For Immediate Release

July 24, 2002

NORTHERN INDIANA FUEL & LIGHT RATES TO DECREASE

Today, in Cause 38431 GCA 31, the Indiana Utility Regulatory Commission approved a decrease in the gas cost adjustment for the billing cycles of August 2002 through January 2003 requested by Northern Indiana Fuel & light Company, Inc. The tables below show the impact on customers.

Table 1

New vs. Currently Approved GCA Factor

For Residential Customers

Consumption Dth		Bill at New GCA Factor	Bill at Currently Approved GCA Factor		Dollar (Decrease)			Percent Change
5	$ 43.60			$ 47.49		$ (3.89)	-8.19%
10	77.43			85.21		(7.78)	-9.13%
15	109.66			121.33		(11.67)	-9.62%
20	141.89			157.45		(15.56)	-9.88%
25	174.12			193.57		(19.45)	-10.05%

Table 2

New vs. Prior Year Approved GCA Factor

For Residential Customers

Consumption Dth	Bill at New GCA Factor	Bill at Prior Year Approved GCA Factor	Dollar (Decrease)	Percent Change
5	$ 43.60	$ 56.34	$ (12.74)	-22.61%
10	77.43	102.91	(25.48)	-24.76%
15	109.66	147.88	(38.22)	-25.85%
20	141.89	192.85	(50.96)	-26.42%
25	174.12	237.82	(63.70)	-26.78%

Northern Indiana Fuel & Light Company provides natural gas utility service in areas of Allen, Dekalb, Noble, and Steuben Counties.

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