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> NIPSCO rates going up 10%
Southsider2k12
post Jul 27 2022, 01:26 PM
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NIPSCo rates about to increase 10%

From their press release:

"NEWLY APPROVED NIPSCO NATURAL GAS RATES TO TAKE EFFECT BEGINNING SEPT. Supports safe operations, infrastructure upgrades and extension of programs to help customers save energy and money

MERRILLVILLE, Ind. – 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 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 – 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, NIPSCO’s President and Chief Operating Officer. “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 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).

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. This change also revises the customer charge to approximately $16.33, which is a reduction from the $24.50 proposed.

Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class.

NIPSCO’s natural gas base rates were most recently approved 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.

Bill payment assistance programs, including support for vulnerable customers, as well as energy savings programs, continue to be available. Learn more at NIPSCO.com/save and
NIPSCO.com/assistance.

The total overall expected change represents an increase of $71.8 million annually. Learn more
about NIPSCO’s rates at NIPSCO.com/2022gasrates."
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Southsider2k12
post Jan 27 2023, 10:05 AM
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https://www.nwitimes.com/news/local/michiga...home-the-latest

QUOTE
The City Council unanimously opposes NIPSCO’s proposed 16.5% increase in electric rates.

The increase would include having ratepayers foot the bill for retiring the coal-fired Michigan City Generating Station.

“The electric rates of NIPSCO are already among the highest,” council Vice President Don Przybylinski, D-at large, said, with residents already hard-pressed to pay their bills. Michigan City has a high poverty rate.

He’s concerned that NiSource, NIPSCO’s parent, might look to electric customers to support money-losing ventures.

“It is time that NIPSCO executives take pay cuts” and reduce costs, Przybylinski said.

His brother, Councilman Paul Przybylinski, D-2nd, said he’s concerned about the effect on businesses as well as residents. “NIPSCO is and has been a leading high-rate utility in the state of Indiana.”
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diggler
post Jan 27 2023, 02:01 PM
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For once the council is doing something right. wink.gif
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