IURC News Release

Indiana Utility Regulatory Commission                                                                  

302 West Washington Street, Room 306                                                                     

Indianapolis Indiana  46204                                                                                           

317.232.2297 office

317.233.1982 fax



Contact:  Mary Beth Fisher


For Immediate Release                                                                                

March 14, 2001




Today the Indiana Utility Regulatory Commission approved a request by the Logansport Electric Utility to change its fuel cost charge for April, May and June.


The bottom-line in Cause No. 38705-FAC 50, means electric customers will see their bills decrease.  The average customer, who uses 1,000 kWh per month, should see savings of about $5.93 on his or her bill. 


Even though the Commission approved an increase in the fuel cost charge to be applied in the next quarters’ billing cycle, it found that the company over-collected its costs for October, November and December 2000.  The reduction is the result of the reconciliation of those costs.


The approved rate is subject to refund if the Commission finds that the company has over-earned when actual costs for April, May and June are determined.


Logansport Electric is still operating under restraints form the Environmental Protection Agency and must purchase coal with low sulphur content.   The company purchases approximately 55% of its power from PSI Energy.  The remainder is self-produced. The evidence shows that the company has made every reasonable effort to acquire fuel and generate or purchase power to provide electricity to its customers at the lowest reasonable price.


Logansport Electric serves nearly 13,000 residential and business customers.