Intermountain Gas Company Files Price Increase as Part of Annual PGA
Intermountain Gas Company filed its annual purchased gas cost adjustment 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. 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 the company’s website.
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