nipsco rate increase 2022

The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. Do you have questions on statewide topics. Costs to implement and complete these upgrades have increased. 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 proposed increase will go through a regulatory review process, which includes an . For more information on bill assistance, customers can visit NIPSCO.com/FinancialSupport. 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 most recent adjustment (Cause No. Coal combustion residuals compliance project (Cause No. 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, Index of Cities, Towns and Unincorporated Communities Furnished Gas Service, General Rules and Regulations Applicable to Gas Service, Large Transportation and Balancing Service, Off-Peak Non-Residential Interruptible Negotiated Service, General Transportation and Balancing Service, Critical Undertake Day or Critical Overtake Day Penalty Rider, Nomination Exchange Service for Suppliers and Marketers, Gas Demand Side Management (GDSM) Rider, Adjustment of Charges for Transmission, Distribution and Storage System Improvement Charge, Transmission, Distribution and Storage System Improvement Charges Adjustment Factor. All dates are subject to change, and a settlement is possible in any Commission case. 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. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. This process is called a rate case, and NIPSCOs approval must come from the Indiana Utility Regulatory Commission (IURC). A ruling from the IURC is expected in the summer of 2022. 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. Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly, semi-annual or annual basis. NIPSCO opened this wind farm in White County in Nov. 2021. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. Additional parties that have intervened may also file testimony on Jan. 20, 2023. (WFFT) -- The Northern Indiana Public Service Company submitted a proposal to the Indiana Utility Regulatory Committee on Sept. 29 to increase gas rates by 17 percent in a year. 43629 GCA-64) received IURC approval in November 2022. In turn, customers directly benefit by receiving a credit on their bills from 100 percent of the revenue associated with the sale of excess power currently being generated by the existing renewable projects and the sales from the upcoming additions. 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. Sep 29, 2021. 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. Natural gas utilities buy gas for their customers in a competitive wholesale market. Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. A portion of this new program would be funded by NIPSCO. 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.. 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. Public comments can be made online at www.in.gov/oucc/2361.htm, or by email at [email protected], or by mailing: Indiana Office of Utility Consumer Counselor, 115 W. Washington Street, Suite 1500 South. In testimony filed on Jan. 20, 2022, the OUCC recommended limiting the increase to $56.4 million. NIPSCO's natural gas base rates were most recently approved in 2018. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. All filings are available by entering the cause number in the IURC'sOnline Services Portal. NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. NIPSCO also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. 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. Text "Indiana" to 73224. Yes. Current base rates for NIPSCO's electric utility were approved in 2019. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. All dates are subject to change. NIPSCO's case is in the early stages, with the OUCC now analyzing the request and inviting public comments through Jan. 13. 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 June 2021 . The seven percent state sales tax applies to all Indiana electric utilities. 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. For further information on the components of your monthly electric bill, please visit NIPSCO.com/mybill. 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. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. Natural gas rates are not at issue in this case. It will affect bills for September, October, and November. Before adjusting rates to reflect the costs, a utility must demonstrate that it has shopped prudently in the competitive market. As the current economic effects of inflation and the pandemic are being experienced, its important to know that help continues to be available. Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. Revenue from excess power generated by NIPSCOs renewable energy projects is factored into the energy use charges item on electricity bills, McElmurry said. 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. Copyright 2023 State of Indiana - All rights reserved. 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. NIPSCO's current natural gas base rates were approved back in 2018. 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. NIPSCO's current gas TDSIC plan received Commission approval in July 2020. If approved, the average NIPSCO Gas customer will see their monthly bill increase by 17%. NIPSCO has asked to increase rates by about $19 a month for the average resident. Only public comments will be taken and no presentation is planned by the utility company. NIPSCO current electric base rates received Commission approval in 2019. Right now, its the only utility allowed to do so. 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 bill would then rise to $133.43 under a new tracker or rate adjustment mechanism that would gradually raise rates beginning in July 2024. NIPSCO is a subsidiary of NiSource Inc. (NYSE:NI). Electric Rates - NIPSCO Electric Rates See our rates and tariff Electric Service Tariff (Entire Book) Table of Contents Electric rate adjustment history pdf Historical Appendix B FAC Factors 64.1 KB pdf Historical Appendix C RTO Factors 74.1 KB pdf Historical Appendix F RA Factors 72.9 KB pdf Historical Appendix G DSM Factors 89.3 KB pdf 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. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. 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. How will residential customer bills change? The utility wanted a $10 increase. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. 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.

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