April 24, 2002

GAS BILLS TO GO DOWN FOR CUSTOMERS OF INDIANA NATURAL GAS

Today, in Cause No. 37418-GCA 73, the Indiana Utility Regulatory Commission approved the decrease in the Gas Cost Adjustment for May, June and July 2002, requested by Indiana Natural Gas. The table below shows the impact on customers.

Table 1

New vs. Currently Approved GCA Factor

For Residential Customers

Consumption Mcf		Bill at New GCA Factor	Bill at Currently Approved GCA Factor		Dollar (Decrease)			Percent Change

5	$ 42.29			$ 47.90		($5.61)	(11.71%)
10	78.58			89.90		(11.22)	(12.49%)
15	114.86			131.70		(16.84)	(12.79%)
20	151.15			173.60		(22.45)	(12.93%)
25	187.44			215.50		(28.06)	(13.02%)

Table 2

New vs. Prior Year Approved GCA Factor

For Residential Customers

Consumption Mcf	Bill at New GCA Factor		Bill at Prior Year Approved GCA Factor	Dollar (Decrease)	Percent Change

5		$ 42.29	$ 53.25	($10.96)	(20.58%)
10		78.58	100.50	( 21.92)	(21.81%)
15		114.86	147.76	( 32.90)	(22.27%)
20		151.15	195.01	( 43.86)	(22.49%)
25		187.44	242.26	( 54.82)	(22.63%)

Indiana Natural Gas serves more than 7,700 customers, with its headquarters in Paoli, Indiana.

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