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

 

MIDWEST NATURAL GAS TO LOWER PRICES

 

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

 

In Cause No. 37440 GCA-71, the Commissions granted the company�s request to reconsider its order of October 3, 2001, to allow Midwest Natural Gas to pass along savings on gas to its customers immediately.

 

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

$�� 48.67

$�� 59.76

$ (11.09)

-18.56%

10

���� 88.14

�� 110.32

�� (22.18)

-20.11%

15

�� 126.10

�� 159.37

�� (33.27)

-20.88%

20

�� 164.05

�� 208.42

�� (44.37)

-21.29%

25

�� 202.01

�� 257.47

�� (55.46)

-21.54%

 

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

$�� 48.67

$�� 45.49

$� 3.18

6.99%

10

���� 88.14

���� 81.78

��� 6.36

7.78%

15

�� 126.10

�� 116.56

��� 9.54

8.18%

20

�� 164.05

�� 151.34

� 12.71

8.40%

25

�� 202.01

�� 186.12

� 15.89

8.54%

 

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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