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                                                                 

October 11, 2001

                                                           

GAS BILLS TO GO DOWN FOR CUSTOMERS OF INDIANA NATURAL GAS

 

Customers serve by Indiana Natural Gas will see their bills go down this quarter.

 

Today, in Cause No. 37418-GCA 71, the Indiana Utility Regulatory Commission approved a decrease in the company’s Gas Cost Adjustment for November, December and January 2002. 

 

The Commissioners are making sure that customers see immediate savings from the lower prices of wholesale gas.  The table below shows the impact on customers.       

 

Proposed vs. Currently Approved GCA Factor For Residential Customers

 

                         Bill At               Bill At    

Consumption Proposed             Current              Dollar       Percent            

Mcf                GCA Factor   GCA Factor    Increase   Change

 

   5                   $ 53.22            $59.76   ($6.54)      -10.94%

  10                  $100.44           $113.51          (13.07)       -11.51%

  15                  $147.66           $167.27             (19.61)      -11.72%

  20                  $194.89           $221.02             (26.13)      -11.82%    

  25                  $242.11           $274.78             (32.67)      -11.89%  

 

 

Proposed vs. Prior Year Approved GCA Factor For Residential Customers

 

                        Bill At               Bill At     

Consumption Proposed            Prior Year        Dollar      Percent

Mcf                  GCA Factor  GCA Factor        Increase  Change

 

    5                  $53.22             $43.04 10.18      23.65%

  10                  $100.44           $80.09 20.35       25.41%

  15                  $147.66           $117.13           30.53       26.07%

  20                  $194.89           $154.18           40.71       26.40%

  25                  $242.11           $191.22         50.89          26.61%

 

The Commissioners are satisfied that the company has made every reasonable effort to acquire long-term natural gas supplies at the lowest cost reasonably possible.

 

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