nipsco rate increase 2022

Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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 is a subsidiary of NiSource Inc. (NYSE:NI). The price raise would be would be phased in starting in late 2023. Learn more at NIPSCO.com/save and NIPSCO.com/assistance. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. 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. OUCC testimony in NIPSCO's pending rate case is due Jan. 20, 2023. 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. An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. Base Rates Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. Brown coal plant over a longer period of time and at a lower rate. The case seeks an increase in annual revenues of approximately $58.2 million. input, Indiana Office of Utility Consumer Counselor, Report McElmurry said as NIPSCO's coal plants retire, costs should go down because the utility will no longer pay for the cost of fuel. The increase would likely be phased in over two steps, starting no sooner than September 1, 2022. (Andy Lavalley for the Post-Tribune) (Post-Tribune). 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. NIPSCO opened this wind farm in White County in Nov. 2021. The proposed increase will go through a regulatory review process, which includes an . The price raise would be introduced in late 2023. NIPSCO's natural gas base rates were most recently approved in 2018. The panels are part of the utility's transition to renewable energy. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. 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. According to a press release from NIPSCO, an average. NIPSCO offers a variety of options for customers who are having difficulty paying their bill including low-income customers. Copyright 2022 IPB News. NIPSCO Gas is now back before the IURC with another demand to raise monthly gas bills in Cause Number 45621. 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 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. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. 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. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. Accessibility Issues, Transmission, Distribution & Storage System Improvement Charge (TDSIC), Capacity resources needed for system reliability, Participation in Midcontinent IndependentTransmission System Operator (MISO). Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. Visit NIPSCO.com/Save for more information on available programs and other ways to save. The rate proposal comes as NIPSCO makes a historic transition from generating electricity primarily with coal and natural gas to using renewable energy sources like wind and solar. 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. If approved, the average NIPSCO Gas customer will see their monthly bill increase by 17%. This page will be updated based on case developments. 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. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. The request includes evidence to support the increase and demonstrate how it will benefit customers. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. Written consumer comments are invited through the end of the day on Jan. 13, 2023. 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.. 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. Copyright 2023 State of Indiana - All rights reserved. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. Northern Indiana Public Service Co.s R.M. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. 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. Where can I find out more information? Written consumer comments must be submitted no later than January 13, 2023. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. Join the conversation and sign up for the Indiana Two-Way. As NIPSCO 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. 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. Learn more about NIPSCOs rates at NIPSCO.com/2022gasrates. As those remaining facilities are retired between 2026 and 2028, those costs will be eliminated. 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. Kerwin Olson is the executive director of the Citizens Action Coalition. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." Consumers may also speak to the Commission, under oath, at an IURC public field hearing. 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. The first increase would take place mid-2018, the second in 2019, spokesman Nick Meyer . 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. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. MERRILLVILLE, Ind. Bill payment assistance programs, including support for vulnerable customers, as well as energy savings programs, continue to be available. OUCC testimony in NIPSCOs pending rate case is due Jan. 20, 2023. 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. 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. NIPSCOs natural gas base rates were most recently approved in 2018. NIPSCO is transitioning to a more balanced and reliable portfolio. The OUCC's monthly newsletter will provide additional updates. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. These are the issues of immediate importance we are working on right now. input. 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. Help us fight the rate hike! The program opens on October 1 for online and mail-in applications. Electric rates were not at issue in this case. NIPSCO is requesting a base rate increase for its electric utility. Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. In testimony filed on Jan. 20, 2022, the OUCC recommended limiting the increase to $56.4 million. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. All dates are subject to change, and a settlement is possible in any Commission case. View NIPSCO's rate case order Frequently asked questions Why now? Copyright 2023 State of Indiana - All rights reserved. Yes. 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. All filings are available by entering the cause number in the IURC'sOnline Services Portal. The utility's announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. 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's current natural gas base rates were approved back in 2018. It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. 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