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For more information on any of the
Intermountain Gas Press Releases contact: Mike
Huntington (208) 377-6059 |
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News Release |
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September 20, 2006 |
Contact:
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Mike Huntington
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Vice President
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Marketing & External Affairs
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(208) 377-6059
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INTERMOUNTAIN GAS COMPANY FILES AMENDED NATURAL GAS PURCHASED
GAS
COST ADJUSTMENT APPLICATION WITH THE IPUC
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TODAY, INTERMOUNTAIN GAS COMPANY (“INTERMOUNTAIN”) FILED
AN AMENDED PURCHASED GAS COST ADJUSTMENT APPLICATION (PGA)
WITH THE IDAHO PUBLIC UTILITIES COMMISSION (“IPUC”).
THAT TYPE OF APPLICATION IS FILED EACH YEAR TO ENSURE
THAT THE COSTS THAT INTERMOUNTAIN IS INCURRING ON BEHALF
OF ITS CUSTOMERS ARE PROPERLY REFLECTED IN ITS SALES
PRICE. THE ORIGINAL APPLICATION WAS FILED AUGUST 16,
2006 AND REQUESTED A 0.5% DECREASE. THE AMENDED
APPLICATION REQUESTS A 3.86% DECREASE.
WILLIAM C. “BILL” GLYNN, PRESIDENT OF INTERMOUNTAIN GAS
COMPANY, SAID, “SINCE FILING THE ORIGINAL APPLICATION IN
AUGUST, WE HAVE SEEN A FURTHER SOFTENING IN THE
WHOLESALE PRICE OF NATURAL GAS. THESE SUPPLY CONDITIONS
AND THE COMPANY’S PURCHASING STRATEGIES HAVE ALLOWED US
TO TAKE ADVANTAGE OF THESE LOWER PRICES AND ARE
THEREFORE AMENDING OUR ORIGINAL APPLICATION IN ORDER TO
PASS THESE LOWER PRICES ON TO OUR CUSTOMERS AS QUICKLY
AS POSSIBLE.”
GLYNN ADDED, “WE ARE PLEASED TO BE ABLE TO OFFER THIS
ADDITIONAL PRICE REDUCTION, HOWEVER, WE ALSO ENCOURAGE
ALL OUR CUSTOMERS TO BECOME ACTIVELY INVOLVED IN THE
POLITICAL PROCESS, INCLUDING THE CURRENT DEBATE IN
CONGRESS ON PENDING BILLS THAT WOULD ALLOW FOR MORE
NATURAL GAS DRILLING. IF APPROVED, A MATERIAL AMOUNT OF
NATURAL GAS COULD BE BROUGHT TO MARKET BOTH LESSENING
THE PRICE OUR CUSTOMERS PAY AND PROVIDING FOR LESS
RELIANCE ON FOREIGN CRUDE OIL, MAKING THE UNITED STATES
MORE ENERGY INDEPENDENT.”
INTERMOUNTAIN ALSO CONTINUES TO ENCOURAGE ALL ITS
CUSTOMERS TO BE CONSCIOUS OF THEIR ENERGY USAGE AND THE
WISE USE OF ENERGY. HELPFUL TIPS ON WAYS TO DO THAT AND
HOW TO REQUEST GOVERNMENT PAYMENT ENERGY ASSISTANCE ARE
PROVIDED THROUGH BILL INSERTS AND ON THE COMPANY’S
WEBSITE (WWW.INTGAS.COM). THE COMPANY ALSO HAS A NUMBER
OF PROGRAMS TO HELP CUSTOMERS LEVEL OUT THEIR ENERGY
BILLS OVER THE YEAR, AND STABILIZE THE POTENTIAL IMPACT
THAT COLD WEATHER WILL HAVE DURING PERIODS OF HIGHER
NATURAL GAS USAGE.
IF THIS AMENDED APPLICATION IS APPROVED, RESIDENTIAL
CUSTOMERS USING NATURAL GAS FOR HEATING AND WATER
HEATING COULD EXPERIENCE AN AVERAGE MONTHLY DECREASE OF
$2.77 (3.5%). THOSE RESIDENTIAL CUSTOMERS USING NATURAL
GAS ONLY FOR SPACE HEATING COULD EXPERIENCE AN AVERAGE
MONTHLY DECREASE OF $1.85 (3.1 %). COMMERCIAL CUSTOMERS
COULD EXPERIENCE AN AVERAGE MONTHLY DECREASE OF $16.58
(4.7%).
IF APPROVED AS AMENDED, THE TOTAL NET REVENUE DECREASE
FROM THIS REQUEST WILL BE APPROXIMATELY $12.8 MILLION
(3.9%) AND IS PROPOSED TO BE EFFECTIVE OCTOBER 1, 2006.
THIS PROPOSAL IS SUBJECT TO PUBLIC REVIEW AND APPROVAL
BY THE IPUC. A COPY OF INTERMOUNTAIN’S AMENDED
APPLICATION IS AVAILABLE FOR PUBLIC REVIEW AT THE
OFFICES OF BOTH THE IDAHO PUBLIC UTILITIES COMMISSION
AND THE COMPANY.
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