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

September 5, 2001

GAS BILLS TO GO DOWN FOR CUSTOMERS OF FOUNTAINTOWN GAS COMPANY

Customers of Fountaintown Gas Company will see a decrease in their gas bills starting in September.

Today, in Cause No. 37913 GCA 57, the Indiana Utility Regulatory Commission approved a decrease in the company’s Gas Cost Adjustment for September, October and November 2001. The Commissioners are making sure that customers see immediate savings from the lower prices of wholesale gas. The table below shows the impact on customers.

Proposed v. Currently Approved GCA Factor

For Residential Customers

Bill at Bill at

Consumption Proposed Current Increase Percent

Dth GCA Factor GCA Factor (Decrease) Change

5 $42.70 $48.29 ($ 5.59) -11.58%

10 $79.40 $90.58 ($11.18) -12.34%

15 $114.33 $131.10 ($16.77) -12.79%

20 $149.26 $171.62 ($22.36) -13.03%

25 $184.19 $212.13 ($27.95) -13.17%

The table below compares this year’s rates to the rates one year ago.

Proposed vs. Prior Year Approved GCA Factor

For Residential Customers

Bill at Bill at Prior Dollar

Consumption Proposed Year Approved Increase Percent

Dth GCA Factor GCA Factor (Decrease) Change

5 $42.70 $41.67 $1.04 2.48%

10 $79.40 $77.33 $2.07 2.68%

15 $114.33 $111.23 $3.10 2.79%

20 $149.26 $145.12 $4.14 2.85%

25 $184.19 $179.01 $5.18 2.89%

The Commissioners are satisfied that the company has made every reasonable effort to acquire long-term natural gas supplies at the lowest cost reasonably possible.

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