Good news for Intermountain Gas customers. The Idaho Public Utilities Commission says some rates will decrease -- after the PUC approved the company's Purchased Gas Cost Adjustment proposal.
The annual PGA is a way natural gas rates can be adjusted each fall -- to reflect changes in the costs of purchasing gas from suppliers. Costs include transportation, storage, and other related expenses the utility incurred in acquiring and delivering natural gas to about 350,000 customers across southern Idaho.
The Idaho Public Utilities Commission approved the proposal that calls for returning to customers about $24.5 million -- which means about a ten percent decrease to the residential customer, or an average of $4.12 per month.
Officials say Intermountain Gas customers will see a reduction of almost twelve percent on average -- or $21.89 per month -- when the new PGA takes effect October first.
While residential, general service and large volume customers will see a reduction in rates because of the PGA change, rates will increase for some industrial customers, said PUC officials.