SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 5, 2001
INDIANA GAS COMPANY, INC.
(Exact Name of Registrant as Specified in Its Charter)
INDIANA
(State or Other Jurisdiction of Incorporation)
1-6494 35-0793669
(Commission File Number) (IRS Employer Identification No.)
20 N.W. Fourth Street
Evansville, Indiana 47741
(Address of Principal Executive Offices)(Zip Code)
Registrant's Telephone Number, Including Area Code: (812) 465-5300
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Item 5. Other Events.
Vectren Corporation provides update on Gas Cost Adjustment Proceedings and
Commission Order
On October 11, 2000, Indiana Gas Company, Inc. (Indiana Gas) filed for approval
of its quarterly gas cost adjustment (GCA). In early December, the Indiana
Utility Regulatory Commission issued an interim order approving the request by
Indiana Gas for a GCA factor for December 2000. On January 4, 2001, the
Commission approved the January and February 2001 GCA as filed. The order also
addressed the claim by the Office of the Utility Consumer Counselor (OUCC) that
a portion of the requested GCA be disallowed because Indiana Gas should have
entered into additional commitments for this winter's gas supply in late 1999
and early 2000. In procuring gas supply for this winter, Indiana Gas followed
the gas procurement practices that it had employed over the last several years.
In response to the claim by the OUCC, the Commission found that there should be
a one-time, $3.8 million disallowance related to gas procurement for the winter
season. As a result, Indiana Gas expects to recognize a pre-tax charge of $3.8
million during fiscal year 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INDIANA GAS COMPANY, INC.
(Registrant)
Dated: January 5, 2001 By: /s/ M. Susan Hardwick
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M. Susan Hardwick
Vice President and Controller
