nipsco rate increase 2022

Written consumer comments are invited through the end of the day on Jan. 13, 2023. The first increase would take place mid-2018, the second in 2019, spokesman Nick Meyer . NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. NIPSCOs natural gas rates are not affected by this request. A portion of this new program would be funded by NIPSCO. ---------------------------------------------------------------------------------------------------. MERRILLVILLE, Ind. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. The program opens on October 1 for online and mail-in applications. In testimony filed on Jan. 20, 2022, the OUCC recommended limiting the increase to $56.4 million. NIPSCO's current natural gas base rates were approved back in 2018. 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 . 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. The Internet version of Northern Indiana Public Service Company's Electric Tariffs and Gas Tariffs is not the official version. It says the last increase to the natural gas base rate was approved in 2018. The utility wanted a $10 increase. 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. NIPSCO says the first phase would go into effect no earlier than Sept. 1, 2022. Consumers may also speak to the Commission, under oath, at an IURC public field hearing. As those remaining facilities are retired between 2026 and 2028, those costs will be eliminated. NIPSCO notes that various assistance programs are available for those who would have trouble paying. 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. As the current economic effects of inflation and the pandemic are being experienced, its important to know that help continues to be available. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Accessibility It is our goal to work with customers to identify solutions. Base rates cover most infrastructure and operating/maintenance costs while rate adjustment trackers, as described below, allow for more frequent rate changes for specific costs as designated by law. Copyright 2023 State of Indiana - All rights reserved. Visit, https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). Generating cleaner electricity from renewable energy projects and upgrading its electric grid to support the transmission and monitoring of that electricity are some of the key factors leading to NIPSCOs request with the Indiana Utility Regulatory Commission (IURC) to adjust its base electric rates next year. NIPSCO's most recent adjustment (Cause No. Right now, its the only utility allowed to do so. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. 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. NIPSCO 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. The seven percent state sales tax applies to all Indiana electric utilities. In Cause No. Help us fight the rate hike! It said the proposed rate increase would add about $19 a month for the average customer. 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. The proposed increase will go through a regulatory review process, which includes an . The transition includes renewable energy generation, which represents approximately $840 million in new investments through 2023. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. The investments were making provide direct benefits to all our customers, the communities we serve and the local economy, said Mike Hooper, NIPSCO president. 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. 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. All dates are subject to change. All publicly filed documents in this case (Cause No. Tim Zorn is a freelance reporter for the Post-Tribune. 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. IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. Where can I find out more information? 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. 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. Additionally, customers directly benefit from the newly added renewable generation by receiving a credit on their bills from 100 percent of the revenue associated with the sale of excess power that we generate today and into the future as we add more renewable resources. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. NIPSCO has asked to increase rates by about $19 a month for the average resident. All dates are subject to change, and a settlement is possible in any Commission case. 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. 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. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. 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 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. 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. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. The panels are part of the utility's transition to renewable energy. We currently forecast an estimated $50 million annually that would flow back to customers, depending on how much energy is ultimately generated from these sources. The panels are part of the utility's transition to renewable energy. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. 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. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. Copyright 2022 IPB News. Costs to implement and complete these upgrades have increased. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. 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. 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. Residential customers would see an $8 monthly increase, according to NIPSCO. The program opens on October 1 for online and mail-in applications. 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. NIPSCO has asked to increase rates by about $19 a month for the average resident. Beyond the necessary upgrades, grid modernization and customer-centric enhancements that are critical to ensure the level of service our customers expect for the future, a significant portion of the investments are tied to our future energy transition and the addition of new renewable energy projects located in Indiana.. NIPSCO offers a variety of options for customers who are having difficulty paying their bill including low-income customers. Make sure to reference Cause Number 45621in your comments! The rate request was filed Monday, Sept. 19, with the Indiana Utility Regulatory Commission. 45772) are available on the IURC's website. These are the issues of immediate importance we are working on right now. input. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. It can take approximately 10 months before the IURC reaches a decision. To identify solutions speak to the natural gas rates are not affected by this.. 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nipsco rate increase 2022