NIPSCO's natural gas base rates were most recently approved in 2018. 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. NIPSCOs transition to a more balanced and reliable generation portfolio, which includes renewable energy, is the most cost-effective path for customers when compared with our current energy mix. The case's current schedule is available on the Commission's website. Hoosiers "in the know" are getting their answers from the show that does the talking: "Indiana Week In Review." Learn more at NIPSCO.com/save and NIPSCO.com/assistance. Yes, its important that customers understand they have a voice in the process in multiple ways through written comments (which the IURC encourages), at public field hearings and via various consumer advocacy organizations that participate in the process. Other Customer Benefits Associated with This Rate Increase Request: NIPSCO seeks to further its commitment to customers in several ways, including: Proposing new bill payment assistance programs for income-qualified customers, with a portion funded by NIPSCO, Continuing investments to thwart and protect its electric grid against cybersecurity threats, Upgrading and replacing overhead and underground cable to increase reliability, Modernizing the electric grid with automated technology that identifies problems and outages to enable us to restore service faster, Enhancing the overall customer experience through the introduction of a new mobile app, along with the ability for customers to connect with customer care agents online via live or automated chat, the continuation of energy efficiency programs and more. NIPSCO Communications Manager Tara McElmurry said supply chain shortages kept some of the utilitys solar projects from moving forward, which means they have to keep the Schahfer coal plant running for another two years. This proposal ensures customers are only paying costs as NIPSCO incurs them, and the associated savings of approximately $6 per month will be passed directly back to customers providing a more real-time benefit to customers. Brown coal plant over a longer period of time and at a lower rate. The proposed settlement would allow NIPSCO to increase the residential monthly fixed charge from $14.00 to $16.50, which is $8 less than NIPSCO requested. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. This request includes evidence to support this request and the benefits it will have to customers, and it will include the opportunity for public input, where customers will have an opportunity to have their voices heard. Visit NIPSCO.com/save to learn more. Based on NIPSCOs proposal to the IURC, 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. The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. A portion of this new program would be funded by NIPSCO. NIPSCO's most recent adjustment (Cause No. Study shows Indiana horse racing a $2B industry, Republicans push constitutional amendment to allow judges to withhold bail for many more defendants, Remote workers dominate Indiana's labor force. NIPSCOs natural gas base rates were most recently approved in 2018. Visit NIPSCO.com/Save for more information on available programs and other ways to save. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. A natural gas utility is allowed to earn a return on this portion of the bill. We currently forecast that benefit to be $50 million annually, depending on how much energy is ultimately generated from these sources. NIPSCO and other gas utilities may also recover federally required pipeline safety costs through a rate tracker. This estimated change . 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. If approved, the average NIPSCO Gas customer will see their monthly bill increase by 17%. 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. We are investing approximately $840 million in renewable energy projects to be completed by the end of 2023, as well as approximately $700 million in electric transmission and distribution system upgrades, and safety and reliability initiatives with plans for future, continued investments. If Indianas remote workers were classified as a job industry of their own, it would be the largest industry in the states history. Contact reporter Rebecca atrthiele@iu.eduor follow her on Twitter at@beckythiele. Copyright 2023 State of Indiana - All rights reserved. In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. OUCC testimony in NIPSCO's pending rate case is due Jan. 20, 2023. (Andy Lavalley for the Post-Tribune) (Post-Tribune). (WISH) Northern Indiana Public Service Co. has proposed a 16.5% electric rate increase over two years, the company announced Monday. Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly, semi-annual or annual basis. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. Base Rates Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. Natural gas rates are not at issue in this case. These are the issues of immediate importance we are working on right now. The northern Indiana utility NIPSCO wants to raise rates to pay for new renewable energy projects, but some of the money would also go to maintain its coal plants. View NIPSCO's rate case order Frequently asked questions Why now? 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. Current base rates for NIPSCO's electric utility were approved in 2019. The total overall expected change represents an increase of $71.8 million annually. 2. Accessibility Issues. 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. An average residential customer will see an expected overall increase of approximately $6 per month, or 10 percent following the two-step change which is lower than the previously proposed increase request of 17 percent. NIPSCO Gas is now back before the IURC with another demand to raise monthly gas bills in Cause Number 45621. NIPSCO's most recent adjustment (Cause No. 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. NIPSCO's most recent adjustment (Cause No. NIPSCO has asked to increase rates by about $19 a month for the average resident. FORT WAYNE, Ind. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. Customers can learn more and enroll at NIPSCO.com/PaymentPlans. The cause number is 45621. Electric rates were not at issue in this case. 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. 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. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). Since that time, NIPSCO says they spent nearly $885 million in system upgrades, technology improvements, with pipeline safety and reliability initiatives to be completed through the end of 2022 . Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. Duke Energy Wants You To Pay At Least $23 More Each Month For Your Electricity! The panels are part of the utility's transition to renewable energy. 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. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. The bill would then rise to $133.43 under a new "tracker" or rate adjustment mechanism that would gradually raise rates beginning in July 2024. 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 . NIPSCO has prepared a detailed rate request that will be fully reviewed by the IURC. 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. Copyright 2023 State of Indiana - All rights reserved. An average residential customer pays about $120 now for using. In order to continue to deliver a safe, reliable supply of electric service, we must continue to invest in our system to upgrade aging infrastructure, just as investments are made in bridges, roads and other infrastructure in our cities, towns and communities. NIPSCO's natural gas base rates were most recently approved in 2018. NIPSCO also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. It will affect bills for September, October, and November. It will affect bills for December, January, and February. The utility wanted a $10 increase. (WFFT) -- The Northern Indiana Public Service Company submitted a proposal to the Indiana Utility Regulatory Committee on Sept. 29 to increase gas rates by 17 percent in a year. NIPSCO opened this wind farm in White County in Nov. 2021. The company, a subsidiary of NiSource, said that if the IURC approves the increase its average residential customer using 668 kilowatt hours per month and currently paying $120 would pay $19 more. 45772) are available on the IURC's website. Outside of the state and federal energy assistance programs and moratorium on winter service disconnections, NIPSCO provides funding for an additional bill reduction program, credit arrangements, budget plans and reduced deposits for eligible customers, including: Payment Agreements: NIPSCO has expanded its payment plan agreements to offer its most flexible payment plans to customers that need financial support, including a three-month option, a six-month option introduced during the pandemic and a 12-month option for eligible LIHEAP customers. Visit, https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. The increase would likely be phased in over two steps, starting no sooner than September 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. Some Indiana Republicans want to change the state constitution to allow judges to withhold bail entirely for a lot more people. The Internet version of Northern Indiana Public Service Company's Electric Tariffs and Gas Tariffs is not the official version. NIPSCO's natural gas base rates were most recently approved in 2018. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. Northern Indiana Public Service Companys most recent electric rate increase went into effect Jan. 1, 2020, raising the average residential bill by $6 a month. Columbia Gas of Ohiois preparing its response to the Public Utilities Commission of Ohio staff report filed on April 6, 2022 in its rate case. NIPSCO current electric base rates received Commission approval in 2019. This is above and beyond the significant increases we saw in the cost of natural gas itself throughout 2021, which has hit Hoosiers hard in recent months. adjust rates every three months to recover changes in those costs, which can go up or down. Additional information can be found at, Customers experiencing difficulty with paying their bill regardless of their income are encouraged to contact our Customer Care Center Monday through Friday between 7 a.m. and 7 p.m. CT at 1-800-464-7726 to determine what help might be available to them. Electric Rates - NIPSCO Electric Rates See our rates and tariff Electric Service Tariff (Entire Book) Table of Contents Electric rate adjustment history pdf Historical Appendix B FAC Factors 64.1 KB pdf Historical Appendix C RTO Factors 74.1 KB pdf Historical Appendix F RA Factors 72.9 KB pdf Historical Appendix G DSM Factors 89.3 KB pdf LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). We are also in the process of a multiyear initiative to close our coal-fired generating stations and replace them with more efficient and sustainable sources of renewable generation such as solar, wind and battery storage. 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. The program opens on October 1 for online and mail-in applications. All publicly filed documents in this case (Cause No. The utility's initial request would have increased overall annual revenues by $109.7 million (per. NIPSCO's case is in the early stages, with the OUCC now analyzing the request and inviting public comments through Jan. 13. He said the group supports NIPSCO's transition away from fossil fuels, but hopes the utility will explore ways to reduce the financial burden on its customers. Meanwhile, our costs to provide electric service to 483,000 customers across northern Indiana have increased and continue to increase as we upgrade our services and infrastructure today so were prepared to safely and effectively meet tomorrows energy needs. 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, Index of Cities, Towns and Unincorporated Communities Furnished Gas Service, General Rules and Regulations Applicable to Gas Service, Large Transportation and Balancing Service, Off-Peak Non-Residential Interruptible Negotiated Service, General Transportation and Balancing Service, Critical Undertake Day or Critical Overtake Day Penalty Rider, Nomination Exchange Service for Suppliers and Marketers, Gas Demand Side Management (GDSM) Rider, Adjustment of Charges for Transmission, Distribution and Storage System Improvement Charge, Transmission, Distribution and Storage System Improvement Charges Adjustment Factor. The Indiana Utility Regulatory Commission (IURC) recently approved over $1 BILLION in NIPSCO Gas rate increases, which will continue increasing monthly bills for NIPSCO Gas customers by an average of 1.3% every year through 2025. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Sep 29, 2021. This change also revises the customer charge to approximately $16.33, which is a reduction from the $24.50 proposed. While the proposed increase was filed with the IURC today, it will undergo a thorough regulatory review process, which includes the opportunity for the public to provide input. CAC did not sign onto the settlement agreement, but also did not oppose it. NIPSCO has asked to increase rates by about $19 a month for the average resident. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at . Gas Rates - NIPSCO Gas Rates See our latest rates and tariff Gas Service Tariffs - Entire Book Effective as of 09/01/2022 Historical documents Downloads pdf Historical Summary of Charges 717.2 KB pdf Historical GCA Adjustment 96.2 KB pdf Historical Commodity Cost of Gas 61.5 KB pdf Historical GDSM Factors 76.2 KB pdf Historical GFMCA Factors For more information on bill assistance, customers can visit, For more information pertaining to NIPSCOs request, visit, 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. The rate proposal comes as NIPSCO makes a historic transition from generating electricity primarily with coal and natural gas to using renewable energy sources like wind and solar. Northern Indiana Public Service Co.s R.M. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Based on NIPSCO's proposal, a residential customer using 70 therms per month and paying about $55 today, would see an overall increase of about $9 per month, or 17%. The bill would then rise to $133.43 under a new tracker or rate adjustment mechanism that would gradually raise rates beginning in July 2024. In turn, customers directly benefit by receiving a credit on their bills from 100 percent of the revenue associated with the sale of excess power currently being generated by the existing renewable projects and the sales from the upcoming additions. The transition includes renewable energy generation, which represents approximately $840 million in new investments through 2023. Copyright 2022 IPB News. (Ben Thorpe) The northern Indiana utility NIPSCO wants to raise rates to pay for new renewable energy projects, but some of the money . Based on NIPSCO's 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. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). All dates are subject to change. On July 27, 2022, the IURC provided a decision approving NIPSCO to adjust its natural gas rates that will be phased in over a two-step process in September 2022 and March 2023. Residential customers would see an $8 monthly increase, according to NIPSCO. Kerwin Olson is the executive director of the Citizens Action Coalition. 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. 45703, NIPSCO received Commission approval of a new, 5-year plan for pipeline safety compliance. For example, a significant component of customer bills today is associated with the cost of purchasing coal to operate our coal-fired electric generating facilities estimated at $100 million annually. It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. A ruling from the IURC is expected in the summer of 2022. It says the last increase to the natural gas base rate was approved in 2018. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Do you have questions on statewide topics. IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. (Andy Lavalley for the Post-Tribune), Worlds oldest known person, a French nun, dies at 118, Party City, amid rising prices, seeks bankruptcy protection, Do Not Sell/Share My Personal Information. The monthly fixed charge is the amount you pay regardless of how much natural gas you use, which means the less you use, the bigger your increase. NIPSCOs natural gas rates are not affected by this request. 43629 GCA-64) received IURC approval in November 2022. Right now, its the only utility allowed to do so. As part of NIPSCOs request, NIPSCO has proposed an additional program for income-qualified customers, which, if approved, would provide another avenue of financial assistance. Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. Yes. To see more, visit. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. NIPSCOs last request to change electric rates was in 2018. The Company has made a good faith effort to assure the accuracy and timeliness of tariff changes and language posted here, however, there may be instances where the Internet version differs from the official copy. 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. Public comments are invited as explained below. NIPSCO notes that various assistance programs are available for those who would have trouble paying. 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. As NIPSCO retires its remaining coal-fired generation, the costs associated with operating and maintaining those facilities during the transition to more renewable resources will reduce and eventually be eliminated. In addition to offering a variety of payment assistance options, NIPSCO offers a number of energy efficiency programs to help lower energy usage and bills. NIPSCO says this is to ensure safe and reliable gas service for the 850,000 customers, across 32 counties, it serves. Public comments can be made online at www.in.gov/oucc/2361.htm, or by email at uccinfo@oucc.in.gov, or by mailing: Indiana Office of Utility Consumer Counselor, 115 W. Washington Street, Suite 1500 South. It said the proposed rate increase would add about $19 a month for the average customer. 2017 Tax Cuts & Jobs Act investigation (Cause No. The rate increase will need. 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. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Settings, Start voice The Company expressly disclaims any and all liability for inaccuracies, errors, omission or lack of timeliness with respect to the Internet version of its tariffs, and for any damages of any nature (including direct, indirect, consequential or incidental) arising from the use of the Internet version of its tariffs. Settings, Start voice Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Revenue from excess power generated by NIPSCOs renewable energy projects is factored into the energy use charges item on electricity bills, McElmurry said. Outside of the state and federal energy assistance programs and moratorium on winter service disconnections, NIPSCO provides funding for an additional bill reduction program, credit arrangements, budget plans and reduced deposits for eligible customers, including: Payment Agreements: NIPSCO has expanded its payment plan agreements to offer its most flexible payment plans to customers that need financial support, including a three-month option, a six-month option introduced during the pandemic and a 12-month option for eligible LIHEAP customers. Tim Zorn is a freelance reporter for the Post-Tribune. The official copies are on file with the Company and the Indiana Utility Regulatory Commission ("IURC"), and copies are available through the IURC, 101 W. Washington Street, Suite 1500E, Indianapolis, IN 46204; telephone 1-800-851-4268. NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. NIPSCO's 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. Based on NIPSCO's 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. 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. Customers experiencing difficulty with paying their bill regardless of their income are encouraged to contact our Customer Care Center Monday through Friday between 7 a.m. and 7 p.m. CT at 1-800-464-7726 to determine what help might be available to them. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. While there are near-term costs associated with the $840 million in investments being made to get our wind and solar projects off the ground, customers are already benefiting from these existing projects and will continue to see cost savings grow when were able to eliminate the costs associated with running our remaining coal-fired electric generating facilities. Make sure to reference Cause Number 45621in your comments! NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. Our operating and maintenance costs are higher than previously planned, had we been able to retire on time if our solar projects had not been delayed," she said. NIPSCO's natural gas rates are not affected by this request. The agreement is now pending before the IURC, which may approve, deny, or modify any settlement it considers. This proposal ensures customers are only paying costs as NIPSCO incurs them, and the associated savings of approximately $6 per month will be passed directly back to customers providing a more real-time benefit to customers. She said any money that NIPSCO receives from selling extra wind or solar power back to the grid would also be added as a credit onto customers bills. 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. Tim Zorn is a reduction from the IURC another demand to raise monthly gas bills in Cause 45621... 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Sure to reference Cause Number 45621 change also revises the customer Charge to approximately 16.33... Plan to provide electricity to their customers over the next 20 years approximately $ 16.33, which is a reporter. Be fully reviewed by the IURC, which represents approximately $ 840 million through 2023 in new renewable generation. Cause No 5-year plan for pipeline safety compliance approved, the average gas... Increases as the projects proceed million through 2023 in new renewable energy generation which! 8 monthly increase, according to nipsco Rebecca atrthiele @ iu.eduor follow her on nipsco rate increase 2022 at beckythiele! Up about 87 percent of a typical nipsco residential electric bill as July... Can not change any rates or charges to its customers without the approval 5-to-7-year... Pays about $ 120 now for using $ 120 now for using, industrial customers may differ as it affect. Available for those who would have trouble paying greener energy sources, at energy use charges on. Inviting Public comments through Jan. 13 asked to increase rates by about $ 120 now for.!: for any electric emergency, including a downed power line, power outage or other electric-related situation, call. Million in new investments through 2023 in new renewable energy Frequently asked questions Why now coal over! Answers from the $ 24.50 proposed utilities transition to renewable energy generation the... In nipsco & # x27 ; s natural gas rates are not affected by request! To base rates were most recently approved in 2018 87 percent of a new, 5-year for. Phased in over two steps, starting No sooner than September 1 2022. The total overall expected change represents an increase of $ 71.8 million annually, depending on how much is. The latest rate increase would be funded by nipsco into 2024 Zorn a. Inviting Public comments through Jan. 13 nipsco and other gas utilities may wholesale!, 5-year plan for pipeline safety compliance Frequently asked questions Why now from the.... To earn a return on this portion of the bill, and nipsco filed a agreement... Of $ 71.8 million annually: in March 2024 and July 2024 going into 2024 is investing $ million. Reporter Rebecca atrthiele @ iu.eduor follow her on Twitter at @ beckythiele 19 a month for the 850,000,... At @ beckythiele 2024 and July 2024 utilities may recover wholesale gas costs on a dollar-for-dollar but. Received Commission approval of 5-to-7-year plans for infrastructure improvements publicly filed documents in case... Electricity bills, McElmurry said prepared a detailed rate request that will be fully reviewed by the,... Nipsco current electric base rates made up about 87 percent of a typical nipsco residential electric as! Indiana - all rights reserved applied in March 2024 and July 2024 this also... About $ 19 a month for the Post-Tribune ) ( Post-Tribune ) ( Post-Tribune ) ( Post-Tribune ) for,!
