BOISE, ID – August 15, 2019 – Intermountain Gas Company filed its annual purchased gas cost adjustment (PGA) application with the Idaho Public Utilities Commission to change its prices by an average decrease of 0.5% or approximately $1.1 million. If approved, the decrease would be effective Oct. 1, 2019.
The primary reason for the proposed decrease is continued low natural gas prices and the company’s management of its pipeline capacity contracts. Because the price of natural gas is a pass-through charge directly to its customers, Intermountain’s earning will not decrease because of the proposed change in prices and revenues.
If approved, residential customers will see a small average decrease of 0.8 % or $0.29 per month based on average weather and usage. Commercial customers, on average, would see a slight increase of 0.20 % or $0.27 per month.
“We are proud that we have been able to maintain declining prices for the fifth straight year,” said Scott Madison, executive vice president, business development and gas supply.
Intermountain Gas urges all customers to use energy wisely. For more information about the company’s energy efficiency program and available rebates for installing high efficiency equipment, visit www.intgas.com/saveenergy. Conservation tips, information on government payment energy assistance and programs to help consumers level out their energy bills over the year can be found on the company’s website www.intgas.com.
The PGA application is filed each year to ensure the costs Intermountain incurs on behalf of its customers are reflected in its sales prices. The request is a proposal and is subject to public review and approval by the IPUC. A copy of the application is available for review at the commission, its homepage www.puc.idaho.gov, as well as the company’s website www.intgas.com/commission-filings. Written comments regarding the application may be filed with the commission. Customers may also subscribe to the commission’s RSS feed to review periodic updates via email.
Intermountain Gas Company is a natural gas distribution company serving approximately 368,000 residential, commercial and industrial customers in 75 communities in southern Idaho. Intermountain is a subsidiary of MDU Resources Group, Inc., a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index and is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses. For more information about MDU Resources, see the company’s website at www.mdu.com. For more information about Intermountain, visit www.intgas.com.
Media Contact: Mark Hanson at 701-530-1093 or [email protected].