Dominion natural gas rates to drop this month
WARREN - Customers of Dominion East Ohio who participate in the Standard Service and Standard Choice Offers will see their rates drop to $4.059 per thousand cubic feat (mcf) beginning Tuesday, the utility provider has announced.
The new rates are 24.8 cents, or 5.8 percent, lower than the July SCO/SSO rates of $4.307/ mcf, but are about 12 percent, or 44.9 cents, higher than the rates at this time last year.
Under the new filing, the average SCO/SSO residential customer's bill for the month of August 2013 would be $32.34, up 23 cents, or 0.7 percent, from $32.11 in August 2012.
Local bank stocks reported
WARREN - First Niles Financial remained steady in trading Friday, closing at $7.10 a share. First Place Financial Corp. held steady at $0.0023 per share; and Cortland Bancorp dropped 35 cents to $9.50 per share.
Farmers donation to support incubator
CANFIELD - Farmers Trust Company has announced three gifts for the Youngstown Business Incubator totaling $125,000.
YBI will receive $50,000 from the Jane F. Lamb Charitable Foundation and another $50,000 from the William Neckerman Charitable Foundation. Farmers National Bank also has given the YBI a donation of $25,000.
The gifts come as YBI is embarking on a five-year fundraising campaign to continue its work developing high-tech start-up companies at its facilities in downtown Youngstown. Farmers Trust Company officials noted that of particular interest is YBI's involvement with the National Additive Manufacturing Innovation Institute in Youngstown, considered by many experts to be a key national player in the advancement of modern manufacturing.