Dominion monthly rate rises
Dominion Energy Ohio’s monthly natural gas price for residential customers who are on the Standard Choice Offer (SCO) is going up slightly for July, but is the same price as a year ago.
Effective July 16, the SCO will be $3.07 per thousand cubic feet (mcf). That’s 12 cents, or 4 percent, higher than the June rate of $2.95/mcf. The price was exact the same last July.
The average residential customer’s bill for July $35.87, up 50 cents, or 1.4 percent, from $35.37 in July 2017.
All customers pay a fixed $28.14 for the basic monthly charge. Customers also pay a usage-based charge to transport the gas to the home, and gross-receipts tax. That charge is currently 33 cents/mcf.
Consumer columnist Betty Lin-Fisher continues to recommend the SCO. To read a step-by-step guide, go to http://www.ohio.com/betty
Clinic researcher wins grant
The National Institutes of Health has awarded Cleveland Clinic researcher Dr. Eileen Hsich $2.8 million over four years to evaluate disparities in survival among heart failure patients before and after heart transplantation and to create tools that would optimize outcomes.
“We believe that to improve care for those with heart failure awaiting transplant, we must better understand how differences among patients affect the timing of transplants and survival. With this knowledge, we can create innovative models that can help physicians decide the best time for individual patients to be transplanted,” Hsich said. “The findings from these research projects will hopefully lay the groundwork for a dynamic and improved way to allocate hearts in the future.”
Aldi unveils Hartville upgrade
Aldi will celebrate the remodeling of its Hartville store at 1250 W. Maple St. with a ribbon-cutting ceremony at 8:25 a.m. Thursday.
Shoppers can enter a sweepstakes for a chance to win a year’s supply of Aldi produce during the event.
The renovation is part of a $1.9 billion investment to remodel and expand more than 1,300 stores nationwide by the end of 2020. Aldi is investing nearly $60 million to update 35 stores in Akron, Canton and Cleveland areas by the end of 2019.
Twinsburg site adds tenant
Two new buildings are breaking ground this summer on the site of the former Chrysler manufacturing plant in Twinsburg, Crain’s Cleveland Business reports.
One is an O’Reilly’s Auto Parts distribution facility, while another has no confirmed tenants, the publication said.
The Chrysler Stamping Plant, which employed more than 1,000, closed in 2010, making way for the Cornerstone Business Park.
“It has certainly developed faster than we had contemplated,” Larry Finch, city director of planning and community development, told Crain’s.
Consumer borrowing climbs
Americans increased their borrowing in May at the fastest pace in a year and a half, boosted by a big increase in credit card borrowing.
The Federal Reserve says consumer debt rose $24.5 billion in May after an increase of $10 billion in April. It was the biggest monthly increase since a rise of $24.8 billion in November 2016.
The category that includes credit cards climbed $16.3 billion in May after increasing by $5 billion in April.
VW settlement approved
A U.S. appeals court on Monday approved a $10 billion settlement between Volkswagen and car owners caught up in the company’s emissions cheating scandal.
The deal delivered “tangible, substantial benefits” and the federal judge who approved it did more than enough to ensure it was fair, a three-judge panel of the 9th U.S. Circuit Court of Appeals ruled unanimously.
Compiled from staff and wire reports.
Business news briefs, July 10: Dominion SCO increases