nipsco rate increase 2022

NIPSCO says the first phase would go into effect no earlier than Sept. 1, 2022. The investments were making provide direct benefits to all our customers, the communities we serve and the local economy, said Mike Hooper, NIPSCO president. NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. 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 . The price raise would be introduced in late 2023. The average NIPSCO residential customer who uses a total of 615 therms during the five-month heating season Nov. 1 through March 31 could expect to pay about $661 during that time, compared. NIPSCOs last request to change electric rates was in 2018. Residential customers would see an $8 monthly increase, according to NIPSCO. 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. Why do rates need to increase? Yes. 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. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. 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. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. NIPSCO offers a variety of options for customers who are having difficulty paying their bill including low-income customers. Learn more about NIPSCOs rates at NIPSCO.com/2022gasrates. Text "Indiana" to 73224. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. Yes. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). Unlike most companies, which can change the price of their product/service without outside approval, regulated energy providers like NIPSCO must submit a detailed request to change their rates. Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly, semi-annual or annual basis. NIPSCO said customers' overall gas bills would include a fixed monthly. NIPSCO has prepared a detailed rate request that will be fully reviewed by the IURC. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. 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. This process is called a rate case, and NIPSCOs approval must come from the Indiana Utility Regulatory Commission (IURC). Consumers may also speak to the Commission, under oath, at an IURC public field hearing. NIPSCO has asked to increase rates by about $19 a month for the average resident. 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. 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. As the current economic effects of inflation and the pandemic are being experienced, its important to know that help continues to be available. NIPSCO's natural gas base rates were most recently approved in 2018. 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. NIPSCO's most recent adjustment (Cause No. It said the proposed rate increase would add about $19 a month for the average customer. Additional parties that have intervened may also file testimony on Jan. 20, 2023. (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. In therate case order, the IURC approved a settlement agreement amongthe OUCC, industrial customers, and NIPSCO. The cause number is 45621. 2017 Tax Cuts & Jobs Act investigation (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. As part of a state pilot program, CenterPoint Energy customers will be able to pay off the cost of its A.B. Program allowing customers to voluntarily buy renewable energy credits. Hoosiers "in the know" are getting their answers from the show that does the talking: "Indiana Week In Review." 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 . 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 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. 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 . 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. NIPSCO's natural gas rates are not affected by this request. Help us fight the rate hike! 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 currently forecast an estimated $50 million annually that would flow back to customers, depending on how much energy is ultimately generated from these sources. McElmurry said as NIPSCO's coal plants retire, costs should go down because the utility will no longer pay for the cost of fuel. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. 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. A portion of this new program would be funded by NIPSCO. Our last request to change electric rates was in 2018. Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments. 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. Copyright 2023 State of Indiana - All rights reserved. FORT WAYNE, Ind. 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. Natural gas utilities buy gas for their customers in a competitive wholesale market. 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 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. 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. Settings, Start voice Northern Indiana Public Service Co.s R.M. 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. 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. NIPSCO's, Indiana Office of Utility Consumer Counselor, Report To see more, visit. NIPSCO current electric base rates received Commission approval in 2019. Accessibility Issues, Transmission, Distribution & Storage System Improvement Charge (TDSIC), Capacity resources needed for system reliability, Participation in Midcontinent IndependentTransmission System Operator (MISO). NIPSCO's natural gas base rates were most recently approved in 2018. 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. Only public comments will be taken and no presentation is planned by the utility company. 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. 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. Over the last few years the company said it has invested roughly $885 million in system upgrades, technology improvements. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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 utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Accessibility NIPSCO is requesting a base rate increase for its electric utility. NIPSCO's most recent adjustment (Cause No. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. 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. All filings are available by entering the cause number in the IURC'sOnline Services Portal. For an overview of rate case steps, please see the OUCC's. 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. 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 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. 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. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. 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. 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 proposed increase will go through a regulatory review process, which includes an . NIPSCO's most recent adjustment (Cause No. 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. 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.. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. (WISH) Northern Indiana Public Service Co. has proposed a 16.5% electric rate increase over two years, the company announced Monday. The request includes evidence to support the increase and demonstrate how it will benefit customers. This page will be updated based on case developments. An average NIPSCO residential customer could begin paying about 16.5% per month more for electricity about a year from now, if the utility gets the rate increase it wants. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. NIPSCO Gas is now back before the IURC with another demand to raise monthly gas bills in Cause Number 45621. All publicly filed documents in this case (Cause No. 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. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at . 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. NIPSCO uses the following trackers, which comprised approximately13 percent of a residential customers typical bill as of July 2022. 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. adjust rates every three months to recover changes in those costs, which can go up or down. The program opens on October 1 for online and mail-in applications. Make sure to reference Cause Number 45621in your comments! This estimated change . Copyright 2022 IPB News. Thats why we work hard to continually improve service, manage costs and keep customers safe. Visit NIPSCO.com/save to learn more. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. 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. 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. To compareaveragenatural gas bills, see the IURC's monthly residential surveys. 45703, NIPSCO received Commission approval of a new, 5-year plan for pipeline safety compliance. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. The utility's initial request would have increased overall annual revenues by $109.7 million (per. Pending cases for Northern Indiana Public Service Companys (NIPSCOs) electric utility include its: In the most recent IURC survey of residential electric bills, NIPSCO's monthly bill for 1,000 kWh ranked third-highest among the utilities under Commission jurisdiction. Make sure to reference Cause Number 45621in your comments! *Source: Indiana Utility Regulatory Commissions 2021 Residential Bill Survey. Customers depend on a reliable and safe electric service at a fair price. MICHIGAN CITY - Residents who want to speak up on NIPSCO's removal of coal ash from its Michigan City Generating Station - and proposed rate increases to cover the cost - won't have to go far. 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. NIPSCO opened this wind farm in White County in Nov. 2021. Coal combustion residuals compliance project (Cause No. 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. The IURC will review our request and solicit input from customers. A Commission order is expected in the summer of 2023. All publicly filed documents in this case (Cause No. NIPSCO opened this wind farm in White County in Nov. 2021. The Internet version of Northern Indiana Public Service Company's Electric Tariffs and Gas Tariffs is not the official version. 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. In Cause No. It can take approximately 10 months before the IURC reaches a decision. Visit NIPSCO.com/Save for more information on available programs and other ways to save. 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. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Customers can learn more and enroll at NIPSCO.com/PaymentPlans. NIPSCO is transitioning to a more balanced and reliable portfolio. An average residential customer pays about $120 now for using. If Indianas remote workers were classified as a job industry of their own, it would be the largest industry in the states history. 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Monthly gas nipsco rate increase 2022 in Cause Number 45621in your comments the program opens on October 1 for online and mail-in.! Utility customers in a competitive wholesale market IURC will review our request and input... Reviewed by the IURC 's for online and mail-in applications other electric-related situation, please call 1-800-464-7726 residential bill are! Options for customers who are having difficulty paying their bill including low-income customers see the 's.