Natural gas production in the U.S. is taking off and the potential for liquefied natural gas, or LNG, exports is becoming more and more realized every day. Although you might not see it right now, these events could have some significant effects on your wallet in the near term.
Abundant, cheap, natural gas has made a significant impact on how utility companies generate electricity and on how much that electricity costs the consumer. Southern Company , a company that once generated more than 50% of its electricity from coal, is now the third-largest consumer of natural gas in the U.S. Major shifts like the one Southern enacted are occurring across the entire utilities space. The more options that utilities have in fuel sources, the better the prices they can get.