Rates are going down for customers of the Intermountain Gas Company. The Idaho Public Utilities Commission has approved a 4.5 percent decrease in rates, effective Feb. 1.  Natural gas prices continue to decline for various reasons, the commission said.

“Supply is abundant due to new drilling technologies and pipeline infrastructure.  Record quantities of stored gas also exist, and there has been no material hurricane activity that might otherwise interfere with delivery.”  At least once each year, Idaho’s electric and gas utilities submit a cost adjustment that tracks the costs of power and gas supply that vary from year to year. This is Intermountain Gas Company’s fifth consecutive request for a reduction in natural gas  rates. The company serves about 312,000 customers in 74 communities across southern Idaho.