Cold weather good news for gas company

By: Chris Pimentel Writer Nick Petruzzella, General Manager of Six Nations Natural Gas presented their audited finical statements to the Six Nations Elected Council on Tuesday, telling the council they had a net loss of $145,101. However, despite the deficit the company had an operating profit of $314,768 before amortization and depreciation. A climate shift is helping the bottom line. “The departure of the weather complex called El Nino, and the extremely mild temperatures of the previous winter,” said Petruzzella. There was also good news for natural gas customers as prices didn’t rise in the fiscal year of 2017 They have also extended the gas line underneath the Grand River without any issues Petruzzella said. With the gas line extension, Petruzzella said at no time did they have to worry…

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