January 30, 2002

Northern Indiana Fuel & Light Rates to Decrease

Today, in Cause 38431 GCA 30, the Indiana Utility Regulatory Commission approved a decrease in the gas cost adjustment for the billing cycles of February 2002 through July 2002 requested by Northern Indiana Fuel & Light Company, Inc. The tables below show the impact on customers.

Table 1

New vs. Currently Approved GCA Factor

For Residential Customers

Consumption Dth		Bill at Proposed GCA Factor	Bill at Currently Approved GCA Factor		Dollar Decrease			Percent Change

5	$ 47.49			$ 54.34		$ (8.85)	-15.71%
10	85.21			102.91		(17.70)	-17.70%
15	121.33			147.88		(26.55)	-17.95%
20	157.45			192.85		(35.40)	-18.36%
25	193.57			237.82		(44.25)	-18.61%

Table 2

New vs. Prior Year Approved GCA Factor

For Residential Customers

Consumption Dth	Bill at Proposed GCA Factor		Bill at Prior Year Approved GCA Factor	Dollar Decrease	Percent Change

5		$ 47.49	$ 49.36	$ (1.87)	-3.79%
10		85.21	88.95	(3.74)	-4.20%
15		121.33	126.94	(5.61)	-4.42%
20		157.45	164.93	(7.48)	-4.54%
25		193.57	202.92	(9.35)	-4.61%

Northern Indiana Fuel & Light Company provides natural gas utility service in areas of Allen, Dekalb, Noble, and Steuben Counties.

~30~