July 17, 2002

IURC APPROVES DECREASE IN GAS COST ADJUSTMENT FOR KOKOMO GAS AND FUEL

Today in Cause No.37396 GCA 44, the Indiana Utility Regulatory Commission approved the gas cost adjustment request from Kokomo Gas and Fuel. The tables below show the impact on customers for the billing cycles of August through January.

Table 1

Effect on Residential Customers

New vs. Current

Monthly Consumption Dth		Bill at New GCA Factor	Bill at Current GCA Factor		Dollar Change			Percent Change

5	$ 45.26			$46.03		$(0.77)	-1.67%
10	74.04			75.59		(1.55)	-2.05%
15	102.83			105.15		( 2.32)	-2.21%
20	131.61			134.70		(3.09)	-2.29%
25	160.39			164.26		(3.87)	-2.36%

Table 2

Effect on Residential Customers

New vs. One Year Ago

Monthly Consumption Dth	Bill at New GCA Factor		Bill at GCA Factor One Year Ago	Dollar Change	Percent Change

5		$45.26	$ 50.86	$( 5.60)	-11.01%
10		74.04	85.25	(11.21)	-13.15%
15		102.83	119.63	(16.80)	-14.04%
20		131.61	154.01	(22.40)	-14.54%
25		160.39	188.40	(28.01)	-14.87%

Kokomo Gas and Fuel serves more than 33,000 customers in the City of Kokomo, primarily, and in Greentown and Russiaville in Howard County; Windfall and Sharpsville in Tipton County; Galveston and Young America in Cass County; and Burlington in Carroll County and Forest in Clinton County. In addition, gas utility service is supplied to eleven other communities as well as the rural areas located in Howard, Tipton, Cass, Carroll, Clinton and Miami Counties.

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