IURC News Release

Indiana Utility Regulatory Commission

302 West Washington Street, Room 306

Indianapolis Indiana  46204

317.232.2297 office

317.233.1982 fax

www.state.in.gov/iurc

 

Contact:  Mary Beth Fisher

 

For Immediate Release                                                           

January 30, 2002

                                   

IURC APPROVES GAS COST ADJUSTMENT FOR BOONVILLE NATURAL GAS CORPORATION

 

Customers of Boonville Natural Gas Corporation will see a significant cut in the price they pay for natural gas in the next quarter.

 

Today, in Cause No. 37369 GCA 60, the Indiana Utility Regulatory Commission approved in the company’s Gas Cost Adjustment for the months of February, March and April, 2002.  The tables below show the impact on customers.    

 

Table 1

New vs. Currently Approved GCA Factor

 

 Consumption      Bill at Proposed        Bill at Current                   Dollar                             Percent

 Mcf or Dth           GCA Factor              GCA Factor          Increase/(Decrease)               Change

 

        5                       $ 44.32                      $ 57.40                      ($13.08)                         -22.79%

      10                          82.58                       108.76                        (26.18)                         -24.07%

      15                        117.96                       157.23                        (39.27)                         -24.98%

      20                        153.35                       205.70                        (52.35)                         -25.45%

      25                        188.73                       254.18                        (65.45)                         -25.75%

 

 

Table 2

New vs. Prior Year Approved GCA Factor

 

                                                               Bill at Prior

 Consumption      Bill at Proposed           Year Approved                  Dollar                         Percent

 Mcf or Dth           GCA Factor              GCA Factor          Increase/(Decrease)                 Change

 

        5                       $ 44.32                      $ 54.34                       ($10.02)                        -18.44%

      10                          82.58                       102.63                        ( 20.05)                        -19.54%

      15                        117.96                       148.03                        ( 30.07)                        -20.31%

      20                        153.35                       193.44                        ( 40.09)                        -20.72%

      25                        188.73                       238.85                        ( 50.12)                        -20.98%

 

 

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