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.us/iurc

Contact: Mary Beth Fisher

For Immediate Release

July 24, 2002

IURC APPROVES GAS COST ADJUSTMENT FOR CHANDLER NATURAL GAS CORPORATION

Today, in Cause No. 37370 GCA 62, the Indiana Utility Regulatory Commission approved the Gas Cost Adjustment requested by Chandler Natural Gas Corporation for the months of August, September and October 2002 The tables below show the impact on customers.

Table 1

New vs. Currently Approved GCA Factor

Consumption Bill at New Bill at Current Dollar Percent

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

5 $ 39.59 $ 35.68 $ 3.91 10.97%

10 71.88 64.05 7.83 12.22%

15 104.09 92.35 11.74 12.72%

20 136.31 120.65 15.66 12.98%

25 168.52 148.95 19.57 13.14%

Table 2

New vs. Prior Year Approved GCA Factor

Consumption Bill at New Bill at Current Dollar Percent

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

5 $ 39.59 $ 50.52 $(10.93) -21.63%

10 71.88 93.73 (21.85) -23.31%

15 104.09 136.87 (32.78) -23.95%

20 136.31 180.01 (43.70) -24.28%

25 168.52 223.15 (54.63) -24.48%

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