Indiana Utility Regulatory Commission
302 West Washington Street, Room
306
Indianapolis Indiana 46204
317.232.2297 office
317.233.1982 fax
Contact: Mary Beth Fisher
The Indiana Utility Regulatory Commission today approved a decrease
in the gas cost adjustment for April requested by Northern Indiana Fuel &
Light Company, Inc.
The adjusted rates in Cause No. 38431-GCA28 allow the utility’s
customers to get the immediate benefit of lower market prices. This is the second decrease in the price of
gas in as many months. The drop 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
April 2000.
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NIFL |
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Current vs. Revised Factor |
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Current Factor:
4.486 |
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Revised Factor: 3.895 |
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Decrease of: $0.591 |
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Effects on Residential Customers |
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REVISED FACTOR |
CURRENT FACTOR |
$ DECREASE |
% DECREASE |
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5 DTH |
$51.26 |
$54.22 |
($2.96) |
(5.45%) |
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10 DTH |
$92.76 |
$98.67 |
($5.91) |
(5.99%) |
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15 DTH |
$132.66 |
$141.52 |
($8.87) |
(6.26%) |
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20 DTH |
$172.55 |
$184.37 |
($11.82) |
(6.41%) |
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25 DTH |
$212.45 |
$227.22 |
($14.78) |
(6.50%) |
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Current vs. Last April
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Revised Factor:
3.895 |
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Prior Year Factor:
1.181 |
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Increase of:
$2.714 |
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Effects on Residential Customers |
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REVISED FACTOR |
PRIOR YEAR FACTOR |
$ INCREASE |
% INCREASE |
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5 DTH |
$51.26 |
$37.69 |
$13.57 |
36.00% |
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10 DTH |
$92.76 |
$65.62 |
$27.14 |
41.36% |
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15 DTH |
$132.66 |
$91.95 |
$40.71 |
44.28% |
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20 DTH |
$172.55 |
$118.27 |
$54.28 |
45.89% |
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25 DTH |
$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.
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