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

July 24, 2002

GAS PRICES FALL FOR CUSTOMERS OF SOUTHERN INDIANA GAS AND ELECTRIC

Customers served by Southern Indiana Gas and Electric will see their bills drop this quarter. Today, in Cause No. 37366 GCA 75, the Indiana Utility Regulatory Commission approved a decrease in the company’s Gas Cost Adjustment for the three months beginning August 2002. The tables below show the impact on customers.

TABLE 1

New vs. Currently Approved GCA Factor

For Residential Customers

Consumption (Therms)	Bill at Maximum GCA Rate Aug, Sept and Oct 2002 Weighted Average	Bill at Currently Effective GCA Rate	Dollar Increase (Decrease)	Percent Change
50	$46.43	$49.79	($3.36)	(6.75%)
100	$82.85	$89.57	($6.72)	(7.50%)
150	$119.28	$129.36	($10.08)	(7.79%)
200	$155.70	$169.14	($13.44)	(7.95%)
250	$192.13	$208.93	($16.80)	(8.04%)

TABLE 2

New vs. Prior Year Approved GCA Factor

For Residential Customers

Consumption Therms	Bill at Maximum GCA Rate Aug, Sept and Oct 2002 Weighted Average	Bill at Prior Year Effective GCA Rate	Dollar Increase (Decrease)	Percent Change
50	$46.43	$60.86	($14.43)	(23.71%)
100	$82.85	$111.71	($28.86)	(25.83%)
150	$119.28	$162.57	($43.29)	(26.63%)
200	$155.70	$213.42	($57.72)	(27.05%)
250	$192.13	$264.28	($72.15)	(27.30%)

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