BOISE, ID – August 14, 2020 – 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 increase of 3.66% or approximately $8.6 million. If approved, the increase would be effective Oct. 1, 2020.
The primary reason for the proposed increase is a forecasted increase in gas commodity costs for the upcoming year. Because the price of natural gas is a pass-through charge directly to its customers, Intermountain’s earnings will not increase because of the proposed change in prices and revenues.
If approved, residential customers would see an increase of 3.66% or $1.41 per month based on average weather and usage. Commercial customers, on average, would see an increase of 4.29% or $7.11 per month.
“We have been able to maintain declining prices for five straight years, but the new proposal, which asks for an increase, is due to under collecting costs last year and forecasted increased costs for the upcoming year,” said Scott Madison, executive vice president, business development and gas supply. “Those increases are partially offset by the company’s management of its significant natural gas storage assets and the sale of liquified natural gas from the company’s LNG facility.”
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 PUC. 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. 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 381,000 residential, commercial and industrial customers in 76 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.