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.gov/iurc

Contact: Mary Beth Fisher

For Immediate Release

January 30, 2002

IURC APPROVES GAS COST ADJUSTMENT FOR BOONVILLE NATURAL GAS CORPORATION

Customers of Boonville Natural Gas Corporation will see a significant cut in the price they pay for natural gas in the next quarter.

Today, in Cause No. 37369 GCA 60, the Indiana Utility Regulatory Commission approved in the company’s Gas Cost Adjustment for the months of February, March and April, 2002. The tables below show the impact on customers.

Table 1

New vs. Currently Approved GCA Factor

Consumption Bill at Proposed Bill at Current Dollar Percent

Mcf or Dth GCA Factor GCA Factor Increase/(Decrease) Change

5 $ 44.32 $ 57.40 ($13.08) -22.79%

10 82.58 108.76 (26.18) -24.07%

15 117.96 157.23 (39.27) -24.98%

20 153.35 205.70 (52.35) -25.45%

25 188.73 254.18 (65.45) -25.75%

Table 2

New vs. Prior Year Approved GCA Factor

Bill at Prior

Consumption Bill at Proposed Year Approved Dollar Percent

Mcf or Dth GCA Factor GCA Factor Increase/(Decrease) Change

5 $ 44.32 $ 54.34 ($10.02) -18.44%

10 82.58 102.63 ( 20.05) -19.54%

15 117.96 148.03 ( 30.07) -20.31%

20 153.35 193.44 ( 40.09) -20.72%

25 188.73 238.85 ( 50.12) -20.98%

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