IURC News Release

Indiana Utility Regulatory Commission������� ��������������������������� ��

302 West Washington Street, Room 306����������������������������������� ��

Indianapolis Indiana� 46204�������������������������������������������� ��

317.232.2297 office

317.233.1982 fax

www.state.in.us/iurc

 

Contact:� Mary Beth Fisher

 

For Immediate Release ����

July 24, 2002

 

GAS PRICES FALL FOR CUSTOMERS OF SOUTHERN INDIANA GAS AND ELECTRIC������

 

Customers served by Southern Indiana Gas and Electric will see their bills drop this quarter.� Today, in Cause No. 37366 GCA 75, the Indiana Utility Regulatory Commission approved a decrease in the company�s Gas Cost Adjustment for the�� three months beginning August 2002.� The tables below show the impact on customers.�

 

TABLE 1

New vs. Currently Approved GCA Factor

For Residential Customers

 

Consumption

(Therms)

Bill at Maximum GCA Rate

Aug, Sept and Oct 2002 Weighted Average

Bill at Currently Effective

GCA Rate

Dollar

Increase

(Decrease)

Percent

Change

� 50

$46.43

$49.79

($3.36)

(6.75%)

100

$82.85

$89.57

($6.72)

(7.50%)

150

$119.28

$129.36

($10.08)

(7.79%)

200

$155.70

$169.14

($13.44)

(7.95%)

250

$192.13

$208.93

($16.80)

(8.04%)

 

TABLE 2

New vs. Prior Year Approved GCA Factor

For Residential Customers

 

Consumption

Therms

Bill at Maximum GCA Rate

Aug, Sept and Oct 2002 Weighted Average

Bill at Prior Year Effective

GCA Rate

Dollar

Increase

(Decrease)

Percent

Change

� 50

$46.43

$60.86

($14.43)

(23.71%)

100

$82.85

$111.71

($28.86)

(25.83%)

150

$119.28

$162.57

($43.29)

(26.63%)

200

$155.70

$213.42

($57.72)

(27.05%)

250

$192.13

$264.28

($72.15)

(27.30%)

 

###