20231002Intermountain Gas Press Release Rate Reduction.pdf

Case No. INT-G-23-04
Order No. 35942
Contact: Adam Rush
Office: [phone]
E-mail: [e-mail]

NEWS RELEASE: Commission approves natural gas utility’s application that will reduce rates.

BOISE (Oct. 2, 2023) – The Idaho Public Utilities Commission recently approved
Intermountain Gas Company’s application that will reduce rates for most customers, including
residential and commercial customers.

The new rates will reduce the utility’s annualized revenues collected through the Purchased Gas
Adjustment by about $86.9 million. Intermountain Gas said a typical residential customer will
see a monthly decrease of $11.96 and a typical commercial customer will see a monthly decrease
of $72.88.

The utility’s rates include a base-rate component and a gas-related cost component. The base-rate
component is intended to cover Intermountain Gas’ fixed costs to serve its customers. These
include costs for equipment and facilities to provide service. The Purchased Gas Adjustment—
gas-related costs—allows the utility to adjust rates up or down to reflect changes in the costs to
purchase natural gas. This includes changes in transportation, storage, and other related costs.

The rate reduction will be in effect until Sept. 30, 2024.

Additional information is available at puc.idaho.gov/case/Details/7095.