nipsco rate increase 2022

Unlike most companies, which can change the price of their product/service without outside approval, regulated energy providers like NIPSCO must submit a detailed request to change their rates. The investments were making provide direct benefits to all our customers, the communities we serve and the local economy, said Mike Hooper, NIPSCO president. 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 . 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. We currently forecast that benefit to be $50 million annually, depending on how much energy is ultimately generated from these sources. The case seeks an increase in annual revenues of approximately $58.2 million. 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. Customers can learn more and enroll at NIPSCO.com/PaymentPlans. Yes. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. Current base rates for NIPSCO's electric utility were approved in 2019. 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. This estimated change . Yes, its important that customers understand they have a voice in the process in multiple ways through written comments (which the IURC encourages), at public field hearings and via various consumer advocacy organizations that participate in the process. 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. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. For further information on the components of your monthly electric bill, please visit NIPSCO.com/mybill. ---------------------------------------------------------------------------------------------------. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. A Commission order is expected in the summer of 2023. NIPSCO's, Indiana Office of Utility Consumer Counselor, Report Yes. The program opens on October 1 for online and mail-in applications. 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. 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. These are the issues of immediate importance we are working on right now. 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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. 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. 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. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). 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. All publicly filed documents in this case (Cause No. NIPSCO's current natural gas base rates were approved back in 2018. 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. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. 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 Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. Accessibility Issues. 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. Any changes to a customers bill that are ultimately approved by the IURC will be phased in over time beginning in late 2023 and into 2024, versus a one-time increase. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. 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. If Indianas remote workers were classified as a job industry of their own, it would be the largest industry in the states history. The IURC will review our request and solicit input from customers. The first increase would take place mid-2018, the second in 2019, spokesman Nick Meyer . Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. NIPSCO's natural gas base rates were most recently approved in 2018. Bill payment assistance programs are available for customers experiencing financial difficulties including low-income customers. In Cause No. Accessibility Issues, All documents filed in this case, including testimony supporting the agreement, are available through the IURC's. 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. 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. 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. Join the conversation and sign up for the Indiana Two-Way. 2017 Tax Cuts & Jobs Act investigation (Cause No. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. This is above and beyond the significant increases we saw in the cost of natural gas itself throughout 2021, which has hit Hoosiers hard in recent months. NIPSCO's natural gas base rates were most recently approved in 2018. 43629 GCA-64) received IURC approval in November 2022. Copyright 2023 State of Indiana - All rights reserved. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. 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. adjust rates every three months to recover changes in those costs, which can go up or down. 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. Accessibility https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. 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. NIPSCO's natural gas rates are not affected by this request. NIPSCO opened this wind farm in White County in Nov. 2021. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. Bill payment assistance programs, including support for vulnerable customers, as well as energy savings programs, continue to be available. Copyright 2023 State of Indiana - All rights reserved. Natural gas utilities buy gas for their customers in a competitive wholesale market. The request includes evidence to support the increase and demonstrate how it will benefit customers. 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. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Where can I find out more information? Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments. Tim Zorn is a freelance reporter for the Post-Tribune. 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 Settings, Start voice The OUCC'stimeline outlines the steps in the process. A natural gas utility is allowed to earn a return on this portion of the bill. 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 notes that various assistance programs are available for those who would have trouble paying. If approved by the IURC after a review process that includes an opportunity for public . It says the last increase to the natural gas base rate was approved in 2018. 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. NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at least in the short term. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. NIPSCO has asked to increase rates by about $19 a month for the average resident. 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 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. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. 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 price raise would be introduced in late 2023. It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. Revenue from excess power generated by NIPSCOs renewable energy projects is factored into the energy use charges item on electricity bills, McElmurry said. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. NIPSCO says the first phase would go into effect no earlier than Sept. 1, 2022. 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. McElmurry said as NIPSCO's coal plants retire, costs should go down because the utility will no longer pay for the cost of fuel. 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 increase would likely be phased in over two steps, starting no sooner than September 1, 2022. 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 The agreement will allow for an increase of approximately $71.8 million, a decrease of $37.9 million from the utility's request. 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. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Learn more at NIPSCO.com/save and NIPSCO.com/assistance. The case's current schedule is available on the Commission's website. 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. All dates are subject to change. NIPSCO's current gas TDSIC plan received Commission approval in July 2020. The OUCC's monthly newsletter will provide additional updates. 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. 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. 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. Beyond the necessary upgrades, grid modernization and customer-centric enhancements that are critical to ensure the level of service our customers expect for the future, a significant portion of the investments are tied to our future energy transition and the addition of new renewable energy projects located in Indiana.. 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. It can take approximately 10 months before the IURC reaches a decision. 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. 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. In therate case order, the IURC approved a settlement agreement amongthe OUCC, industrial customers, and NIPSCO. 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. Accessibility 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. NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. 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. It said the proposed rate increase would add about $19 a month for the average customer. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. 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. 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. 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. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. Contact reporter Rebecca atrthiele@iu.eduor follow her on Twitter at@beckythiele. 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. 43629 GCA-63) received IURC approval on Aug. 30, 2022. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. *Source: Indiana Utility Regulatory Commissions 2021 Residential Bill Survey. 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. 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. All filings are available by entering the cause number in the IURC'sOnline Services Portal. NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. 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 total overall expected change represents an increase of $71.8 million annually. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. NIPSCO is requesting a base rate increase for its electric utility. JULY 2022 FINAL ORDER: On July 27, 2022, the IURC approved the settlement agreement filed in March. 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. NIPSCO's case is in the early stages, with the OUCC now analyzing the request and inviting public comments through Jan. 13. NIPSCO offers a variety of options for customers who are having difficulty paying their bill including low-income customers. NIPSCO said customers' overall gas bills would include a fixed monthly. Coal combustion residuals compliance project (Cause No. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. View NIPSCO's rate case order Frequently asked questions Why now? NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. 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. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. Over the last few years the company said it has invested roughly $885 million in system upgrades, technology improvements. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. NIPSCO also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. 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. MERRILLVILLE, Ind. NIPSCO has asked to increase rates by about $19 a month for the average resident. NIPSCO's natural gas base rates were most recently approved in 2018. NIPSCO Electric Rate Case (2022/2023) NIPSCO is requesting a base rate increase for its electric utility. Public comments are invited as explained below. It is our goal to work with customers to identify solutions. Since that time, NIPSCO has invested 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. The price raise would be would be phased in starting in late 2023. The company, a subsidiary of NiSource, said that if the IURC approves the increase its average residential customer using 668 kilowatt hours per month and currently paying $120 would pay $19 more. NIPSCO says this is to ensure safe and reliable gas service for the 850,000 customers, across 32 counties, it serves. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. 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. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. (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. Kerwin Olson is the executive director of the Citizens Action Coalition. The investments were making provide direct benefits to all our customers, the communities we serve and the local economy, NIPSCO President Mike Hooper said in the companys news release. NIPSCO has asked to increase rates by about $19 a month for the average resident. The utility wanted a $10 increase. The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. Only public comments will be taken and no presentation is planned by the utility company. Northern Indiana Public Service Co.s R.M. 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 . Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at . Accessibility NIPSCO uses the following trackers, which comprised approximately13 percent of a residential customers typical bill as of July 2022.

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