20241001News Release.pdf

Idaho Public Utilities Commission Brad Utde,Governor
P.O. Banc 83720, Boise, ID 83720-0074 Eric Anderson, President
Jar R.Hammor4 Jr, Commissioner
Edward Lodge,Commissioner
Case No. INT-G-24-04
Order No. 36338
Contact: Adam Rush
Office: [phone]
E-mail: [e-mail]
NEWS RELEASE: Commission approves natural gas utility's application for new rates resulting
from purchased gas adjustment.
BOISE (Oct. 1, 2024)—The Idaho Public Utilities Commission has approved an application
from Intermountain Gas that will result in a decrease in the rates it charges customers.
The rate changes are the result of the utility's purchased gas adjustment(PGA). The rates
Intermountain Gas charges include a base-rate component and a gas-related cost—PGA
component. The base-rate component is designed to cover the utility's fixed costs to serve its
customers. These include costs for equipment and facilities to provide service, and rarely change.
The PGA is a commission-approved mechanism that adjusts rates up or down to reflect changes
in the utility's costs to buy natural gas from suppliers, including changes in transportation,
storage and other related costs. Intermountain Gas defers these costs into its PGA account and
passes them on to customers through an increase or decrease in rates.
The commission's approval of the application will result in a decrease of$6.69, or 13.14 percent,
for typical residential customers' monthly bills. A typical commercial customer's bill will
decrease by $33.26, or 14.16 percent per month.
The rates are effective from Oct. 1, 2024, through Sept. 30, 2025.
Additional information is available at: puc.idaho.gov/case/Details/7353.