BOISE, ID – August 9, 2024 – Intermountain Gas Company filed its annual purchased gas cost adjustment (PGA) application (Case No. INT-G-24-04) with the Idaho Public Utilities Commission to decrease its prices by an average of 13.5% or approximately $46.8 million. The primary reasons for the proposed PGA decrease are a refund of over-collected gas costs from the prior PGA as well as a decrease in estimated gas commodity costs for the coming year.
The PGA application is filed each year to ensure the costs Intermountain incurs on behalf of its customers are reflected in its sales prices. If approved, a typical residential customer would see a monthly decrease of $6.69 or 13.14%. Commercial customers, on average, would see a monthly decrease of $33.26 or 14.46%. The cost of natural gas is a straight passthrough to customers; Intermountain does not earn a profit on the cost of natural gas.
Additionally, the Company filed an application to reduce its Residential and Commercial Energy Efficiency Charges (Case No. INT-G-24-03), which would lower residential and commercial prices by approximately $1.7 million or 0.52%. While the programs continue to offer customers energy efficiency rebates, a decrease still allows the company to meet the programs’ forecasted needs. If approved, this change would result in a $0.27 or 0.53% decrease to a typical residential customer’s bill, and a decrease of $1.09 or 0.47%, on average, to commercial customers’ bills.
If approved, both filings will become effective Oct. 1, 2024. The combined effect of the PGA and the Energy Efficiency Charge filings will result in an average residential customer seeing a total decrease of approximately $6.96 or 13.68% and a commercial customer can expect a monthly decrease of approximately $34.35 or 14.93%. Estimated bill impacts are based on average weather and usage per customer class.
“We are seeing lower natural gas prices because of an abundant supply, historically high storage levels and planned pipeline infrastructure expansion projects in Canada and the U.S.,” said Scott Madison, executive vice president of 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.
Both requests are proposals and are subject to public review and approval by the PUC. A copy of the applications are available for review at the commission, its homepage www.puc.idaho.gov, as well as the company’s website www.intgas.com. Written comments regarding the applications may be filed with the commission by going to puc.idaho.gov/Form/CaseComment or mailing to:
Idaho Public Utilities Commission
P.O. Box 83720
Boise, ID 83720-0074
Customers may also subscribe to the commission’s RSS feed to review periodic updates via email.