Electric rates, summer temps not falling along with fuel costs

In this June 9, 2008, file photo, Charles Brinkley, left, and John Lerro, with Great American Heating and Air Conditioning, Inc., install an air conditioner in Chevy Chase, Md. A sharp decline in the price of natural gas makes it much cheaper for U.S. utilities to produce electricity.

NEW YORK (AP) — A plunge in the price of natural gas has made it cheaper for utilities to produce electricity. But the savings aren’t translating to lower rates for customers. Instead, U.S. electricity prices are going up.

Electricity prices are forecast to rise slightly th...

Published: 07/12/2012