Intermountain Gas Company files decrease in prices as part of annual PGA
BOISE, ID – August 14, 2017 – Intermountain Gas Company filed its annual Purchased Gas Cost Adjustment (PGA) application with the Idaho Public Utilities Commission to change its prices by an overall average decrease of 7.9 percent or approximately $19.2 million. If approved, the decrease would be effective Oct. 1, 2017. The primary reason behind the proposed decrease is a decline in the price of natural gas that Intermountain purchases for its customers. Because the price for gas is a pass-through charge directly to its customers, Intermountain’s earnings will not decrease because of the proposed change in prices and revenues.
If approved, residential customers using natural gas will see an average decrease of 8.1 percent or $3.32 per month based on average weather and usage. Commercial customers, on average, would see a decrease of 9.2 percent or $16.42 per month.
The company is also proposing to eliminate the temporary surcharges and credits that have been included in its current prices during the past year. Newer temporary surcharges and credits will be included going forward.
“Because of industry-specific technological advances in exploration and production, nationwide supply of natural gas continues to outpace demand, which contributes to lower natural gas prices,” said Scott Madison, Executive Vice President and General Manager of Intermountain Gas. “In addition, Intermountain continues its long tradition of prudent management of pipeline capacity and summer storage to ensure the best prices for our customers. We are proud to offer some of the lowest prices for natural gas in the region and country.”
Even with this proposed price decrease, Intermountain continues to urge all its customers to use energy wisely. 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 Purchased Gas Adjustment application is filed each year to ensure the costs Intermountain incurs on behalf of its customer 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, and on its homepage at www.puc.idaho.gov as well as the company’s website at www.intgas.com . Written comments regarding the application may be filed with the commission. Customers may also subscribe to the commission’s RSS feed to receive periodic updates via email.
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