nipsco rate increase 2022nipsco rate increase 2022

A portion of this new program would be funded by NIPSCO. NIPSCOs natural gas base rates were most recently approved in 2018. 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. ----------------------------------- Help us fight the rate hike! Settings, Start voice Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments. NIPSCO's natural gas base rates were most recently approved in 2018. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. 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. Current base rates for NIPSCO's electric utility were approved in 2019. All dates are subject to change, and a settlement is possible in any Commission case. 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. 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. Hoosiers "in the know" are getting their answers from the show that does the talking: "Indiana Week In Review." The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. 2. The panels are part of the utility's transition to renewable energy. Thats why we work hard to continually improve service, manage costs and keep customers safe. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. MERRILLVILLE, Ind. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. The case seeks an increase in annual revenues of approximately $58.2 million. For an overview of rate case steps, please see the OUCC's. 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. New natural gas base rates and charges for NIPSCO have received IURC approval. 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. 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. 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. 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. NIPSCO's natural gas base rates were most recently approved in 2018. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. NIPSCO opened this wind farm in White County in Nov. 2021. 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.. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. Accessibility 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. An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. NIPSCO Gas is now back before the IURC with another demand to raise monthly gas bills in Cause Number 45621. Visit NIPSCO.com/save to learn more. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. 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. 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. 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. It is our goal to work with customers to identify solutions. Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly, semi-annual or annual basis. An average residential customer pays about $120 now for using. Accessibility The agreement will allow for an increase of approximately $71.8 million, a decrease of $37.9 million from the utility's request. NIPSCO current electric base rates received Commission approval in 2019. Natural gas utilities buy gas for their customers in a competitive wholesale market. This change also revises the customer charge to approximately $16.33, which is a reduction from the $24.50 proposed. McElmurry said as NIPSCO's coal plants retire, costs should go down because the utility will no longer pay for the cost of fuel. 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. Bill payment assistance programs, including support for vulnerable customers, as well as energy savings programs, continue to be available. 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 has asked to increase rates by about $19 a month for the average resident. 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. 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. 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. Brown coal plant over a longer period of time and at a lower rate. The Internet version of Northern Indiana Public Service Company's Electric Tariffs and Gas Tariffs is not the official version. 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. Sep 29, 2021. The program opens on October 1 for online and mail-in applications. The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. To compareaveragenatural gas bills, see the IURC's monthly residential surveys. 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. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. 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. 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. 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. Settings, Start voice Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. NIPSCO says this is to ensure safe and reliable gas service for the 850,000 customers, across 32 counties, it serves. 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. Copyright 2023 State of Indiana - All rights reserved. Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. Costs to implement and complete these upgrades have increased. 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. NIPSCO has asked to increase rates by about $19 a month for the average resident. According to a press release from NIPSCO, an average. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). 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 bill would then rise to $133.43 under a new "tracker" or rate adjustment mechanism that would gradually raise rates beginning in July 2024.

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