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                                                                                           

March 7, 2000

 

PRICES DECLINE FOR CUSTOMERS OF TWO INDIANA UTILITIES

 

Customers of two gas companies in Indiana will see a decline in the cost of heating their homes in March.

 

When the Commission granted Gas Cost Adjustments for PEOPLES AND MIDWEST GAS it was noted that if gas rates were less than expected the companies could revise their adjustments in their tariffs.   The rates were revised downward in February and dropped again in March.

 

The companies filed the request for reduction of rates with the IURC and the following adjustments are now in effect.

                       

PEOPLES

Current vs. Revised Factor

Current Factor:    3.9068

Revised Factor:   3.4456

Decrease of:     $0.4612

 

 

 

 

 

Effects on Residential Customers

 

 

 

 

REVISED FACTOR

CURRENT FACTOR

$ DECREASE

% DECREASE

  5 DTH

$52.45

$54.75

$2.31

4.21%

10 DTH

$100.17

$104.78

$4.61

4.40%

15 DTH

$143.54

$150.46

$6.92

4.60%

20 DTH

$186.92

$196.15

$9.22

4.70%

25 DTH

$230.30

$241.83

$11.53

4.77%

 

 

 

 

 

MIDWEST

Current vs. Revised Factor

Current Factor:   4.4546

Revised Factor: 3.9568

Decrease of:    $0.4978

 

 

 

 

 

Effects on Residential Customers

 

 

 

 

REVISED FACTOR

CURRENT FACTOR

$ DECREASE

% DECREASE

  5 DTH

$54.93

$57.42

$2.49

4.34%

10 DTH

$100.65

$105.63

$4.98

4.71%

15 DTH

$144.87

$152.34

$7.47

4.90%

20 DTH

$189.09

$199.04

$9.96

5.00%

25 DTH

$233.31

$245.75

$12.45

5.06%

                       

 

Peoples serves nearly 3,000 customers in Greene County, Indiana.  Midwest Natural Gas serves nearly approximately 11,900 customers in Clark, Daviess, Knox, Jackson, Jennings, Scott, Washington and Greene Counties of Indiana.

 

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