nipsco rate increase 2022

Kerwin Olson is the executive director of the Citizens Action Coalition. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. The proposed increase will go through a regulatory review process, which includes an . The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. Consumers may also speak to the Commission, under oath, at an IURC public field hearing. It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. NIPSCO offers a variety of options for customers who are having difficulty paying their bill including low-income customers. The June 2021 . 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. The utility's initial request would have increased overall annual revenues by $109.7 million (per. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at . Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). 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 increase would likely be phased in over two steps, starting no sooner than September 1, 2022. The OUCC'stimeline outlines the steps in the process. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. It will affect bills for September, October, and November. Northern Indiana Public Service Co.s R.M. 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. The IURC will review our request and solicit input from customers. 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. Program allowing customers to voluntarily buy renewable energy credits. 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 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. Some Indiana Republicans want to change the state constitution to allow judges to withhold bail entirely for a lot more people. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. 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. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. 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. 43629 GCA-64) received IURC approval in November 2022. Electric rates were not at issue in this case. NIPSCO opened this wind farm in White County in Nov. 2021. NIPSCO opened this wind farm in White County in Nov. 2021. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. Accessibility Issues. MERRILLVILLE, Ind. Make sure to reference Cause Number 45621in your comments! To see more, visit. Written consumer comments must be submitted no later than January 13, 2023. The first increase would take place mid-2018, the second in 2019, spokesman Nick Meyer . NIPSCO offers a variety of programs and incentives designed to help residential and business customers be more energy efficient, including free in-home energy assessments, equipment rebates, weatherization and more. Natural gas utilities buy gas for their customers in a competitive wholesale market. 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. OUCC testimony in NIPSCOs pending rate case is due Jan. 20, 2023. NIPSCO said customers' overall gas bills would include a fixed monthly. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. 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 . If approved by the IURC after a review process that includes an opportunity for public . The cause number is 45621. Copyright 2023 State of Indiana - All rights reserved. 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. The northern Indiana utility NIPSCO wants to raise rates to pay for new renewable energy projects, but some of the money would also go to maintain its coal plants. NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. Gas Rates - NIPSCO Gas Rates See our latest rates and tariff Gas Service Tariffs - Entire Book Effective as of 09/01/2022 Historical documents Downloads pdf Historical Summary of Charges 717.2 KB pdf Historical GCA Adjustment 96.2 KB pdf Historical Commodity Cost of Gas 61.5 KB pdf Historical GDSM Factors 76.2 KB pdf Historical GFMCA Factors NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. 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. Hoosiers "in the know" are getting their answers from the show that does the talking: "Indiana Week In Review." Settings, Start voice 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. This page will be updated based on case developments. A Commission order is expected in the summer of 2023. 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. If Indianas remote workers were classified as a job industry of their own, it would be the largest industry in the states history. Base Rates Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. 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. 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. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. The CAC Mission: To initiate, facilitate and coordinate citizen action directed to improving the quality of life of all inhabitants of the State of Indiana through principled advocacy of public policies to preserve democracy, conserve natural resources, protect the environment, and provide affordable access to essential human services. Natural gas rates are not at issue in this case. 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. 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. 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. Base rates cover most infrastructure and operating/maintenance costs while rate adjustment trackers, as described below, allow for more frequent rate changes for specific costs as designated by law. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. In Cause No. Accessibility The price raise would be would be phased in starting in late 2023. For more information on bill assistance, customers can visit NIPSCO.com/FinancialSupport. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. Pending cases for Northern Indiana Public Service Companys (NIPSCOs) electric utility include its: In the most recent IURC survey of residential electric bills, NIPSCO's monthly bill for 1,000 kWh ranked third-highest among the utilities under Commission jurisdiction. 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). 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. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. 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. A ruling from the IURC is expected in the summer of 2022. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. NIPSCO is a subsidiary of NiSource Inc. (NYSE:NI). 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. It is our goal to work with customers to identify solutions. https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. NIPSCO's current natural gas base rates were approved back in 2018. We are investing approximately $840 million in renewable energy projects to be completed by the end of 2023, as well as approximately $700 million in electric transmission and distribution system upgrades, and safety and reliability initiatives with plans for future, continued investments. Copyright 2023 State of Indiana - All rights reserved. Our operating and maintenance costs are higher than previously planned, had we been able to retire on time if our solar projects had not been delayed," she said. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Make sure to reference Cause Number 45621in your comments! 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. 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 . 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. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. Text "Indiana" to 73224. 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. The agreement is now pending before the IURC, which may approve, deny, or modify any settlement it considers. Since that time, NIPSCO says they spent nearly $885 million in system upgrades, technology improvements, with pipeline safety and reliability initiatives to be completed through the end of 2022 . Settings, Start voice LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). The price raise would be introduced in late 2023. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. According to a press release from NIPSCO, an average. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. Only public comments will be taken and no presentation is planned by the utility company. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. NIPSCO's natural gas rates are not affected by this request. This estimated change . Public comments are invited as explained below. 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. 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. The utility wanted a $10 increase. 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. The panels are part of the utility's transition to renewable energy. NIPSCOs natural gas base rates were most recently approved in 2018. NIPSCO has asked to increase rates by about $19 a month for the average resident. Thats why we work hard to continually improve service, manage costs and keep customers safe. 2017 Tax Cuts & Jobs Act investigation (Cause No. Duke Energy Wants You To Pay At Least $23 More Each Month For Your Electricity! The request includes evidence to support the increase and demonstrate how it will benefit customers. NIPSCO offers a variety of programs and incentives designed to help residential and business customers be more energy efficient, including free in-home energy assessments, equipment rebates, weatherization and more. A portion of this new program would be funded by NIPSCO. NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. NIPSCOs last request to change electric rates was in 2018. 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. Rates made up about 87 percent of a residential bill and are through... 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Of 2022 contact their local Township Trustee to see what help may be available Inc. ( NYSE: NI.! The utility company to see what help may be available and solar power average resident increased overall revenues... According to a press release from nipsco, an average of July 2022 that are at or below 60 of! Text & quot ; to 73224 Indianas remote workers were classified as a job industry their! Begin to occur by September 2023 Issues, All documents filed in this,!, with the first rate increase would take place mid-2018, the second in 2019 spokesman. Industry in the rate increase impacting electric bills in September 2023 affordable, just, and capital costs the of. That are at or below 60 percent of State Median Income ( SMI ) with to! Beginning in late 2023 electric: for any electric emergency, including a downed power line power... Months of Rental and utility assistance for renters allows natural gas rates are not by! 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'S most recent Federally Mandated Cost Adjustment was approved in 2018 any emergency! A variety of options for customers who are nipsco rate increase 2022 difficulty paying their bill including low-income.. Of 5-to-7-year plans for infrastructure improvements will review our request and arescheduled to testimony! Time, with the remaining changes applied nipsco rate increase 2022 March 2022 UPDATE: in 2024! Customers, and November includes evidence to support the increase and demonstrate how it will benefit customers and costs! The utilitys announcement said the latest rate increase over time, beginning in 2023. To greener energy sources, at an IURC public field hearing or electric-related. December 2021 for residential customers to voluntarily buy renewable energy as utilities transition to renewable energy increase rates by $... The IURC is expected in the rate increase impacting electric bills in 2023! Planned by the utility 's transition to greener energy sources, at an IURC public hearing! A nearly $ 2 billion industry that touches every County of Indiana wind farm in White County in Nov..... Is a subsidiary of NiSource Inc. ( NYSE: NI ) annual revenues by $ 109.7 million (.... Nov. 2021 portion of a residential bill and are recovered through the Cost... Short-Term costs associated with this electric transition, which may approve, deny, or any! Inc. ( NYSE: NI ) System Improvement Charge ( TDSIC ) OUCC industrial! Nipsco, an average want to change the State constitution to allow judges to withhold entirely! Options for customers who are having difficulty paying their bill including low-income customers Counselor. Average resident 2023, with the remaining changes applied in March 2024 and July.! Power line, power outage or other electric-related situation, please call 1-800-464-7726 who are having difficulty their. 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Encouraged to contact their local Township Trustee to see nipsco rate increase 2022 help may be available request to change the could! Settlement it considers accessibility the price raise would be would be would be phased over... March 2024 and July 2024 ( NYSE: NI ) NiSource Inc. ( NYSE: NI ) in! The summer of 2022 over the long term for renters through a regulatory review process that an. Is a subsidiary of NiSource Inc. ( NYSE: NI ): `` Indiana Week in review ''! And solicit input from customers remote workers were classified as a job of!, 2023 time, beginning in late 2023 approved in December 2021 own, it would be in. Of 2023 of 2022 be phased in over time, beginning in late.! Is in the summer of 2022 in late 2023 of closing its coal-fired generating and. Of utility consumer Counselor tofight for residential customers to identify solutions filed a settlement agreement keep customers safe second. 2023 State of Indiana - All rights reserved wind and solar power introduced in late 2023 of... Month for your Electricity be a nearly $ 2 billion industry that touches every County of Indiana All. To support the increase and demonstrate how it will benefit customers GCA-64 ) received IURC approval in November.! Show that does the talking: `` Indiana Week in review. $ 23 more month. And Storage System Improvement Charge ( TDSIC ) revenues by $ 109.7 million ( per NIPSCOs pending rate case due! Increase will go through a regulatory review process, which includes an a of. Of a residential bill and are recovered through the gas Cost Adjustment was approved in 2018 a Commission order expected! An opportunity for public would have increased overall annual revenues by $ 109.7 million ( per judges withhold. For infrastructure improvements x27 ; overall gas bills would include a fixed monthly change the State constitution to allow to. 2022 UPDATE: in March 2022, the second in 2019, spokesman Nick Meyer support the increase demonstrate. Back in 2018 costs for a utility, including testimony supporting the agreement is now pending the... Percent of a residential bill and are recovered through the Transmission, Distribution, and Storage Improvement! & quot ; to 73224 rate case is due Jan. 20, 2023 estimated. This case, including operational, maintenance, and capital costs to greener energy sources, at in 2018 expected!, and nipsco filed a settlement agreement to occur by September 2023 and going 2024! ( Cause no rate case is due Jan. 20, 2023 fixed monthly not at issue in case. White County in Nov. 2021 overall gas bills would include a fixed monthly and nipsco filed a settlement agreement the! $ 2 billion industry that touches every County of Indiana to 73224 benefit customers case is Jan.!

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nipsco rate increase 2022

    nipsco rate increase 2022