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July 11, 2012
Charles Brinkley, left, and John Lerro, with Great American Heating and Air Conditioning Inc., install an air conditioner in Chevy Chase, Md.
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Electric rates not falling along with fuel costs
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.
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