Please note that the IPGA headquarters will be closed for the holidays on the following days:

• Friday, December 23
• Monday, December 26
• Friday, December 30
• Monday, January 2

The staff at IPGA would like to extend our wishes for a safe and happy holiday season to you and your family.

The IPGA Board of Directors is looking to hear from you. Please take a moment to give us your opinion about IPGA membership benefits. Your responses will help us better serve you!

by Meteorologist John Bagioni, Fax-Alert Weather Service, LLC

Classic La Nina Ebb and Flow:

• Bitter cold surge overwhelms the Midwest in the short-term
• Colder than normal conditions last into December 30th
• Pattern relaxation with milder than normal temps likely during the December 31st through January 10th period
• Next cold loading period develops in the January 10-15, 2023 timeframe
• Read more...

Meteorologist John Bagioni | FAX-ALERT WEATHER SERVICE, LLC 

(860) 675-9091 | john@faxalertweather.com

Rebates are available for the IPGA Propane Appliance Safe Installation Program but time is running out! New furnaces purchased after March 1, 2022 are eligible for a $300 rebate. New water heaters are eligible for $200 or $300 rebates, depending on the purchase date. The 2022 program ends on December 31, 2022. Learn more...

In this issue, we are highlighting customer service representative training. For many the holidays bring festivities, joy, wonder and fun with families. At the same time, holidays can bring stress, anxiety, short fuses, and terse attitudes. Having well-trained CSRs can make all the difference at any time of the year – but especially as the holidays approach. PERC has CSR training modules available for your staff. Learn more about the CSR modules in The PERC Learning Center.

To use this module or find other modules, click here. You will find Industry & Market Training modules, CETP Training modules, Safety & Technical Training modules and many other valuable resources and tools.

The Indiana Propane Gas Association will host it’s Annual Day at the Statehouse, in conjunction with a Membership Meeting on Wednesday, January 25, 2023. All members are welcome and encouraged to attend, registration is required. Learn more

8:15am – 9:00am Committee Meetings & Continental Breakfast

9:00am – 11:00am Board & Membership Meeting

11:00am – 11:30am Statehouse Visits

11:30am – 1:00pm Lunch at the Statehouse

By Mathew Norris, Krieg DeVault

Revenue Forecast

Krista Ricci, Senate Majority Fiscal Analyst, presented the 2023, 2024, and 2025 Revenue Forecast with Hari Razafindramanana of the State Budget Agency. The updated revenue forecast adds nearly $370M more than expected to Fiscal Year (FY) 23 for a total of $1.6B and $1.24B in FY 24-25, bringing Indiana's structural surplus to $2.5B and total combined balances to nearly $4.8B by the end of State Fiscal Year (SFY) 2023. A detailed chart of the total General Fund Revenue Forecast is available here. State agencies have requested more than $700M in new spending.

Economic Forecast

Tom Jackson, principal economist for U.S. Regional Economics, presented the Economic Forecast. The state economy remains on solid footing, despite broader economic concerns. Recently improved real and financial conditions are expected to delay the onset of a milder recession going into 2023. Indiana’s projection of real GDP growth in 2022 ranged from 1.8 to 1.9% and -0.2% to 0.3% in 2023; In 2024, GDP is expected to grow 1.8%. Inflation is expected to ease from 4.6% in Q3 of 2022, to 2.6% by Q4 in 2023.

Indiana’s labor force participation is still in recovery mode, which may cause a reduction in business activities. Indiana has experienced an increase in payroll gains, providing short term growth, but making it more difficult to reduce inflation. Hoosiers over age 55 are increasing in retirement numbers, with some leaving the workforce to provide care for parents or grandchildren, or experiencing difficulty moving for new jobs due to affordability.

Residential fixed investment is down 16.3% and will create a large impact as it is a major contributor to overall GDP value. Higher mortgage interest rates and increased costs for building materials have led to a decrease in new home building in addition to decreased sales of existing homes. The pace of homebuilding in 2023 is expected to slow down, contributing to the already short supply of housing, especially for younger age groups.

Indiana’s unique position in the auto manufacturing industry will help moderate a recession thanks to increased demand and production of automobiles and an ease in supply chain shortages for materials including semiconductors.

Committee Assignments Released

The House and Senate have released standing committee assignments for the 2023 Legislative Session. Please see attachments for a full list of assignments in each chamber.

Rising leaders of the propane industry, please consider participating in PERC’s inaugural Leadership in Energy Ambassadors program. The goal is to identify individuals across the country to engage in an educational program that will provide critical content, competency development, and tools to inspire our industry members to find their voice and become ambassadors for propane in the national energy conversation, which is both dynamic and growing.

To be considered for this program, eligible individuals must:

• Receive a nomination from their company owner or CEO
• Submit an online application before January 15, 2023, here
• Complete the pre-work assigned in the online learning center (about 2 hours)
• Attend the Leadership in Energy Ambassadors Conference
• Engage in post-conference activities that will highlight propane’s benefits in your community

The Leadership in Energy Ambassadors Conference will be held on March 28-29 in Sarasota, Florida.

Children of employees of NPGA member companies, state propane associations, or PERC are eligible to apply. Applicants may pursue any course of study at two- and four-year colleges or technical, trade, or vocational schools. Students pursuing propane-related careers are especially encouraged to apply! Every year, the NPGF/SF awards $1,000 and $2,000 scholarships to 100+ students. Learn more about this opportunity including important FAQs. Apply here. Questions? Contact scholarship@npga.org

The information contained herein is provided as a service by the Indiana Propane Gas Association (IPGA) for the purpose of education, communication, and information and IPGA accepts no liability relative to the contents, accuracy or use of these services. Nothing in this publication is intended to be construed as legal advice. The user is strictly cautioned to seek legal assistance when attempting to determine any legal rights, responsibilities and procedures with respect to business affairs, coding, or other legal aspects of operating a propane company. IPGA disclaims any and all liability for injury and/or other damages which result to a user from the material offered or discussed herein.



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Indiana Propane Gas Association

317.655.4444