IURC News Release

Indiana Utility Regulatory Commission                                          

302 West Washington Street, Room 306                                                         

Indianapolis Indiana 46204                                                                  

317.232.2297 office

317.233.1982 fax

http://www.in.gov/iurc

 

Contact:  Mary Beth Fisher

 

For Immediate Release

November 14, 2001                                               

 

PEOPLES GAS AND POWER CORPORATION TO LOWER PRICES

 

Today the Indiana Utility Regulatory Commission took action, which means that customers of Peoples Gas & Power Corporation will pay less to heat their homes in November.

 

In Cause No. 37441 GCA-71, the Commissions granted the company’s request to reconsider its order of October 3, 2001, to allow Peoples Gas & Power Corporation to pass along savings on gas to its customers.

 

Table 1

Proposed vs. Currently Approved GCA Factor

For Residential Customers

 

 

 

Consumption     Dth

 

Bill at      Proposed       GCA Factor

Bill at       Currently Approved       GCA Factor

 

 

Dollar                                  (Decrease)

 

 

Percent Change

 

 

 

 

 

 

5

$ 48.06

$   55.63

($  7.57)

-13.61%

10

   91.39

   106.52

(  15.13)

-14.20%

15

 130.38

   153.08

(  22.70)

-14.83%

20

 169.37

   199.64

(  30.27)

-15.16%

25

 208.36

   246.19

(  37.83)

-15.37%

 

 

 

 

 

 

 

 

 

 

 

Table 2

Proposed vs. Prior Year Approved GCA Factor

For Residential Customers

 

 

 

Consumption    Dth

 

Bill at      Proposed       GCA Factor

Bill at              Prior Year Approved       GCA Factor

 

 

Dollar                                   Increase

 

 

Percent Change

 

 

 

 

 

5

$   48.06

$   44.30

$  3.76

8.49%

10

     91.39

     83.88

    7.51

8.95%

15

   130.38

   119.11

  11.27

9.46%

20

   169.37

   154.34

  15.03

9.74%

25

   208.36

   189.58

  18.78

9.91%

 

 

 

 

 

 

 

 

 

 

 

The Commission will also allow the utility to lower its prices through its  tariff in December and January, if it is able to buy gas at a lower rate than it anticipated in October.

 

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