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 ������������������������������������������������������� ��������

October 3, 2001

GAS BILLS TO GO DOWN FOR CUSTOMERS OF PEOPLES GAS & POWER

Customers of People�s Gas & Power will see a decrease in their gas bills starting in November.

Today, in Cause No. 37441-GCA 71, the Indiana Utility Regulatory Commission approved a decrease in the company�s Gas Cost Adjustment for November, December and January 2002.� The Commissioners are making sure that customers see immediate savings from the lower prices of wholesale gas.� The table below shows the impact on customers.

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	$�� 48.92			$�� 55.63		$ (� 6.71)	-12.06%
10	���� 93.11			�� 106.52		�� (13.41)	-12.59%
15	�� 132.96			�� 153.08		�� (20.12)	-13.14%
20	�� 172.81			�� 199.64		�� (26.83)	-13.44%
25	�� 212.66			�� 246.19		�� (33.53)	-13.62%

�

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		$�� 48.92	$�� 44.30	$���� 4.62	10.43%
10		���� 93.11	���� 83.88	������ 9.23	11.00%
15		�� 132.96	�� 119.11	���� 13.85	11.63%
20		�� 172.81	�� 154.34	���� 18.47	11.97%
25		�� 212.66	�� 189.58	���� 23.08	12.17%

Peoples Gas & Power serves nearly 3,000 customers.

~30~