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.

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