Idaho regulators approved a 4.5% rate decrease for Intermountain Gas Co., underscoring the continuing decline in wholesale natural gas prices. It represents the fifth consecutive rate decrease for the MDU Resources Group gas-only utility. The Idaho Public Utilities Commission (PUC) cited various reasons for the continuing slide in retail rates, including abundant domestic supplies, pipeline capacity, record quantities of stored gas and the absence of natural disasters interrupting supply deliveries. Intermountain’s rates for supply and transportation of gas dropped from 45.35 cents/therm to 41.8 cents/therm.

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