed to lower residential gas bills this fall by about 7 percent, or about $10 per winter month for a residential gas customer using 100 therms. The company's annual filing with the New Jersey Board of Public Utilities will result in the third bill decrease since Jan. 1, for a total reduction of 18 percent, or $30, since October 2008.