Summary

• Gas utility bills are rising mainly because of pipeline and delivery infrastructure spending, not just fuel costs.
• Utilities are still planning new gas generation even as electrification and clean-energy deployment reduce the long-term logic of gas system expansion.
• Gas-fired power looks increasingly exposed to fuel volatility, long project lead times, and higher all-in costs once pipeline and storage expenses are included.
• Data center load growth is reinforcing interest in gas generation, especially in PJM and MISO, but that demand is also exposing hidden infrastructure costs.
• Residential electrification is raising electricity demand and peak load, which can increase bills even when it lowers household emissions.
• Political and geopolitical shocks to oil and gas prices continue to affect household costs, but the emissions effects appear temporary without durable policy or infrastructure change.
• Regulatory fragmentation remains a major feature: generation, gas storage, pipeline recovery, and heating-transition decisions are often handled in separate proceedings.