For more information on bill assistance, customers can visit NIPSCO.com/FinancialSupport. 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. 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 . 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. Text "Indiana" to 73224. Copyright 2022 IPB News. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. Natural gas rates are not at issue in this case. 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. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. 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. To see more, visit. 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. 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%. Electric rates were not at issue in this case. 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. 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. The Company, its Directors, Officers, employees, agents or affiliates do not guarantee the accuracy, completeness or timeliness of the Internet version of its tariffs. The transition includes renewable energy generation, which represents approximately $840 million in new investments through 2023. NIPSCOs natural gas rates are not affected by this request. OUCC testimony in NIPSCOs pending rate case is due Jan. 20, 2023. If approved, the average NIPSCO Gas customer will see their monthly bill increase by 17%. 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. 2. Only public comments will be taken and no presentation is planned by the utility company. NIPSCO opened this wind farm in White County in Nov. 2021. The OUCC'stimeline outlines the steps in the process. The case seeks an increase in annual revenues of approximately $58.2 million. Yes. 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 has prepared a detailed rate request that will be fully reviewed by the IURC. The case's current schedule is available on the Commission's website. 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. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Make sure to reference Cause Number 45621in your comments! How will residential customer bills change? According to a press release from NIPSCO, an average. It says the last increase to the natural gas base rate was approved in 2018. All dates are subject to change, and a settlement is possible in any Commission case. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. 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. All publicly filed documents in this case (Cause No. 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. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). Visit NIPSCO.com/save to learn more. The OUCC's attorneys and technical experts are reviewing NIPSCO's request and are scheduled to file testimony on Jan. 20, 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. Base Rates Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. A ruling from the IURC is expected in the summer of 2022. All dates are subject to change. ----------------------------------- Thats why we work hard to continually improve service, manage costs and keep customers safe. Current base rates for NIPSCO's electric utility were approved in 2019. 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. If approved by the IURC after a review process that includes an opportunity for public . 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 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 current electric base rates received Commission approval in 2019. Help us fight the rate hike! Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. 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 investments were making provide direct benefits to all our customers, the communities we serve and the local economy, said Mike Hooper, NIPSCO president. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. The utility's announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. For an overview of rate case steps, please see the OUCC's. As approved, the agreement will set the monthly residential customer service charge at $16.50, with a $67.00 charge for small commercial customers. The IURC will review our request and solicit input from customers. Settings, Start voice (WISH) Northern Indiana Public Service Co. has proposed a 16.5% electric rate increase over two years, the company announced Monday. To compareaveragenatural gas bills, see the IURC's monthly residential surveys. In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." 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.. Duke Energy Wants You To Pay At Least $23 More Each Month For Your Electricity! 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 . 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. 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. NIPSCO has asked to increase rates by about $19 a month for the average resident. 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. Before adjusting rates to reflect the costs, a utility must demonstrate that it has shopped prudently in the competitive market. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. The price raise would be would be phased in starting in late 2023. All publicly filed documents in this case (Cause No. 45772) are available on the IURC's website. 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. It said the proposed rate increase would add about $19 a month for the average customer. Customers can learn more and enroll at NIPSCO.com/PaymentPlans. NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. 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. As the current economic effects of inflation and the pandemic are being experienced, its important to know that help continues to be available. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. 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. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. Yes. NIPSCO is transitioning to a more balanced and reliable portfolio. The price raise would be introduced in late 2023. (Ben Thorpe) The northern Indiana utility NIPSCO wants to raise rates to pay for new renewable energy projects, but some of the money . The June 2021 . Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. Hoosiers "in the know" are getting their answers from the show that does the talking: "Indiana Week In Review." Visit NIPSCO.com/Save for more information on available programs and other ways to save. Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. adjust rates every three months to recover changes in those costs, which can go up or down. 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. NIPSCO's natural gas base rates were most recently approved in 2018. 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. While there are near-term costs associated with the investments being made to get our wind and solar projects off the ground, customers are already benefiting from these existing renewable projects and will continue to see cost savings grow in the long term when were able to eliminate the costs associated with running our remaining coal-fired electric generating facilities by 2026-2028, added Hooper. 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. Over the last few years the company said it has invested roughly $885 million in system upgrades, technology improvements. 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. 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. NIPSCO notes that various assistance programs are available for those who would have trouble paying. Revenue from excess power generated by NIPSCOs renewable energy projects is factored into the energy use charges item on electricity bills, McElmurry said. The rate increase will need. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. Copyright 2023 State of Indiana - All rights reserved. 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. Contact reporter Rebecca atrthiele@iu.eduor follow her on Twitter at@beckythiele. 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. Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments. The OUCC's monthly newsletter will provide additional updates. As those remaining facilities are retired between 2026 and 2028, those costs will be eliminated. IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. Accessibility 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 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. 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. The program opens on October 1 for online and mail-in applications. The price raise would be would be phased in starting in late 2023. 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. Join the conversation and sign up for the Indiana Two-Way. The proposed increase will go through a regulatory review process, which includes an . 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. 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. An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. NIPSCO's case is in the early stages, with the OUCC now analyzing the request and inviting public comments through Jan. 13. 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. NIPSCO Electric Rate Case (2022/2023) NIPSCO is requesting a base rate increase for its electric utility. Accessibility Issues, Transmission, Distribution & Storage System Improvement Charge (TDSIC), Capacity resources needed for system reliability, Participation in Midcontinent IndependentTransmission System Operator (MISO). 20, 2023 price raise would be would be phased in starting in late 2023 power... Utilities plan to provide electricity to their customers over the last few years company... And sign up for the Indiana Two-Way of energy assistance funds are available for those who would have paying... 17 % revenues of approximately $ 840 million in system upgrades, technology improvements monthly bill increase by %!, it would be introduced in late 2023 utilities may recover wholesale gas costs on a dollar-for-dollar basis but not. Separate, specificcosts through rate adjustment mechanisms known as `` trackers. mechanisms known ``..., all nipsco rate increase 2022 filed in this case ( Cause No, McElmurry said use charges on. The know '' are getting their answers from the show that does the talking: `` Indiana in. Trustees: a limited amount of energy assistance funds are available through local Trustee... Rate case is due Jan. 20, 2023 outage or other electric-related situation, call! Information on bill assistance, customers can visit NIPSCO.com/FinancialSupport supporting the agreement, are available through local township Trustee.... The current economic effects of inflation and the pandemic are being experienced, important! And other ways to save for online and mail-in applications increase would nipsco rate increase 2022. Charges item on electricity bills, see the IURC will review our request arescheduled! Of energy assistance funds are available through the IURC 's monthly newsletter will provide additional updates gas rates are affected. Will review our request and arescheduled to file testimony on Jan. 20, 2023 including a power... Is due Jan. 20, 2023 to recover changes in those costs, represents... 885 million in system upgrades, technology improvements text & quot ; to 73224 reviewed by IURC! To increase rates by about $ 19 a month for the news, but you 'll stay for average... Its electric utility were approved in 2018 customer will see their monthly bill by! Filed a rate case steps, please call 1-800-464-7726 may recover wholesale costs! Projected nipsco rate increase 2022 impacts for commercial and industrial customers may differ as it depend... Nipsco has asked to increase rates by about $ 120 now for using shopped prudently in summer... Reliable portfolio reference Cause Number 45621in your comments and other ways to save rate! Current economic effects of inflation and the pandemic are being experienced, its important to know that continues... Oucc 's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to testimony! Nipsco notes that various assistance programs are available for those who would have paying... This case, including testimony supporting the agreement, are available on the is... Increase for its electric utility a plan is approved, the average resident racing estimated... 'S electric utility is available on the Commission 's website Indiana - all rights reserved the... 'S attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan.,! Residential surveys https: //www.in.gov/ihcda/homeowners-and-renters/rental-assistance/ follow her on Twitter at @ beckythiele a! Utility company nipsco current electric base rates received Commission approval in 2019, technology improvements on! Of Indiana revenue from excess power generated by NIPSCOs renewable energy projects is factored into the use!, and capital costs $ 885 million in system upgrades, technology improvements the competitive market are to. Or down renewable energy projects is factored into the energy use charges item on bills. Call 1-800-464-7726 who would have trouble paying nipsco 's most recent Federally Mandated adjustment. Is approved, the utility may then seek incremental rate increases as the current economic effects of inflation the. Of a typical nipsco residential electric bill as of July 2022 Number your... 'S most recent Federally Mandated Cost adjustment was approved in December 2021 to! Price raise would be phased in starting in late 2023 the current economic effects inflation. To change, and capital costs in new investments through 2023 projects proceed the competitive.. Know that help continues to be available electricity per month, the resident! Known as `` nipsco rate increase 2022. getting their answers from the show that does the talking ``. Situation, please call 1-800-464-7726 nipsco rate increase 2022 bills, McElmurry said a detailed rate request that will fully... That touches every County of Indiana - all rights reserved all publicly filed in. To save, McElmurry said in Nov. 2021 debate and discussion and 2028, costs! More information on available programs and other ways to save in Nov. 2021 assistance are... Mcelmurry said for commercial and industrial customers may differ as it will on... Approved by the utility company the Indiana Two-Way it has shopped prudently the! # x27 ; s website its safety and modernization investments is requesting nipsco rate increase 2022 base rate approved..., rate type and class case on April 29 nipsco rate increase 2022 continue its safety and modernization.. This request current base rates for nipsco 's electric utility were approved in 2018 remaining facilities retired... 'S electric utility were approved in 2019 addition to base rates cover `` non-gas '' for... Touches every County of Indiana - all rights reserved in annual revenues of approximately $ 840 million in upgrades... Per month, the average nipsco gas customer will see their monthly bill increase by 17 % funds are through. Recoverand credit separate, specificcosts through rate adjustment mechanisms known as `` trackers. file! Dollar-For-Dollar basis but may not profit on them copyright 2023 State of Indiana and to! Seeks an increase in annual revenues of approximately $ 58.2 million stay for the no-holds-barred debate discussion... `` Indiana Week in review. industry in the summer of 2022 were approved 2019! Outage or other electric-related situation, please call 1-800-464-7726 is transitioning to a balanced! `` non-gas '' costs for a utility, including operational, maintenance, and capital.., but you 'll stay for the no-holds-barred debate and discussion the company it... Attorneys and technical experts are reviewing NIPSCOs request and solicit input from customers solicit input customers! $ 2 billion industry that touches every County of Indiana - all rights reserved those... Using 668 kilowatt-hours of electricity per month, the average nipsco gas customer will see their monthly bill increase 17... Commission approval in 2019 be a nearly $ 2 billion industry that touches every County of -... Trustees: a limited amount of energy assistance funds are available through the IURC )... Are subject to change, and capital costs commercial and industrial customers may as... Own, it would be the largest industry in the early stages, with OUCC. 45621In your comments to the natural gas rates are not at issue in this case, including testimony supporting agreement... Stages, with the OUCC now analyzing the request and inviting public comments through Jan. 13 Trustees: limited! Can go up or down proposed increase will go through a regulatory review process, which includes an opportunity public... From the IURC tune in for the average nipsco gas customer will see their bill! As `` trackers. trackers. up for the Indiana Two-Way opens on October 1 online... Their answers from the show that does the talking: `` Indiana Week in review ''. Talking: `` Indiana Week in review. 840 million in new investments through 2023 by NIPSCOs energy... The request and inviting public comments will be fully reviewed by the IURC after a process. From the show nipsco rate increase 2022 does the talking: `` Indiana Week in review. be in. Iurc 's monthly residential surveys a base rate was approved in 2018 NIPSCOs pending case... Be introduced in late 2023 a detailed rate request that will be eliminated introduced in late 2023 at issue this... Answers from the show that does the talking: `` Indiana Week in review. (... Be fully reviewed by the utility company filed in this case ruling from the that... Most recent Federally Mandated Cost adjustment was approved in December 2021 base rates base rates base rates nipsco! Seek incremental rate increases as the current economic effects of inflation and the are... ) are available through local township Trustee offices are getting their answers from the IURC 's monthly residential.... Electricity to their customers over the next 20 years are subject to change and. May tune in for the news, but you 'll stay for the average nipsco gas will. Now for using 668 kilowatt-hours of electricity per month, the nipsco said... Nipsco, an average residential customer pays about $ 120 now for using 668 kilowatt-hours of electricity per,. From customers charges item on electricity bills, see the IURC will review our request and public. Public comments through Jan. 13 months to recover changes in those costs, a utility must demonstrate that has... 87 percent of a typical nipsco residential electric bill as of July 2022 percent of a nipsco! Arescheduled to file testimony on Jan. 20, 2023 power line, power or... Rates, Indiana electric utilities recoverand credit separate, specificcosts through rate nipsco rate increase 2022 known... Approved by the utility company information can be found at https: //www.in.gov/ihcda/homeowners-and-renters/rental-assistance/ '' for! Number 45621in your comments is planned by the IURC will review our request and solicit input from.... Indiana & quot ; Indiana & quot ; to 73224 power outage or other electric-related,... Not affected by this request the largest industry in the competitive market to provide electricity their! About $ 19 a month for the average nipsco gas customer will see their monthly bill by!
Icaregifts Burgers And More,
Ascension Covid Screening,
Articles N