Regional Business Digest

REGION

Dominion to cut price

CLEVELAND — Dominion East Ohio said it is reducing the price that it charges its customers by 92 cents, or 9 percent. The utility said its Standard Service Offer will be $9.80 per thousand cubic feet, starting Oct. 15.

The average residential customer’s bill for October will be $67.57, up $9.72, or 17 percent, from last October. Delivery charges are extra. The Standard Service Offer applies to customers who buy their gas from the utility.

NATION

Group seeks to privatize Chicago’s Midway Airport

CHICAGO — A group of investors from New York, Boston and Canada has offered to pay $2.5 billion to privatize Chicago’s Midway Airport.

The city expects to get more than $1 billion in net proceeds from the deal with much of that money to be used for infrastructure improvements. Chicago applied two years ago to be part of a Federal Aviation Administration pilot program to privatize up to five U.S. airports. The deal requires city council approval.

Associated Press