April 3, 2002

GAS PRICES FALL FOR CUSTOMERS OF INDIANA UTILITIES CORPORATION

Today the Indiana Utility Regulatory Commission approved an order, which will result in lower prices for customers of the Indiana Utilities Corporation in May, June, and July 2002.

In Cause No. 37357 GCA 46, the Commissioners agreed that the company’s savings on gas purchases should be passed along to consumers. The tables below show the impact on customers.

Table 1

New vs. Currently Approved GCA Factor

For Residential Customers

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

5	$ 40.56			$ 49.98		$( 9.42)	-18.85%
10	75.12			93.95		(18.83)	-20.04%
15	107.01			135.26		(28.25)	-20.89%
20	138.88			176.55		(37.67)	-21.34%
25	170.76			217.84		(47.08)	-21.61%

Table 2

New vs. Prior Year Approved GCA Factor

For Residential Customers

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

5		$ 40.56	$ 49.47	$ (8.91)	-18.01%
10		75.12	92.93	(17.81)	-19.16%
15		107.01	133.72	(26.71)	-19.97%
20		138.88	174.51	(35.63)	-20.42%
25		170.76	215.28	(44.52)	-20.68%

###