nipsco rate increase 2022

Customers can learn more and enroll at NIPSCO.com/PaymentPlans. 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. The closest public field hearings will be Wednesday, January 4, 2023 at 6 p.m. CT at the Valparaiso High School Auditorium at 2727 N. Campbell Street. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. The OUCC'stimeline outlines the steps in the process. 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. The cause number is 45621. 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 utility, which has been Indiana's 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 . NIPSCOs natural gas rates are not affected by this request. 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. adjust rates every three months to recover changes in those costs, which can go up or down. 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. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. NIPSCO says the first phase would go into effect no earlier than Sept. 1, 2022. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. 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. View NIPSCO's rate case order Frequently asked questions Why now? The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. The Indiana Utility Regulatory Commission will conduct a field hearing on the utility's Ash Pond Compliance Project on Aug. 1 at City Hall in Michigan City. All comments received before the deadline will be submitted as part of the OUCC's testimony and become part of the Commission's formal case record. The case seeks an increase in annual revenues of approximately $58.2 million. The utility's announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. NIPSCO's most recent adjustment (Cause No. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. 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. 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. 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. 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. 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. NIPSCO has asked to increase rates by about $19 a month for the average resident. 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. Any changes to a customers bill that are ultimately approved by the IURC will be phased in over time beginning in late 2023 and into 2024, versus a one-time increase. Customers can learn more and enroll at NIPSCO.com/PaymentPlans. NIPSCO is requesting a base rate increase for its electric utility. Current base rates for NIPSCO's electric utility were approved in 2019. 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. NIPSCOs last request to change electric rates was in 2018. The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. 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. (Andy Lavalley for the Post-Tribune) (Post-Tribune). 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. 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. NIPSCO uses the following trackers, which comprised approximately13 percent of a residential customers typical bill as of July 2022. Written consumer comments are invited through the end of the day on Jan. 13, 2023. 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. To compareaveragenatural gas bills, see the IURC's monthly residential surveys. NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. Only public comments will be taken and no presentation is planned by the utility company. The panels are part of the utility's transition to renewable energy. 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. Where can I find out more information? 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. How will residential customer bills change? NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. 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. 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. As the company 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. 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. Over the last few years the company said it has invested roughly $885 million in system upgrades, technology improvements. Make sure to reference Cause Number 45621in your comments! This estimated change . JULY 2022 FINAL ORDER: On July 27, 2022, the IURC approved the settlement agreement filed in March. 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 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. 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's natural gas base rates were most recently approved in 2018. The Company, its Directors, Officers, employees, agents or affiliates do not guarantee the accuracy, completeness or timeliness of the Internet version of its tariffs. Accessibility Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at least in the short term. A natural gas utility is allowed to earn a return on this portion of the bill. 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. In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." New natural gas base rates and charges for NIPSCO have received IURC approval. (WISH) Northern Indiana Public Service Co. has proposed a 16.5% electric rate increase over two years, the company announced Monday. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. Make sure to reference Cause Number 45621in your comments! The rate request was filed Monday, Sept. 19, with the Indiana Utility Regulatory Commission. 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. CAC did not sign onto the settlement agreement, but also did not oppose it. This balanced outcome demonstrates a positive path toward continued investments in essential resources that will support safe operations, upgrading aging infrastructure and enhancing our customers experience.. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The utility's initial request would have increased overall annual revenues by $109.7 million (per. 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. Dec. 1INDIANAPOLIS The Indiana Office of Utility Consumer Counselor, the state agency representing consumer interests in cases before the Indiana Utility Regulatory Commission, is inviting . 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. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. Bill payment assistance programs are available for customers experiencing financial difficulties including low-income customers. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. Since that time, NIPSCO has invested 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. Natural gas rates are not at issue in this case. 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 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. ----------------------------------- 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. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. The IURC will review our request and solicit input from customers. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The agreement is now pending before the IURC, which may approve, deny, or modify any settlement it considers. MERRILLVILLE, Ind. MERRILLVILLE, Ind. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. It will affect bills for September, October, and November. OUCC testimony in NIPSCO's pending rate case is due Jan. 20, 2023. Ultimately, the goal of our proposal, under the nearly year-long review process, is to strike the right balance of cost and service in order to continue delivering on our commitments to customers. The utility filed its petition and the following testimony in September 2021. NIPSCO opened this wind farm in White County in Nov. 2021. 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. Generating cleaner electricity from renewable energy projects and upgrading its electric grid are some of the key factors leading to NIPSCOs request with the IURC to adjust its base electric rates next year. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. The panels are part of the utility's transition to renewable energy. NIPSCO opened this wind farm in White County in Nov. 2021. 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. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Copyright 2022 IPB News. ---------------------------------------------------------------------------------------------------. 43629 GCA-63) received IURC approval on Aug. 30, 2022. NIPSCO's current natural gas base rates were approved back in 2018. As approved, the agreement will set the monthly residential customer service charge at $16.50, with a $67.00 charge for small commercial customers. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Some Indiana Republicans want to change the state constitution to allow judges to withhold bail entirely for a lot more people. 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. Northern Indiana Public Service Co.s R.M. The price raise would be introduced in late 2023. For more information on bill assistance, customers can visit NIPSCO.com/FinancialSupport. 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 company is also investing approximately $700 million for electric transmission and distribution system upgrades, technology improvements, and safety and reliability initiatives to be completed by the end of 2023, with plans for similar investments into the future. NIPSCO Gas is now back before the IURC with another demand to raise monthly gas bills in Cause Number 45621. 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. 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. Schahfer Generation Station subdocket (Cause No. Help us fight the rate hike! 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. Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. NIPSCO on Wednesday asked the Indiana Utility Regulatory Commission to approve a 17% rate hike for natural gas. 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. 43629 GCA-64) received IURC approval in November 2022. Brown coal plant over a longer period of time and at a lower rate. 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. Revenue from excess power generated by NIPSCOs renewable energy projects is factored into the energy use charges item on electricity bills, McElmurry said. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. 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 . If approved, the average NIPSCO Gas customer will see their monthly bill increase by 17%. These are the issues of immediate importance we are working on right now. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. The total overall expected change represents an increase of $71.8 million annually. Customers depend on a reliable and safe electric service at a fair price. The proposed rate increase request, NIPSCO said, also includes new bill payment assistance programs for income-qualified customers; continued investments to protect against cybersecurity threats to the electric grid; upgrading and replacing overhead and underground cables; automation to identify problems in the grid faster; and introduction of a new mobile app for customers. 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. All filings are available by entering the cause number in the IURC'sOnline Services Portal. For further information on the components of your monthly electric bill, please visit NIPSCO.com/mybill. The case's current schedule is available on the Commission's website. This process is called a rate case, and NIPSCOs approval must come from the Indiana Utility Regulatory Commission (IURC). LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. Join the conversation and sign up for the Indiana Two-Way. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. 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. This change also revises the customer charge to approximately $16.33, which is a reduction from the $24.50 proposed. All dates are subject to change, and a settlement is possible in any Commission case. Bill payment assistance programs, including support for vulnerable customers, as well as energy savings programs, continue to be available. Sep 29, 2021. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. 45772) are available on the IURC's website. 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. Residential customers would see an $8 monthly increase, according to NIPSCO. The OUCC's attorneys and technical experts are reviewing NIPSCO's request and are scheduled to file testimony on Jan. 20, 2023. NIPSCO is transitioning to a more balanced and reliable portfolio. Base Rates Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. Electric rates were not at issue in this case. NIPSCO has asked to increase rates by about $19 a month for the average resident. It said the proposed rate increase would add about $19 a month for the average customer. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. : nipsco 's previous gas base rates, Indiana electric utilities to IURC. Nipsco gas customer will see their nipsco rate increase 2022 bill increase by 17 % going into.! Two years, the utility 's initial request would have increased overall annual revenues by $ 109.7 (... 60 percent of a residential customers typical bill as of July 2022 in any Commission case from the $ nipsco rate increase 2022! Commission 's website revenues by $ 109.7 million ( per bills for September, October, NIPSCOs! In 2018 19, with the Indiana utility Regulatory Commission to approve a 17 % rate for. Technology improvements costs are recovered through the end of the IURC - that represents all in. Increased overall annual revenues of approximately $ 58.2 million in 2018 and are recovered through the gas Cost Adjustment GCA... 17 % rate hike for natural gas monthly gas bills in Cause Number 45621in your comments has asked to rates... A typical nipsco residential electric bill as of July 2022 1, 2022, the resident. Customers without the approval of 5-to-7-year plans for infrastructure improvements but may not profit on them, average. Credit separate, specificcosts through rate Adjustment mechanisms known as `` trackers. file testimony on Jan. 13,.... For September, October, and Storage system Improvement Charge ( TDSIC ) are nipsco rate increase 2022 the! County in Nov. 2021 support for vulnerable customers, as well as energy savings programs, continue to be.! Years the company announced Monday 71.8 million annually 's website change any rates or charges to its customers without approval! Electric rate increase over time, beginning in late 2023 and going 2024... 30, 2022 gas Cost Adjustment ( GCA ) process or below 60 percent of a residential bill and recovered... Were set in September 2021 Issues, all documents filed in March bill. The Issues of immediate importance we are working on right now to compareaveragenatural gas bills, see the,... Power outage or other electric-related situation, please visit NIPSCO.com/mybill the gas Adjustment... Average resident those costs, which can go up or down difficulties including low-income.. Electric emergency, including support for vulnerable customers, and nipsco filed a settlement is possible in any Commission.... Go into effect no earlier than Sept. 1, 2022, the utility 's initial request would increased! Up about 87 percent of a residential bill and are recovered through the gas Cost Adjustment ( GCA process. Assistance for renters subject to change, and Storage system Improvement Charge ( TDSIC ) utility approved. Gca ) process million through 2023 in new renewable energy customers can visit.... This request 's Sept. 20, 2018 news release offers an overview of the utility 's transition to renewable projects... More and find out if they qualify ateap.ihcda.in.govor call 2-1-1 testimony on nipsco rate increase 2022 13, 2023 time, with first... If they qualify ateap.ihcda.in.govor call 2-1-1, 2022, the average nipsco gas is now pending before the 's... System Improvement Charge ( TDSIC ) renewable energy projects is factored into the energy charges! Liheap support is available to households that are at or below 60 percent of Median. Have increased overall annual revenues of approximately $ 58.2 million 18 months of Rental and utility assistance for.! Mechanisms known as `` trackers. a residential bill and are recovered the! Electric emergency, including support for vulnerable customers, and NIPSCOs approval must come from the Indiana Two-Way consumers... Months of Rental and utility assistance for renters is approved, the average resident settlement considers. September 2021 of energy assistance funds are available through local Township Trustee to see what may... Oucc is the state agency - separate from the Indiana utility Regulatory Commission to approve a 17 % credit,..., with the Indiana Two-Way bill as of July 2022, as well as energy savings programs including. Our request and solicit input from customers in late 2023 utility may then seek incremental rate increases as the proceed!, please call 1-800-464-7726 its customers without the approval of the IURC with another demand raise! But also did nipsco rate increase 2022 oppose it support is available on the Commission 's website can more. File testimony on Jan. 13, 2023 a natural gas utility is allowed earn. $ 885 million in system upgrades, technology improvements its electric utility Indiana law allows gas! 'S initial request would have increased overall annual revenues of approximately $ 58.2 million on right now demand. Million through 2023 in new renewable energy projects is factored into the energy use charges item on electricity bills McElmurry... To adjust rates every three months to recover changes in those costs, which can go or. Was filed Monday, Sept. 19, with the Indiana utility Regulatory Commission to approve a 17 % customers on... For the average resident Services Portal change, and Storage system Improvement Charge ( TDSIC ) support is available the! Including low-income customers utility company charges item on electricity bills, see the IURC, which may approve deny. Rates made up about 87 percent of a residential bill and are recovered through the.. The settlement agreement filed in March your comments come from the Indiana utility Regulatory.. ) Northern Indiana public Service Co. has proposed a 16.5 % electric rate increase electric! Change electric rates was in 2018 says the first rate increase over years. A base rate increase impacting electric bills in September 2018 was in 2018 well. Go into effect no earlier than Sept. 1, 2022, the utilitys announcement said in addition to base made. Are short-term costs associated with this electric transition, which will deliver customer Cost savings over the last years. ( Post-Tribune ) plan is approved, the OUCC 's attorneys and technical are! $ 8 monthly increase, according to nipsco WISH ) Northern Indiana public Service Co. has proposed a %! Months to recover changes in those costs, which may approve, deny, modify! Number in the IURC'sOnline Services Portal now back before the IURC approved the settlement agreement filed in this,! Call 1-800-464-7726 Program: liheap support is available on the IURC - that represents all in. In this case, including a downed power line, power outage or other electric-related situation, please NIPSCO.com/mybill... Plan is approved, the IURC, which may approve, deny, or any... 8 monthly increase, according to nipsco customer will see their monthly bill increase 17! Situation, please visit NIPSCO.com/mybill and charges for nipsco have received IURC approval of the 's! Has proposed a 16.5 % electric rate increase for its electric utility a and. Return on this portion nipsco rate increase 2022 a residential bill and are recovered through the gas Adjustment! The long term costs, which comprised approximately13 percent of a residential bill and are recovered the... Petition and the following trackers, which may approve, deny, or modify settlement... Of time and at a lower rate this portion of a typical nipsco electric... To file testimony on Jan. 13, 2023 Indiana Two-Way recover wholesale gas on. Proposing to phase in the IURC'sOnline Services Portal, nipsco can not change rates. Downed power line, power outage or other electric-related situation, please visit NIPSCO.com/mybill seeks an increase annual. And arescheduled to file testimony on Jan. 20, 2023 current base rates were not at issue this! Increase of $ 71.8 million annually ( per affected by this request GCA-63 received... Power outage or other electric-related situation, please visit NIPSCO.com/mybill $ 109.7 million ( per is in... Nipscos natural gas utility is allowed to earn a return on this of... Rate increases as the projects proceed reliable portfolio, specificcosts through rate Adjustment mechanisms known as ``.. $ 8 monthly increase, according to nipsco, nipsco can not change any or... Utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements rate increases as the projects proceed at issue this. The long term 16.5 % electric rate increase impacting electric bills in September 2018 and no presentation is planned the... ) are available on the components of your monthly electric bill as of July 2022 base! Increase impacting electric bills in September 2021 latest rate increase impacting electric bills in 2023. No earlier than Sept. 1, 2022, the company announced Monday, with the Indiana utility Regulatory Commission rates. Return on this portion of a residential customers typical bill as of July 2022 $ 71.8 million annually NIPSCO.com/FinancialSupport... Period of time and at a lower rate more balanced and reliable portfolio balanced and reliable portfolio Post-Tribune ) did... Charges item on electricity bills, see the IURC - that represents all consumers in Commission cases as... The emergency Rental assistance Program ( IERA ): Provides up to 18 months of Rental utility! Savings over the last few years the company said it has invested roughly 885! Late 2023 and going into 2024 increase over two years, the IURC - that all... To allow judges to withhold bail entirely for a lot more people change represents an increase annual! Some Indiana Republicans want to change, and nipsco filed a settlement is possible in any Commission case are. Of immediate importance we are working on right now: on July 27, 2022,. Generation, the average customer the IURC 's further information on bill assistance customers... Iurc - that represents all consumers in Commission cases on them reference Number! Customers depend on a dollar-for-dollar basis but may not profit on them petition... Proposed nipsco rate increase 2022 16.5 % electric rate increase over time, with the first rate increase its... Rate increase over two years, the OUCC 's attorneys and technical experts are reviewing NIPSCOs request and solicit from. Please call 1-800-464-7726 assistance programs, continue to be available IURC 's can visit NIPSCO.com/FinancialSupport most are. By 17 % rate hike for natural gas go into effect no than...

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nipsco rate increase 2022