20210806News Release and Customer Notice.pdf

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NEWS RELEASE
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Intermountain Gas Company liles increase in prices as part of annual PGA
BOISE, lD -August 6, 2021- 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
9.6Yo or approximately $24.2 million. If approved, the increase would be effective Oct. 1,202t.
The primary reason for the proposed increase is a forecasted increase in gas commodity costs for the upcoming
year. Demand has rebounded more quickly than supply from the pandemic. 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 $3.63, or 9.0%o, per month based on average weather
and usage. Commercial customers, on average, would see an increase of $20.56, ot l2%o, per month.
"The economic rebound, coupled with the increased demand by natural gas fred electric generation because of
higher sunmer temperatures, is increasing the commodity price," said Scott Madison, executive vice president,
business development and gas supply.
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
ln com/saveen . Conservation tips, information on govemment 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.sov, 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 391,000 residential,
commercial and industrial customers in 76 communities in southern ldaho. Intermountain is a subsidiary of
MDU Resources Group, Inc., a Fortune 500 company and member of the S&P MidCap 400 and the S&P High-
Yield Dividend Aristocrats indices, and is Building a Strong America@ by providing essential products and
services through its regulated energt delivery and construction materials and services businesses. For more
information about MDU Resources, see the company's website of vttt,v'.mdu.c'om. For more information about
Intermountain, visit tt,v,tr,. in t qas. c om.
Media Contact: Mark Hanson at 701-530-1093 or [e-mail].
6 INTERI\,IOUNTA|N'
GAS COMPANYAg,dd/,rydndJA.aMedo,tE.
Customer Notice
Intermountain Gas Company files increase in prices as part of annual PGA
BOISE, lD - August 6,2021 - lntermountoin Gos Compony filed its onnuol purchosed gos cost odiustment (PGA)
opplicotion with the ldoho Public Utilities Commission to chonge its prices by on overoge increose of 9.6% or opproximotely
$24.2 million. lf opproved, the increose would be effective Oct. I , 2021.
The primory reoson for the proposed increose is o forecosled increose in gos commodity costs for the upcoming yeor.
Demond hos rebounded more quickly thon supply from the pondemic. Becouse the price of nolurol gos is o poss{hrough
chorge directly to ils customers, lnlermountoin's eornings will not increose becouse of the proposed chonge in prices ond
revenues.
lf opproved, residentiol customers would see on increose of $3.63, or 97o, per month bosed on overoge weother ond usoge.
Commerciol cuslomers, on overoge, would see on increose of $20.56, or 12Y", per month.
"The economic rebound, coupled with the increosed demond by noturol gos fired electric generotion becouse of higher
summer lemperolures, is increosing the commodity price," soid Scotl Modison, execulive vice presidenl, business
development ond gos supply.
lnlermountoin Gos urges oll customers to use energy wisely. For more informotion obout the compony's energy efficiency
progrom ond ovoiloble reboles for instolling high efficiency equipment, visit www.intgos.com/soveenergy. Conservotion tips,
informotion on government poyment energy ossistonce ond progroms to help consumers level out their energy bills over the
yeor con be found on he compony's website www.intgos.com.
The PGA opplicotion is filed eoch yeor to ensure the costs lntermounloin incurs on beholf of ib customers ore reflected in its
soles prices. The requesl is o proposol ond is subiect to public review ond opprovol by the PUC. A copy of the opplicotion is
ovoiloble for review of lhe commission, its homepoge www.puc.idoho.gov, os well os the compony's website
www.intgos.com. Writlen comments regording the opplicotion moy be filed with the commission. Customers moy olso
subscribe to the commission's RSS feed to review periodic updotes vio emoil.