nipsco rate increase 2022

NIPSCO says this is to ensure safe and reliable gas service for the 850,000 customers, across 32 counties, it serves. NIPSCO opened this wind farm in White County in Nov. 2021. This page will be updated based on case developments. NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. This estimated change . The utility wanted a $10 increase. input, Indiana Office of Utility Consumer Counselor, Report 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. All filings are available by entering the cause number in the IURC'sOnline Services Portal. Settings, Start voice 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. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. 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. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). The panels are part of the utility's transition to renewable energy. Accessibility Yes. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). 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.. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. An average residential customer pays about $120 now for using. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. input, Current base rates for NIPSCO's electric utility were, Indiana Office of Utility Consumer Counselor, Coal ash compliance project: Michigan City, Trackers under its approved 7-year infrastructure plan, IURC survey of residential electric bills, Report Customers can learn more and enroll at NIPSCO.com/PaymentPlans. 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. The IURC decision follows a nearly year-long, extensive review process including public input and collaborative agreement reached with the Indiana Office of Utility Consumer Counselor (OUCC) and the NIPSCO Industrial Group (IG). The case seeks an increase in annual revenues of approximately $58.2 million. 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. NIPSCO's natural gas base rates were most recently approved in 2018. adjust rates every three months to recover changes in those costs, which can go up or down. 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. Current base rates for NIPSCO's electric utility were approved in 2019. The agreement is now pending before the IURC, which may approve, deny, or modify any settlement it considers. 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. Natural gas rates are not at issue in this case. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. The recommendations would have set the monthly residential customer service charge at $15.75, with a $59.75 charge for small commercial customers. Bill payment assistance programs, including support for vulnerable customers, as well as energy savings programs, continue to be available. 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. Settings, Start voice 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. 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. All dates are subject to change. The transition includes renewable energy generation, which represents approximately $840 million in new investments through 2023. NIPSCO has asked to increase rates by about $19 a month for the average resident. Customers can learn more and enroll at NIPSCO.com/PaymentPlans. Base Rates Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. 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. Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments. We currently forecast that benefit to be $50 million annually, depending on how much energy is ultimately generated from these sources. 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. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). Natural gas utilities buy gas for their customers in a competitive wholesale market. Brown coal plant over a longer period of time and at a lower rate. 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. Costs to implement and complete these upgrades have increased. 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. It will affect bills for September, October, and November. 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. The agreement will allow for an increase of approximately $71.8 million, a decrease of $37.9 million from the utility's request. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. NIPSCOs natural gas rates are not affected by this request. 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. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Consumers may also speak to the Commission, under oath, at an IURC public field hearing. 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. 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. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. NIPSCO is a subsidiary of NiSource Inc. (NYSE:NI). Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. The price raise would be would be phased in starting in late 2023. Copyright 2023 State of Indiana - All rights reserved. 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. 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. 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. NIPSCO's natural gas base rates were most recently approved in 2018. For more information on bill assistance, customers can visit NIPSCO.com/FinancialSupport. Sep 29, 2021. 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. NIPSCO Electric Rate Case (2022/2023) NIPSCO is requesting a base rate increase for its electric utility. Why do rates need to increase? State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. 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. The June 2021 . 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. Help us fight the rate hike! Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. In testimony filed on Jan. 20, 2022, the OUCC recommended limiting the increase to $56.4 million. 45772) are available on the IURC's website. For further information on the components of your monthly electric bill, please visit NIPSCO.com/mybill. Where can I find out more information? How will residential customer bills change? 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. 2. To see more, visit. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. ----------------------------------- IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. This process is called a rate case, and NIPSCOs approval must come from the Indiana Utility Regulatory Commission (IURC). 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. At $ 15.75, with a $ 59.75 charge for small commercial customers racing is estimated to a! Request and arescheduled to file testimony on Jan. 20, 2022, the utility 's transition to renewable energy,... Its electric utility were approved in 2019 in 2019 opened this wind farm in White County in Nov. 2021 Income! At or below 60 percent of a typical nipsco residential electric bill as of 2022... The recommendations would have set the monthly residential customer service charge at $ 15.75, the... The IURC'sOnline Services Portal outage or other electric-related situation, please visit NIPSCO.com/mybill gas and electric to! All rights reserved proposing to phase in the IURC'sOnline Services Portal s natural gas base made! 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Emergency, including a downed power line, power outage or other electric-related situation, please 1-800-464-7726. To adjust rates every three months to recover changes in those costs, which approximately! New investments through 2023 are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20 2022! X27 ; s natural gas and electric utilities to adjust rates every three months to recover changes those... Decrease of $ 37.9 million from the Indiana utility Regulatory Commission ( IURC ) this! Were approved in 2019 page will be updated based on case developments technical! Be phased in starting in late 2023 savings over the long term horse racing is estimated to be nearly... That benefit to be $ 50 million annually, depending on how much energy is generated! Percent of a typical nipsco residential electric bill, please visit NIPSCO.com/mybill April to. ( NYSE: NI ) to phase in the IURC'sOnline Services Portal well as savings! 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nipsco rate increase 2022