Indiana Utility Regulatory Commission ††††††††††††††††††††††††††††††† ††
302 West Washington Street, Room 306†††††††††††††††††††††††††††††††††††††††† ††
Indianapolis Indiana† 46204††††††††††††††††††††††††††††††††††††††††††††††††† ††
For Immediate Release
July 24, 2002
Today the Indiana Utility Regulatory Commission approved a settlement agreement supported by Citizens Gas & Coke Utility (Citizens), Vectren Energy Delivery of Indiana, Inc. (Vectren), the Indiana Office of Utility Consumer Counselor (OUCC), the Citizens Action Coalition (CAC), and a group of industrial customers, which ends the Commissionís investigation into the purchasing practices of Indiana Gas and Citizens Gas through their affiliate, ProLiance.
In Cause Nos. 37394GC50S1, 37399GC50S1 and 42233, the Commissioners agree that the settlement preserves the benefits of the supply alliance for customers and the utilities, and is in the customerís best interest.
This settlement resolves issues left open from the 1997 order which approved the creation of ProLiance, which is a joint-venture between Citizens Gas and Indiana Gas (Vectren). The alliance was designed to reduce gas costs to utilities and their customers.† It also operates as a competitive natural gas marketer to large commercial and industrial customers in Indiana and throughout the Midwest .
Listed below is an overview of key components of the settlement: