Indiana Utility Regulatory
Commission
302
West Washington Street, Room 306
Indianapolis
Indiana 46204
317.232.2297
office
317.233.1982
fax
The Indiana Utility Regulatory Commission today approved a
decrease in the gas cost adjustment for March requested by Northern Indiana
Fuel & Light Company, Inc.
The adjusted rates in Cause No. 38431GCA28 allow the
utility’s customers to get the immediate benefit of lower market prices in a
heating season where pocketbooks have been pinched by the skyrocketing cost of
natural gas and colder weather. The
decrease is the result of cooperation between Northern Indiana Fuel &
Light, the Office of the Indiana Utility Consumer Counselor and the IURC. It reflects an adjustment that would not
normally be passed on this early in the year due to the company’s semi-annual
review process.
Even though fuel costs are down this month, the price of
natural gas at the wellhead is still higher than it was this time one year ago
and customers are paying more than they did in March 2000.
Bill at Bill
at
Monthly Proposed Current Dollar Percent
Consumption GCA
Factor GCA Factor Decrease Decrease
5 Dth $ 51.26 $ 54.22 $
( 2.96)
(5.45%)
10 92.76 98.67 (
5.91) (5.99%)
15 132.66 141.52 (
8.87) (6.26%)
20 172.55 184.37 (11.82)
(6.41%)
25 212.45 227.22 (14.78)
(6.50%)
Bill at Bill at
Monthly Proposed GCA Factor Dollar Percent
Consumption GCA
Factor One Year Ago Increase
Increase
5 Dth $ 51.26 $ 37.69 $ 13.57 36.00%
10 92.76 65.62 27.14
41.36%
15 132.66 91.95 40.71
44.28%
20 172.55 118.27 54.28
45.89%
25
212.45 144.60 67.85
46.92%
The GCA procedure allows natural gas utilities to increase or
decrease rates, either on a quarterly or semi-annual basis, based upon changes
in the price of gas purchased from pipelines and other sources. These rates are interim rates and are
subject to refund if the utility is found to have earned more than its allowed
rate of return.
Northern
Indiana Fuel & Light Company provides natural gas utility service in areas
of Allen, Dekalb, Noble, and Steuben Counties.
~30~