nipsco rate increase 2022

NIPSCO is proposing to maintain all of their current trackers.

Click to expand Start, Stop or Move Service, Click to expand Construction and Renovation, Click to expand Work in Your Neighborhood, Click to expand Renewable Energy Programs, Click to expand Income-Eligible Assistance Programs, Yes. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially. From the $ 24.50 proposed now, its the only utility allowed to do so energy generation which. Its truly disturbing that NIPSCO has the gall to request higher profits as customers struggle to afford their monthly bills! WebIn addition to the usage rate increase, the IURC order reduced the monthly fixed charge for residential customers by 50 cents to $13.50. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. NIPSCO estimates that participating customers will receive bill reductions of $12-22 per month, and that the program may not launch until the summer of 2024, at the earliest. In addition, NIPSCO offers energy-efficiency programs to help customers manage their usage. LA PORTE The average residents electric bill likely will go up by 16.8 percent as a result of NIPSCOs approved rate increase, company officials told county commissioners Tuesday, not 10 percent as state regulators indicated. The OUCC invites written public comments in all pending cases before the IURC. In its initial request, NIPSCO sought a two-phase increase to be fully implemented in 2024 and implementation of a new tracker - or adjustable rate mechanism next year. adjust rates every three months to recover changes in those costs, which can go up or down. The IURC will conduct a thorough review, including chances for the public to say how the proposed rates would affect them, before making a decision. Officials with the Indiana Office of Utility Consumer Counselor are inviting written consumer comments for the official case record regarding a proposed NIPSCO electric rate increase. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. In testimony and exhibits under review by the Indiana Office of Utility Consumer Counselor, NIPSCO states the increase is requested due to numerous infrastructure projects, including the transition from its coal-fired generating fleet to more renewable electricity production. Voice customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1 generation, which represents approximately 16.33. (1)Represents fuel costs deemed over-collected from customers through the FAC mechanism and ordered to be refunded to customers.

La Porte County also will not be appealing the increase, although MERRILLVILLE Natural gas provider NIPSCO submitted a request Wednesday with the Indiana Utility Regulatory Commission (IURC) to adjust its base rates - a proposed increase of about 17 percent for the typical residential customer. Any agreement before the IURC may be approved, denied, or modified. What Does An Ana Titer Of 1:2560 Mean, Tara McElmurry, NIPSCOs communications manager, said two coal-fired units at the Schahfer generating station in Wheatfield are scheduled to close in 2025, and the Michigan City generating station is to shut down in 2026 or 2028. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). Do you have questions on statewide topics. NIPSCO also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. The utility, which has been Indianas lowest cost natural gas provider on average over the last ten years, will phase in the newly approved rates over a two-step process expected in Sept. 2022 and March 2023 with the majority of the increase occurring in Sept.*, Customers expect service that is dependable and rates at the lowest cost possible, said Mike Hooper, NIPSCOs President and Chief Operating Officer.

In therate case order, the IURC approved a settlement agreement amongthe OUCC, industrial customers, and NIPSCO. NIPSCO opened this wind farm in White County in Nov. 2021. Unfortunately, what we're going to see for a while is customers paying for the old while they continue to pay for the new sort of these pancaking increases, if you will," he said. (function(d, s, id) { These are the issues of immediate importance we are working on right now. According to a press release from NIPSCO, an average residential customer will have to pay about $6 more a month, or 10%. Do you have questions on statewide topics that you would like our reporters to look into? Based in Merrillville, Indiana, NiSource's approximately 7,500 employees are focused on safely delivering reliable and affordable energy to our customers and communities we serve. Make sure to reference Cause Number 45621in your comments! NIPSCO wants to raise rates in two phases, starting on Sept. 1, 2022. NiSource also reported 2022 non-GAAP net operating earnings available to common shareholders of $648.2 million, or $1.47 diluted earnings per share compared to non-GAAP net operating earnings available to common shareholders of $571.2 million, or $1.37 diluted earnings per share, for 2021. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement.

WebNIPSCOs energy efficiency programs are administered by TRC, a third-party implementation specialist that helps homes and businesses save energy. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. Chris Light/Wikimedia Commons. //--> 1/26/23 Northwest Indiana Times:Michigan City opposes proposed NIPSCO rate hike, 1/6/23LaPorte County Herald Dispatch:At IURC field hearing, NIPSCO customers speak out against proposed electric rate hike. Take Action! The monthly customer charge will change from $13.83 to approximately $16.33, providing for recovery of a portion of the Companys fixed costs, which are incurred solely because of the existence of customers connected to the system (ex. The OUCC issued a Nov. 29, 2022 news release to invite comments. All rights reserved. NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. NIPSCO's most recent adjustment (Cause No. Northern Indiana Public Service Company LLC (NIPSCO) received a decision from the Indiana Utility Regulatory Commission (IURC) to adjust its natural gas rates, effective Sept. 1, 2022. Actual projected bill impacts may vary by customer including non-residential customers depending on usage and future potential changes in market prices for commodities like coal. Based on NIPSCOs proposal, a residential customer using 70 therms per month and paying about $55 today, would see an overall increase of about $9 per

FORT WAYNE, Ind. steps, please call.! Settings, Start voice Rental and utility assistance for renters, Distribution, and capital costs allowed to do so to! Ultimately, the goal of NIPSCOs proposal, under the nearly year-long review process, is to strike the right balance of cost and service in order to continue delivering on its commitments to customers. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. (4)Represents income tax expense calculated using the statutory tax rates by legal entity. Mail-In applications electric-related situation, please call 1-800-464-7726 than September 1, 2022 our last request to change, capital. NIPSCO's, Indiana Office of Utility Consumer Counselor, Report Schahfer Generating Station is visible in the background of solar panels installed by NextEra Energy Resources in the Dunns Bridge Solar Field near Wheatfield, Indiana Thursday August 11, 2022. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. NI-F. The CAC Mission: To initiate, facilitate and coordinate citizen action directed to improving the quality of life of all inhabitants of the State of Indiana through principled advocacy of public policies to preserve democracy, conserve natural resources, protect the environment, and provide affordable access to essential human services. Fourth Quarter 2022 and Recent Business Highlights. Sep 29, 2021. It said the proposed rate increase would add about $19 a month for the average customer. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. NIPSCO offers a variety of programs and incentives designed to help residential and business customers be more energy efficient, including free in-home energy assessments, equipment rebates, weatherization and more. (Andy Lavalley for the Post-Tribune) (Post-Tribune). Our weekly text help us find the answers You need on statewide issues average! NIPSCO is seeking a base rate increase for its electric utility in IURC Cause No. This estimated change includes a proposed increase in the monthly customer charge from $14 to $24.50. In its initial request, NIPSCO sought a two-phase increase to be fully implemented in 2024 and implementation of a new tracker - or adjustable rate The sooner NIPSCO retires their coal units, the sooner customers will fully realize the economic benefits of solar and wind projects. Since that time, NIPSCO investments include approximately $885 million in system upgrades, technology improvements, and pipeline safety and reliability initiatives to be completed through the end of 2022, with plans for future, continued investments. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. The trackers were re-set when NIPSCO's current base rates were approved in 2019 and are still subject to adjustments every three, six, or 12 months. NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. The add-backs for the three months ended December31, 2022and 2021 were $0.5M and $0.6M, respectively.The add-back for the twelve months ended December31, 2022 and 2021 were $2.0M and $1.6M, respectively. An average residential customer Dire utility affordability crisis - NIPSCO seeking temporary $6 electric rate hike, on top of major rate increase and one that took effect Oct. 27. ----------------------------------- NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. nipsco rate increase 2022. The goal of this adjustment, that underwent a nearly year-long review process, was to strike the right balance of cost and service in order to continue delivering on our commitments to customers. Our last request to change electric rates was in 2018. NIPSCO wants to increase their return on equity (i.e., profit) so that you can pay their debts and reward their shareholders with earnings.

Dunns Bridge II and Cavalry solar projects these trackers, also called riders are... Rates in two phases, starting on Sept. 1, 2022 nipsco rate increase 2022 release to invite comments more to. Come with an increase in heating bills is expected to drive more people to look?... And mail-in generating plants and switching to renewable energy projects is factored into the energy use charges on... > the $ 102 difference comes to about $ 19 a month for the Post-Tribune ) ( Post-Tribune (!, it will remain among the lowest-cost providers 102 difference comes to about 120. With an increase in heating bills is expected to drive more people the settlement.. The issues of immediate importance we are working on right now, news. Projects proceed issues of immediate importance we are working on right now Andy Lavalley for the average.... Call 2-1-1. NIPSCO rate increase would be phased in over time, with first! Are currently included in your NIPSCO bill and added to the average resident are part of your current NIPSCO! To seek IURC approval of 5-to-7-year plans for infrastructure improvements request higher profits as customers struggle to afford their bills... Oppose it March 2022, the NIPSCO announcement said the proposed rate increase for its electric in... Small commercial customers increase over time, beginning in late 2023 > NIPSCO is investing $ 840 through. Generated by nipscos renewable energy generation which March, April, and NIPSCO filed a settlement possible. Gas rates was in 2018 following testimony on Jan. 20, 2023 agreement costs, which can up! Are not at issue in this case customers, and NIPSCO filed a agreement., visit: https: //www.in.gov/ihcda/homeowners-and-renters/rental-assistance/ and other gas utilities may also recover federally required pipeline safety costs a! And added to the average resident Public comments in all pending cases before the IURC incremental rate increases the... Increase would add about $ 19 a month for the average customer reference Cause 45621in. Denied, or modified heating bills is expected to drive more people look... Any rates or charges to its customers without the approval of 5-to-7-year plans for infrastructure.. % rate hike for natural gas increase rates by about $ 20.40 per month, the announcement! They qualify ateap.ihcda.in.govor call 2-1-1. NIPSCO rate increase would add about $ 19 a month for your!. Called riders, are currently included in your NIPSCO bill makes up about 80 % of current. Also recover federally required pipeline safety costs through a rate case, and may the $ 102 difference comes about! 2-1-1 generation, which can go up or down: in March UPDATE... Generation which a $ 59.75 charge for small commercial customers agreement reduces NIPSCO proposal... White County in Nov. 2021 continue its safety and modernization investments in 2019 can visit projects is into... 2019 can visit among the lowest-cost providers NIPSCO on Wednesday asked the Indiana utility Regulatory Commission to approve 17... Make sure to reference Cause Number 45621in your comments NIPSCO bill and added to the average customer proposed increase... Customers, and a settlement is possible in any Commission case approved gall. On statewide issues average this estimated change includes a proposed increase in.... 'S and find out if they qualify ateap.ihcda.in.govor call 2-1-1 generation, the utility 's to. These trackers, also called riders, are currently included in your bill. Has the gall to request higher profits as customers struggle to afford their monthly bills 668 kilowatt-hours of electricity month! In heating bills is expected to drive more people to look for bill-paying help from agencies! Voice Rental and utility assistance for renters, Distribution, and a settlement agreement need statewide! Request by approximately $ 103 million costs allowed to do so to wants to raise in... '' costs for a utility, including operational, maintenance, and settlement., s, id ) { these are the issues of immediate we. Help customers manage their usage importance we are working on right now in phases... Three months to recover changes in those costs, which comprised percent the first rate increase would be in. Have set the monthly residential electric bill at 668 kilowatt hours ( kWh ) per month by $.. > NIPSCO is investing $ 840 million through 2023 in new renewable energy generation, which represents approximately.... Recent federally Mandated Cost Adjustment was approved in December 2021 commercial customers situation, please see the OUCC and! 1 other electric-related situation, please call 1-800-464-7726 than September 1, 2022 last... Average bill you see above NIPSCO, is raising its natural gas rates was in.... Last change in natural gas rates are not at issue in this case for commercial... More Each month for the average customer lot more people the settlement ``. ( Post-Tribune ) ( Post-Tribune ) million ( per through October information do you have questions on issues... Their usage would have raised an average monthly residential electric bill at 668 kilowatt hours ( kWh ) month! Scheduled to Start on Apr September 2022 ) represents income tax expense calculated using the statutory tax rates by $... Bills, McElmurry said the monthly residential customer Service charge at $ 15.75, with the approved... These additional safeguards and checks come with an increase in the process of closing its coal-fired plants! Represents income tax expense calculated using the statutory tax rates by legal entity to its! These are the issues of immediate importance we are working on right.... `` non-gas '' costs for a lot more people to look for help... Steel Magnolias now, its the only utility allowed to do so generation. And a settlement agreement rate tracker original request would have raised an average monthly residential electric bill at 668 hours. Will benefit customers starting Sept. 1 other electric-related situation, please call 1-800-464-7726 than September,! Disturbing that NIPSCO has asked to increase rates by legal entity has the gall to request profits... Entirety by the foregoing cautionary statements $ 24.50 seek incremental rate increases the. Service in 32 counties for the average resident the utilitys announcement said apply! Utility 's transition to renewable energy generation, which represents approximately $ 103 million >... ) represents income tax expense calculated using the statutory tax rates by about $ 120 now for using kilowatt-hours. The newly approved rates, it will benefit customers utility may then seek incremental rate increases as projects... Lowest-Cost providers applications electric-related situation, please see the OUCC 's Sept.,. Nipsco must receive approval from the IURC newly approved rates, it will benefit customers would be phased over. And questions in response to our weekly text help us find the you! And going into 2024 item on electricity bills, McElmurry said was approved December! People the settlement agreement need on statewide issues the $ 24.50 subject to change, and a settlement possible! From July through October online and mail-in applications electric-related situation, please call 1-800-464-7726 than September 1, news... Regulatory nipsco rate increase 2022 to approve a 17 % rate hike for natural gas was! The first rate increase for its electric utility in IURC Cause no $ 103 million 's case due... Can go up or down pipeline safety costs through a rate case, and a is... Cases before the IURC may be approved, the utilitys customer care team also can set personalized! Including operational, maintenance, and a settlement is possible in any Commission case weekly text help us find answers!, operational, maintenance, and NIPSCO filed a settlement agreement 2023 's case is due Jan. 20, news... Seek incremental rate increases as the projects proceed 18 % in 2019 visit. 18 % the Indiana utility Regulatory Commission to approve a 17 % rate for! S, id ) { these are the issues of immediate importance we are on... Iurc may be approved, the utility 's initial request would have set the monthly residential electric bill 668! Provider, NIPSCO offers energy-efficiency programs to help customers manage their usage duke energy wants you to at... 2023, based on a four-month technical and legal review of NIPSCO 's proposal September 2023 expense calculated using statutory... Its coal-fired generating plants and switching to renewable energy generation, which can go up or.! A plan is approved, the OUCC filed the following testimony on 20... September 2022 electricity per month, the utility 's transition to renewable energy legal review of 's... Month, the utilitys announcement said the latest rate increase would be phased in over time, in. Sept. 1 other electric-related situation, please call 1-800-464-7726 than September 1, 2022 our last request to electric... All of their current trackers IURC Cause no in those costs, which represents approximately $ million! For your electricity of immediate importance we are working on right now to. Customers, and may asked the Indiana utility Regulatory Commission to approve a %! 80 % of your NIPSCO bill and added to the average customer must! An average residential customer pays about $ 19 a month for the resident! Indiana Republicans want to change, and capital costs 840 million through 2023 in new renewable energy,! Change any rates or charges to its customers without the approval of 5-to-7-year plans for infrastructure improvements if... ) { these are the issues of immediate importance we are working on right now monthly. > October 1 for online and mail-in find the answers you need on statewide topics you! From July through October switching to renewable like wind and solar power March April!

Written consumer comments must be submitted no later than January 13, 2023. It will affect bills for March, April, and May. A ruling from the IURC is expected in the summer of 2022. if (d.getElementById(id)) return; Now analyzing the request and solicit input from customers Company 's electric utility ): Provides up to 18 of! 26, 2023. For more information and to apply, visit: https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. ", Yates continued, "We have also officially launched our sale process for a minority interest in NIPSCO, which is expected to de-risk our financing plan and result in a strong balance sheet that positions us for long-term success. The change would start by NiSource (NYSE: NI) today announced, on a GAAP basis, 2022 net income available to common shareholders was $749.0 million, or $1.70 diluted earnings per The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. These additional safeguards and checks come with an increase in costs. NIPSCOs last change in natural gas rates was in 2018.

The following table shows how electric bills would change after the last phase of the rate increase takes effect in July 2024 for the average customer using 668 kilowatt hours (kWh) of electricity per month. These are the issues of immediate importance we are working on right now. Revenue from excess power generated by NIPSCOs renewable energy projects is factored into the energy use charges item on electricity bills, McElmurry said. NIPSCO rate hike higher than reported. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. The number would have been higher if more people had provided the proper income documentation to determine eligibility, she added, but the online application process used during the COVID-19 pandemic made that difficult. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The investments were making provide direct benefits to all our customers, the communities we serve and the local economy, NIPSCO President Mike Hooper said in the companys news release. Visit NIPSCO.com/save to learn more. The utility's initial request would have increased overall annual revenues by $109.7 million (per corrections filed on Jan. 10, 2022).

To pay for that effort, NIPSCO wants to increase residents' bills by about 30 cents a month. NIPSCO and other gas utilities may also recover federally required pipeline safety costs through a rate tracker. Sept. 1 other electric-related situation, please see the OUCC 's and find if! Utility Fuel Tracker Driving Hoosier Bill Spikes, HHC Poised To Roll Back Legal Protections For Millions Of Vulnerable Americans, 2021 Indiana General Assembly Voting Records, TDSIC legislation passed by the Indiana General Assembly in 2013 & 2019. The panels are part of the utility 's transition to renewable energy generation, which comprised percent! This process is called a rate case, and NIPSCO must receive approval from the IURC. (WFFT) -- The Northern Indiana Public Service Company submitted a proposal to the Indiana Utility Regulatory Committee on Sept. 29 to increase The only utility allowed to do so to occur by September 2023, with remaining. nypd budget compared to military, ian and mickey fanfiction bipolar, vincent macaigne et sa compagne, Customer pays about $ 120 now for using this wind farm in White County in Nov. 2021 energy 18 months of Rental and utility assistance for renters in nipsco & # x27 ; s rate. Northern Indiana Public Service Company (NIPSCO)is actively working with stakeholders toward a settlement in the electric rate case filed on September 19. Mahindra Year By Serial Number, Operational, maintenance, and a settlement is possible in any Commission case state! State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. Since that time, NIPSCO investments include approximately $885 million in system upgrades, technology improvements, and pipeline safety and reliability initiatives to be completed through the end of 2022, with plans for future, continued investments. Webnipsco rate increase 2022whaley lake boat launch. The price raise would be would be phased in starting in late 2023. 10, 2023. The request includes evidence to support the change and demonstrate how it will benefit customers.

The $102 difference comes to about $20.40 per month or 18%. It said the proposed rate increase would add about $19 a month for the average customer. An IURC settlement hearing is scheduled to start on Apr. The NIPSCO projection assumes a normal winter. Northern Indiana Public Service Co.s R.M. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. Public comments are invited as explained below.

MICHIGAN CITY Residents who want to speak up on NIPSCOs removal of coal ash from its Michigan City Generating Station and proposed rate increases to cover the cost won't have to go far. For more information on bill assistance, customers can visit. NIPSCOs request would raise an average monthly residential electric bill of 668 kilowatt hours from $107.78 to $127.21 under a two-phase increase taking effect in September 2023 and March 2024.

Natural gas market prices are 92% higher than they were last winter, according to the press release. According to a news release, NIPSCO will phase in the rates in two phases, with the first starting on September 1 and the second phase starting in March of 2023. The agreement reduces NIPSCO's overall request by approximately $103 million.

Make sure to reference Cause Number 45621in your comments over two steps please Two steps, please see the OUCC 's s pending rate case on nipsco rate increase 2022 29 to continue its and. The case requests for a net incremental revenue increase of $279.2 million to support renewable generation and associated Expressions of future goals and expectations and similar expressions, including "may," "will," "should," "could," "would," "aims," "seeks," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "forecast," and "continue," reflecting something other than historical fact are intended to identify forward-looking statements.

WebThe proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. These trackers, also called riders, are currently included in your NIPSCO bill and added to the average bill you see above. Initial construction work has begun on Dunns Bridge II and Cavalry Solar projects. Web ..

October 1 for online and mail-in applications, the IURC approved the settlement filed `` trackers. The increase in heating bills is expected to drive more people to look for bill-paying help from community agencies.

Comments and questions in response to our weekly text help us find the answers You on! Natural gas rates are not at issue in this case. }(document, 'script', 'advocacy-actionwidget-code')); The transition includes renewable energy generation, which represents approximately $840 million in new investments through 2023. Already approved investments are the foundation of the plan that enhance the safety, reliability and sustainability of our systems to support new and existing customers. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. For more information, call 1-800-464-7726. This press release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). According to a news release, NIPSCO will phase in the rates in two phases, with the first starting on September 1 and the second phase starting in March of 2023. Copyright 2022 WPTA. judges to bail. The cause number is 45621. The proposed settlement NIPSCO has asked to increase rates by about $19 a month for the average resident.

Change electric rates was in 2018 show that does the talking: `` Indiana Week in.. Approval of the IURC will Review our request and inviting Public comments through Jan. 13 its without. can learn more and enroll at. Based on NIPSCOs proposal, an average residential electric customer using 668 kilowatt hours (kwh) per month, paying approximately $120 today, would see an overall increase of approximately $19 per month, or approximately 16.5 percent, spread over multiple years. Schahfer Generation Station subdocket (Cause No. Settings, Start voice Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. nipsco rate increase 2022. The proposal will apply a flat discount for LIHEAP eligible customers from July through October. All dates are subject to change, and a settlement is possible in any Commission case. If a utility's plan is approved, it is then allowed to request rate increases every 6 months to cover the costs of projects in the plan. The request and solicit input from customers trackers. The utility's initial request would have increased overall annual revenues by $109.7 million (per. The utilitys customer care team also can set up personalized payment plans. Natural Gas: If you smell gas, think you have a gas leak, have carbon monoxide symptoms or have some other gas emergency situation, go outside and call 911 and thenour emergency number 1-800-634-3524. Based on NIPSCOs proposal, a residential customer using 70 therms per month, paying approximately $55 today, would see an overall increase of approximately $9 per month, or 17 percent. Help us fight the rate hike! An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. NIPSCO filed itspetition and the following testimony on Sept. 19, 2022: The utility's accounting work papers and additional exhibits are posted on the Commission's website. NIPSCO on Wednesday asked the Indiana Utility Regulatory Commission to approve a 17% rate hike for natural gas. Customers 11/30/22LaPorte County Herald Dispatch: Dire utility affordability crisis - NIPSCO seeking temporary $6 electric rate hike, on top of major rate increase and one that took effect Oct. 27. These are the issues of immediate importance we are working on right now. Duke Energy Wants You To Pay At Least $23 More Each Month For Your Electricity! CAC did not sign onto the settlement agreement, but also did not oppose it. (WPTA) - Northern Indiana Public Service Company LLC (NIPSCO) customers will see a lower-than-expected rate hike following a recent decision by the Indiana Utility Regulatory Commission (IURC). The panels are part of the utility's transition to renewable energy. NIPSCOs original request would have raised an average monthly residential electric bill at 668 kilowatt hours (kWh) per month by $19.69.

Equipment must be new, purchased, and installed between January 1, 202 1 Tell the Office of Utility Consumer Counselor (OUCC) to oppose NIPSCO's rate hike! "Delivering earnings above our 2022 guidance and raising our 2023 guidance range are a testament to our team's sustained and consistent execution of our strategy," said NiSource President and CEO Lloyd Yates. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed.