July 10, 2002

GAS BILLS TO GO DOWN FOR CUSTOMERS OF INDIANA NATURAL GAS

Today, in Cause No. 37418-GCA 74, the Indiana Utility Regulatory Commission approved the decrease in the Gas Cost Adjustment for August, September & October 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	$ 41.85			$ 42.29		($0.44)	(1.04%)
10	77.71			78.58		( 0.87)	(1.11%)
15	113.56			114.86		( 1.30)	(1.13%)
20	149.41			151.15		( 1.74)	(1.15%)
25	185.26			187.44		( 2.18)	(1.16%)

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		$ 41.85	$ 59.76	($17.91)	(29.97%)
10		77.71	113.51	( 35.80)	(31.54%)
15		113.56	167.27	( 53.71)	(32.11%)
20		149.41	221.02	( 71.61)	(32.40%)
25		185.26	274.78	( 89.52)	(32.58%)

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

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