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Ohio Valley Gas Corp and Ohio Valley Gas Inc $25 Million Debt Financing Approval

The Indiana Utility Regulatory Commission approved Ohio Valley Gas Corporation and Ohio Valley Gas Inc.'s application to arrange long-term debt financing up to $25,000,000 in aggregate principal amount. The Commission authorized the utilities to use proceeds to reimburse treasury for capital expenditures, refinance existing debt obligations, and fund ongoing system improvements. As of October 31, 2025, OVG's net utility plant in service was valued at $63,121,611 with outstanding market capitalization of $80,518,692. If fully drawn, the new financing would shift OVG's debt-to-equity ratio from 16.54% debt to approximately 26% debt and 74% equity, with incremental annual debt service increasing by approximately $1,200,000. The order was entered on April 22, 2026, following an evidentiary hearing held March 10, 2026.