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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