nipsco rate increase 2022

The price raise would be would be phased in starting in late 2023. Text "Indiana" to 73224. Natural gas utilities buy gas for their customers in a competitive wholesale market. A natural gas utility is allowed to earn a return on this portion of the bill. 45772) are available on the IURC's website. The panels are part of the utility's transition to renewable energy. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. Written consumer comments must be submitted no later than January 13, 2023. 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. 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 Companys most recent electric rate increase went into effect Jan. 1, 2020, raising the average residential bill by $6 a month. Hoosiers "in the know" are getting their answers from the show that does the talking: "Indiana Week In Review." 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.. Tara McElmurry, NIPSCOs communications manager, said two coal-fired units at the Schahfer generating station in Wheatfield are scheduled to close in 2025, and the Michigan City generating station is to shut down in 2026 or 2028. Visit NIPSCO.com/save to learn more. 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. A ruling from the IURC is expected in the summer of 2022. An average residential customer pays about $120 now for using. 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. For an overview of rate case steps, please see the OUCC's. Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. The price raise would be introduced in late 2023. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at . Schahfer Generation Station subdocket (Cause No. To compareaveragenatural gas bills, see the IURC's monthly residential surveys. Thats why we work hard to continually improve service, manage costs and keep customers safe. 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. Bill payment assistance programs are available for customers experiencing financial difficulties including low-income customers. 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. 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 OUCC's attorneys and technical experts are reviewing NIPSCO's request and are scheduled to file testimony on Jan. 20, 2023. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. 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 June 2021 . 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. The proposed increase will go through a regulatory review process, which includes an . The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). We currently forecast that benefit to be $50 million annually, depending on how much energy is ultimately generated from these sources. Accessibility ----------------------------------- Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). 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. FORT WAYNE, Ind. input, Indiana Office of Utility Consumer Counselor, Report NIPSCO notes that various assistance programs are available for those who would have trouble paying. 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. 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. Sep 29, 2021. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. Contact reporter Rebecca atrthiele@iu.eduor follow her on Twitter at@beckythiele. NIPSCO opened this wind farm in White County in Nov. 2021. 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. Coal combustion residuals compliance project (Cause No. 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 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. NIPSCO's most recent adjustment (Cause No. 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. 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. Accessibility It says the last increase to the natural gas base rate was approved in 2018. Kerwin Olson is the executive director of the Citizens Action Coalition. NIPSCO says this is to ensure safe and reliable gas service for the 850,000 customers, across 32 counties, it serves. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. NIPSCO has prepared a detailed rate request that will be fully reviewed by the IURC. 2. Dec. 1INDIANAPOLIS The Indiana Office of Utility Consumer Counselor, the state agency representing consumer interests in cases before the Indiana Utility Regulatory Commission, is inviting . Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments. All dates are subject to change. 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 most recent adjustment (Cause No. Yes. 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. For more information on bill assistance, customers can visit NIPSCO.com/FinancialSupport. To see more, visit. 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%. 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MICHIGAN CITY - Residents who want to speak up on NIPSCO's removal of coal ash from its Michigan City Generating Station - and proposed rate increases to cover the cost - won't have to go far. Learn more about NIPSCOs rates at NIPSCO.com/2022gasrates. An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. 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. If approved, the average NIPSCO Gas customer will see their monthly bill increase by 17%. 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. In therate case order, the IURC approved a settlement agreement amongthe OUCC, industrial customers, and NIPSCO. Tim Zorn is a freelance reporter for the Post-Tribune. 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. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. 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. Our last request to change electric rates was in 2018. 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. 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 agreement is now pending before the IURC, which may approve, deny, or modify any settlement it considers. 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. We currently forecast an estimated $50 million annually that would flow back to customers, depending on how much energy is ultimately generated from these sources. Visit NIPSCO.com/Save for more information on available programs and other ways to save. Consumers may also speak to the Commission, under oath, at an IURC public field hearing. 43629 GCA-63) received IURC approval on Aug. 30, 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. NIPSCO's, Indiana Office of Utility Consumer Counselor, Report The monthly fixed charge is the amount you pay regardless of how much natural gas you use, which means the less you use, the bigger your increase. New natural gas base rates and charges for NIPSCO have received IURC approval. 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 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. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. The program opens on October 1 for online and mail-in applications. Copyright 2023 State of Indiana - All rights reserved. 2017 Tax Cuts & Jobs Act investigation (Cause No. Copyright 2022 IPB News. ---------------------------------------------------------------------------------------------------. MERRILLVILLE, Ind. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. *Source: Indiana Utility Regulatory Commissions 2021 Residential Bill Survey. If Indianas remote workers were classified as a job industry of their own, it would be the largest industry in the states history. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. It will affect bills for September, October, and November. NIPSCO opened this wind farm in White County in Nov. 2021. Help us fight the rate hike! (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.