Frequently
Asked Questions
Who
is Universal Gas & Electric Corporation?
Universal
Gas & Electric Corporation is a North American
based company.
The Principals of the organization have in
excess of 100 years of combined experience in the energy
industry and are responsible for aggregating in excess of
two million customer contracts since deregulation.
Is
Universal Gas & Electric Corporation licensed
in Michigan?
Universal Gas & Electric has been approved
and licensed as a gas marketer
in the State of Michigan
by the Michigan
Public Service Commission
(License # U-14732).
Are you affiliated with MichCon or Consumer
Energy?
Universal
Gas & Electric is not affiliated with DTE/MichCon
or Consumers Energy or any other local utility.
What
causes gas prices to rise?
Natural gas prices in the producing regions of North America
are determined by the competitive forces of supply and demand.
The short-term or spot price fluctuates daily due to several
factors including weather and short term disruptions. For
instance, a hurricane in the Gulf of Mexico, or a snap deep
freeze in Western States, two of the largest gas producing
regions, can affect the short term price of natural gas.
Longer term gas prices are determined by population and economic growth and by
factors such as environmental polices. For example, greater demand for gas as
an environmentally-preferred fuel for electricity generation could result in
increased gas.
How do I benefit by signing with Universal
Gas & Electric Corporation?
There
is no risk of your natural gas commodity price increasing
during the term of this agreement and no retroactive commodity
price adjustments. As in the past, your utility delivers
your natural gas and provides 24 hour emergency service.
The
Natural Gas is
supplied by Sempra Energy Trading (SET), a wholly owned subsidiary
of Sempra Energy (a Fortune 500 energy services company).
There is no cost to enroll.
If
I choose Universal Gas & Electric as my supplier,
will I receive my bill from you?
Your
bill will come directly from your utility as it has in
the past. Once your account has been accepted and
approved by Universal Gas & Electric, our name will
appear on your bill as your gas supplier.
May
I cancel the contract after I sign the Program Signature
Page?
Residential customers have 30 days in which to cancel, and commercial customers within the 2,000 Ccf threshold have 5 days in which to cancel. However, there is no cancellation period for commercial customers over the 2,000 Ccf threshold.
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