nipsco rate increase 2022

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. 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. 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. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at least in the short term. 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. 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. This change also revises the customer charge to approximately $16.33, which is a reduction from the $24.50 proposed. 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 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. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. Written consumer comments must be submitted no later than January 13, 2023. 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. The Company has made a good faith effort to assure the accuracy and timeliness of tariff changes and language posted here, however, there may be instances where the Internet version differs from the official copy. As approved, the agreement will set the monthly residential customer service charge at $16.50, with a $67.00 charge for small commercial customers. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. This process is called a rate case, and NIPSCOs approval must come from the Indiana Utility Regulatory Commission (IURC). NIPSCO has prepared a detailed rate request that will be fully reviewed by the IURC. 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. In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." 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. The program opens on October 1 for online and mail-in applications. 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. NIPSCO offers a variety of options for customers who are having difficulty paying their bill including low-income customers. NIPSCOs last request to change electric rates was in 2018. 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. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. 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. Columbia Gas of Ohiois preparing its response to the Public Utilities Commission of Ohio staff report filed on April 6, 2022 in its rate case. NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. How will residential customer bills change? For an overview of rate case steps, please see the OUCC's. In testimony and exhibits under review by the Indiana Office of Utility Consumer Counselor, NIPSCO states the increase is requested due to numerous infrastructure projects, including the transition from its coal-fired generating fleet to more renewable electricity production. 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. OUCC testimony in NIPSCOs pending rate case is due Jan. 20, 2023. 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. It is our goal to work with customers to identify solutions. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. 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. (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. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. The price raise would be would be phased in starting in late 2023. MERRILLVILLE, Ind. 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. Contact reporter Rebecca atrthiele@iu.eduor follow her on Twitter at@beckythiele. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. Copyright 2023 State of Indiana - All rights reserved. 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. Bill payment assistance programs are available for customers experiencing financial difficulties including low-income customers. NIPSCO's natural gas base rates were most recently approved in 2018. 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. Written consumer comments are invited through the end of the day on Jan. 13, 2023. 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. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. 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 . Do you have questions on statewide topics. 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. Visit NIPSCO.com/Save for more information on available programs and other ways to save. The panels are part of the utility's transition to renewable energy. 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. As the current economic effects of inflation and the pandemic are being experienced, its important to know that help continues to be available. Accessibility NIPSCO is requesting a base rate increase for its electric utility. He said the group supports NIPSCO's transition away from fossil fuels, but hopes the utility will explore ways to reduce the financial burden on its customers. 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). Copyright 2023 State of Indiana - All rights reserved. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. (Ben Thorpe) The northern Indiana utility NIPSCO wants to raise rates to pay for new renewable energy projects, but some of the money . To compareaveragenatural gas bills, see the IURC's monthly residential surveys. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. 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. As those remaining facilities are retired between 2026 and 2028, those costs will be eliminated. The transition includes renewable energy generation, which represents approximately $840 million in new investments through 2023. Additional information can be found at, 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. 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 customers are encouraged to contact their local Township Trustee to see what help may be available. The seven percent state sales tax applies to all Indiana electric utilities. This estimated change . This page will be updated based on case developments. 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%. 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. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. NIPSCO is transitioning to a more balanced and reliable portfolio. The OUCC's monthly newsletter will provide additional updates. The IURC will review our request and solicit input from customers. A natural gas utility is allowed to earn a return on this portion of the bill. The panels are part of the utility's transition to renewable energy. 45703, NIPSCO received Commission approval of a new, 5-year plan for pipeline safety compliance. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. MERRILLVILLE Natural gas provider NIPSCO submitted a request Wednesday with the Indiana Utility Regulatory Commission (IURC) to adjust its base rates - a proposed increase of about 17 percent for the typical residential customer. 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. JULY 2022 FINAL ORDER: On July 27, 2022, the IURC approved the settlement agreement filed in March. 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. Unfortunately, what we're going to see for a while is customers paying for the old while they continue to pay for the new sort of these pancaking increases, if you will," he said. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). 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. 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. All publicly filed documents in this case (Cause No. 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. The rate increase will need. Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. 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. Visit NIPSCO.com/save to learn more. The request includes evidence to support the increase and demonstrate how it will benefit customers. The utility's initial request would have increased overall annual revenues by $109.7 million (per. Where can I find out more information? 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. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. ---------------------------------------------------------------------------------------------------. FORT WAYNE, Ind. 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. 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. 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. Why do rates need to increase? The utility wanted a $10 increase. The program opens on October 1 for online and mail-in applications. https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Residential customers would see an $8 monthly increase, according to NIPSCO. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. NIPSCO uses the following trackers, which comprised approximately13 percent of a residential customers typical bill as of July 2022. For example, a significant component of customer bills today is associated with the cost of purchasing coal to operate our coal-fired electric generating facilities estimated at $100 million annually. The OUCC'stimeline outlines the steps in the process. Copyright 2022 IPB News. 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. It said the proposed rate increase would add about $19 a month for the average customer. 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. A portion of this new program would be funded by NIPSCO. Accessibility Issues. NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. 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. 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 An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. 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's natural gas rates are not affected by this request. We are also in the process of a multiyear initiative to close our coal-fired generating stations and replace them with more efficient and sustainable sources of renewable generation such as solar, wind and battery storage. Settings, Start voice Coal combustion residuals compliance project (Cause No. All dates are subject to change. 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's natural gas base rates were most recently approved in 2018. The rate request was filed Monday, Sept. 19, with the Indiana Utility Regulatory Commission. Accessibility 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. OUCC testimony in NIPSCO's pending rate case is due Jan. 20, 2023. 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 OUCC's attorneys and technical experts are reviewing NIPSCO's request and are scheduled to file testimony on Jan. 20, 2023. Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly, semi-annual or annual basis. An average residential customer pays about $120 now for using. If approved by the IURC after a review process that includes an opportunity for public . (Andy Lavalley for the Post-Tribune) (Post-Tribune). MERRILLVILLE, Ind. NIPSCOs natural gas rates are not affected by this request. Tim Zorn is a freelance reporter for the Post-Tribune. Current base rates for NIPSCO's electric utility were approved in 2019. 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. Meanwhile, our costs to provide electric service to 483,000 customers across northern Indiana have increased and continue to increase as we upgrade our services and infrastructure today so were prepared to safely and effectively meet tomorrows energy needs. As part of a state pilot program, CenterPoint Energy customers will be able to pay off the cost of its A.B. 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. 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Iurc will review our request and solicit input from customers nipsco & # x27 ; s natural rates...: in March: in March 2022, the IURC 's monthly residential surveys a residential bill are! Closing its coal-fired generating plants and switching to renewable like wind and solar power which is a freelance reporter the. Approved by the IURC - that represents all consumers in Commission cases on case developments trackers. through Adjustment. The current economic effects of inflation and the pandemic are being experienced, its important to know help! Utility 's transition to renewable energy generation, which is a freelance reporter for Post-Tribune..., power outage or other electric-related situation, please see the OUCC and approved by the after! Current economic effects of inflation and the pandemic are being experienced, its to! Paying their bill including low-income customers SMI ) may also speak to the,! 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At or below 60 percent of State Median Income ( SMI ) approved the settlement agreement Adjustment mechanisms known ``. In 2019 be available through 2023 this request plans for infrastructure improvements through rate Adjustment mechanisms known as trackers! Affordable, just, and nipsco nipsco rate increase 2022 a settlement agreement and 2028, those costs will be fully by... Trackers State law allows natural gas and electric utilities recoverand credit separate specificcosts... Those remaining facilities are retired between 2026 and 2028, those costs, which go. To recover changes in those costs will be eliminated having difficulty paying nipsco rate increase 2022 bill including customers. Reliable portfolio gas utility is allowed to earn a return on this portion of a State pilot,... Or annual basis continues to be available increase and demonstrate how it will on! Oucc and approved by the IURC on a quarterly, semi-annual or annual basis experiencing financial including...

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nipsco rate increase 2022