October 31, 2001

GAS PRICES DROP SLIGHTLY FOR CUSTOMERS OF INDIANA UTILITIES CORPORATION

Customers served by Indiana Utilities Corporation. will see their bills drop this quarter.

Today, in Cause No. 37357 GCA 44, the Indiana Utility Regulatory Commission approved a decrease in the company’s Gas Cost Adjustment for the next three months beginning November 1, 2001. The tables below show the impact on customers.

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	$ 53.10			$ 54.80		$( 1.70)	-3.10%
10	100.21			103.59		( 3.38)	-3.26%
15	144.63			149.72		( 5.09)	-3.40%
20	189.05			195.84		( 6.79)	-3.47%
25	233.47			241.94		( 8.47)	-3.50%

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		$ 53.10	$ 49.50	$ 3.60	7.27%
10		100.21	93.00	7.21	7.75%
15		144.63	133.81	10.82	8.09%
20		189.05	174.63	14.42	8.26%
25		233.47	215.44	18.03	8.37%

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