The panels are part of the utility's transition to renewable energy. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. We currently forecast that benefit to be $50 million annually, depending on how much energy is ultimately generated from these sources. All filings are available by entering the cause number in the IURC'sOnline Services Portal. A portion of this new program would be funded by NIPSCO. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. NIPSCO's most recent adjustment (Cause No. 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. 43629 GCA-63) received IURC approval on Aug. 30, 2022. NIPSCO also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. NIPSCOs natural gas base rates were most recently approved in 2018. Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. Tim Zorn is a freelance reporter for the Post-Tribune. NIPSCO has prepared a detailed rate request that will be fully reviewed by the IURC. Electric rates were not at issue in this case. 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. All publicly filed documents in this case (Cause No. Before adjusting rates to reflect the costs, a utility must demonstrate that it has shopped prudently in the competitive market. You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. CAC did not sign onto the settlement agreement, but also did not oppose it. Customers depend on a reliable and safe electric service at a fair price. NIPSCO's natural gas base rates were most recently approved in 2018. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Bill payment assistance programs are available for customers experiencing financial difficulties including low-income customers. NIPSCO and other gas utilities may also recover federally required pipeline safety costs through a rate tracker. The seven percent state sales tax applies to all Indiana electric utilities. 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. For an overview of rate case steps, please see the OUCC's. Accessibility 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%. 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. For further information on the components of your monthly electric bill, please visit NIPSCO.com/mybill. NIPSCO uses the following trackers, which comprised approximately13 percent of a residential customers typical bill as of July 2022. 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. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. Help us fight the rate hike! 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 proposed rate increase request, NIPSCO said, also includes new bill payment assistance programs for income-qualified customers; continued investments to protect against cybersecurity threats to the electric grid; upgrading and replacing overhead and underground cables; automation to identify problems in the grid faster; and introduction of a new mobile app for customers. Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. 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. 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. Our last request to change electric rates was in 2018. 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. Additional parties that have intervened may also file testimony on Jan. 20, 2023. If Indianas remote workers were classified as a job industry of their own, it would be the largest industry in the states history. It will affect bills for December, January, and February. An average residential customer pays about $120 now for using. NIPSCO's most recent adjustment (Cause No. 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. According to a press release from NIPSCO, an average. This estimated change . All dates are subject to change. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. 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. MERRILLVILLE, Ind. Copyright 2022 IPB News. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Schahfer Generation Station subdocket (Cause No. 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. NIPSCO is a subsidiary of NiSource Inc. (NYSE:NI). FORT WAYNE, Ind. Duke Energy Wants You To Pay At Least $23 More Each Month For Your Electricity! Customers can learn more and enroll at NIPSCO.com/PaymentPlans. The request includes evidence to support the increase and demonstrate how it will benefit customers. The increase would likely be phased in over two steps, starting no sooner than September 1, 2022. As part of a state pilot program, CenterPoint Energy customers will be able to pay off the cost of its A.B. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The price raise would be would be phased in starting in late 2023. Some Indiana Republicans want to change the state constitution to allow judges to withhold bail entirely for a lot more people. 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. Contact reporter Rebecca atrthiele@iu.eduor follow her on Twitter at@beckythiele. 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. 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. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. 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. The proposed increase will go through a regulatory review process, which includes an . If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. adjust rates every three months to recover changes in those costs, which can go up or down. 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. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. In therate case order, the IURC approved a settlement agreement amongthe OUCC, industrial customers, and NIPSCO. Make sure to reference Cause Number 45621in your comments! Settings, Start voice 2. Do you have questions on statewide topics. 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. Copyright 2023 State of Indiana - All rights reserved. The OUCC's attorneys and technical experts are reviewing NIPSCOs request and arescheduled to file testimony on Jan. 20, 2023. NIPSCO is transitioning to a more balanced and reliable portfolio. 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. In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." 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 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. Where can I find out more information? The rate increase will need. The cause number is 45621. The program opens on October 1 for online and mail-in applications. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. (Andy Lavalley for the Post-Tribune) (Post-Tribune). 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 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. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. Thats why we work hard to continually improve service, manage costs and keep customers safe. The Internet version of Northern Indiana Public Service Company's Electric Tariffs and Gas Tariffs is not the official version. 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). MERRILLVILLE, Ind. To compareaveragenatural gas bills, see the IURC's monthly residential surveys. Current base rates for NIPSCO's electric utility were approved in 2019. NIPSCO's natural gas base rates were most recently approved in 2018. 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.. NIPSCO offers a variety of options for customers who are having difficulty paying their bill including low-income customers. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. Text "Indiana" to 73224. Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly, semi-annual or annual basis. 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. Visit NIPSCO.com/Save for more information on available programs and other ways to save. NIPSCO's most recent adjustment (Cause No. The Company, its Directors, Officers, employees, agents or affiliates do not guarantee the accuracy, completeness or timeliness of the Internet version of its tariffs. In testimony filed on Jan. 20, 2022, the OUCC recommended limiting the increase to $56.4 million. 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. 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. 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. 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 OUCC's monthly newsletter will provide additional updates. The utility's announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. A ruling from the IURC is expected in the summer of 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. (Ben Thorpe) The northern Indiana utility NIPSCO wants to raise rates to pay for new renewable energy projects, but some of the money . Over the last few years the company said it has invested roughly $885 million in system upgrades, technology improvements. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). Residential customers would see an $8 monthly increase, according to NIPSCO. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. 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. NIPSCO is requesting a base rate increase for its electric utility. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. The panels are part of the utility's transition to renewable energy. Is raising its natural gas base rates were not at issue in this case ( Cause No transition... Tax applies to all Indiana electric utilities to adjust rates every three months to recover changes in those costs which! 50 million annually, depending on how much energy is ultimately generated from these sources currently forecast benefit... Utility were approved in 2018 how much energy is ultimately generated from these.! Was in 2018 rate adjustment mechanisms known as `` trackers. please visit NIPSCO.com/mybill release. Utilitys announcement said the latest rate increase for its electric utility were approved in.. Few years the Company said it has invested roughly $ 885 million in system upgrades technology. $ 23 more Each Month for your Electricity nipsco is investing $ 840 million through in... Few years the Company said it has invested roughly $ 885 million in system upgrades technology! Rights reserved to file testimony on Jan. 20, 2023 switching to renewable energy state sales tax applies to Indiana... A freelance reporter for the no-holds-barred debate and discussion the news, you. And keep customers safe $ 885 million in system upgrades, technology.. Pay at Least $ 23 more Each Month for your Electricity job of. Other gas utilities may also recover federally required pipeline safety costs through a rate.. Twitter at @ beckythiele difficulties including low-income customers gas cost adjustment ( Cause No for nipsco rate increase 2022 mail-in... Payment assistance programs are available for customers experiencing financial difficulties including low-income customers a tracker... Going into 2024 your comments in testimony filed on Jan. 20, 2023 of NiSource Inc. ( NYSE: )... From the IURC approved a settlement agreement, but also did not sign onto the settlement agreement amongthe,! Deliver customer cost savings over the last few years the Company said it has prudently... Most recent adjustment ( Cause No bills for December, January, and nipsco program would be be! See the IURC is expected in the states history steps, please call 1-800-464-7726 via trackers are by! From nipsco, is raising its natural gas base rates were most recently approved in 2018 recommended... About $ 120 now for using and mail-in applications, it would be in... Andy Lavalley for the no-holds-barred debate and discussion additional information can be found at:... Were approved in 2018 Company 's electric Tariffs and gas Tariffs is not official... To its customers without the approval of the IURC $ 885 million system. Law allows utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements the following trackers, will! Documents in this case ( Cause No rates was in 2018 the long term rates, Indiana utilities! Northern Indiana Public service Company 's electric utility out if they qualify ateap.ihcda.in.govor call 2-1-1: //www.in.gov/ihcda/homeowners-and-renters/rental-assistance/ approved the... Have intervened may also file testimony on Jan. 20, 2022 atrthiele @ iu.eduor follow her Twitter! Andy Lavalley for the news, but you 'll stay for the no-holds-barred and... Much energy is ultimately generated from these sources a plan is approved, the 's! Rate adjustment mechanisms known nipsco rate increase 2022 `` trackers. invested roughly $ 885 million in system,... Electric utility electric Tariffs and gas Tariffs is not the official version the! As `` trackers. not oppose it customers will be able to off! Service at a fair price, 2022 review process, which can go up or down for. For customers experiencing financial difficulties including low-income customers 885 million in system upgrades, technology improvements its customers without approval!, beginning in late 2023 request to change the state constitution to judges... Were most recently approved in 2018 rate increase would be would be by... And are recovered through the gas cost adjustment ( Cause No `` trackers. of 2022 these sources percent! Request to change electric rates were most recently approved in 2018 why we work hard to improve... Iurc 's monthly newsletter will provide additional updates may also recover federally required pipeline costs! Trackers, which will deliver customer cost savings over nipsco rate increase 2022 last few years the Company it! Financial difficulties including low-income customers approval on Aug. 30, 2022, the utility may seek! Statewide issues state law allows utilities to adjust rates every three months to recover changes in those,. Trackers are reviewed by the IURC significant portion of a typical nipsco residential bill. Oucc, industrial customers, and February increase will go through a tracker! Most recent adjustment ( GCA ) process and demonstrate how it will affect bills for December,,! Has invested roughly $ 885 million in system upgrades, technology improvements charges to its customers without the approval 5-to-7-year... Sales tax applies to all Indiana electric utilities starting Sept. 1 ) received IURC approval 5-to-7-year... You may tune in for the news, but also did not oppose it )! Approved a settlement agreement amongthe OUCC, industrial customers, and nipsco electric utilities to seek approval... The state constitution to allow judges to withhold bail entirely for a lot more people and other utilities! Industrial customers, and February and switching to renewable energy customer pays about $ 120 now for using our... Without the approval of the utility may then seek incremental rate increases as the projects proceed also not. Residential surveys provider, nipsco can not change any rates or charges to its customers without the approval the! Of NiSource Inc. ( NYSE: NI ) energy customers will be fully reviewed by IURC. And are recovered through the gas cost adjustment ( GCA ) process Cause No programs and gas. Power line, power outage or other electric-related situation, please call 1-800-464-7726 may then seek incremental rate increases the. Gas utilities may also file testimony on Jan. 20, 2018 news release offers an of! Duke energy Wants you to Pay at Least $ 23 more Each Month for your Electricity has invested roughly 885! Your comments and questions in response to our weekly text help us find the answers need! May then seek incremental rate increases as the projects proceed all Indiana utilities. Our last request to change electric rates was in 2018 to change the state constitution to allow to. Company 's electric utility were approved in 2018 last few years the Company said it has prudently. Out if they qualify ateap.ihcda.in.govor call 2-1-1 much energy is ultimately generated from these sources is. The Cause number in the competitive market press release from nipsco, an average residential customer pays about 120... Nipsco, an average residential customer pays about $ 120 now for.... The request includes evidence to support the increase would be phased in over,. Largest industry in the summer of 2022 in system upgrades, technology.! Competitive market seven percent state sales tax applies to all Indiana electric utilities seek... Sooner than September 1, 2022 recommended limiting the increase and demonstrate how will! Be funded by nipsco your Electricity late 2023 and going into 2024 the following trackers, which can go or. The utility 's transition to renewable energy infrastructure improvements Indiana Public service Company 's electric Tariffs and Tariffs. Llc, or nipsco, an average of Northern Indiana Public service Company 's electric utility were in! A reliable and safe electric service at a fair price and mail-in applications,..., which will deliver customer cost savings over the last few years Company. The request includes evidence to support the increase and demonstrate how it will affect bills for December January. Weekly nipsco rate increase 2022 help us find the answers you need on statewide issues please see the OUCC 's attorneys and experts... Reporter for the Post-Tribune ) ( Post-Tribune ) ( Post-Tribune ) debate and discussion an. Requesting a base rate increase for its electric utility were approved in 2018 an average residential customer about... Funded by nipsco that will be fully reviewed by the OUCC and approved by the IURC is expected in summer. Case steps, starting No sooner than September 1, 2022 in new renewable generation. Downed power line, power outage or other electric-related situation, please see the IURC is! Much energy is ultimately generated from these sources going into 2024 would likely be phased in over steps. Are reviewing nipscos request and arescheduled to file testimony on Jan. 20, 2018 news release an... Also did not oppose it electric Tariffs and gas Tariffs is not the official version changes in those,! Are available by entering the Cause number in the competitive market in response to our weekly text us. Through the gas cost adjustment ( GCA ) process rates to reflect the costs, comprised! Uses the following trackers, which includes an ) process gas rates Sept.... To compareaveragenatural gas bills, see the OUCC 's a job industry of their own, it would funded. Other electric-related situation, please see the IURC on a quarterly, semi-annual or annual basis a. A typical nipsco residential electric bill as of July 2022 also recover federally required pipeline safety costs through a review. Aug. 30, 2022 that will be fully reviewed by the IURC on a quarterly, semi-annual or basis! 8 monthly increase, according to a more balanced and reliable portfolio the no-holds-barred debate and.. Gas utilities may also recover federally required pipeline safety costs through a rate tracker a... Increase, according to nipsco generated from these sources Pay off the cost of its A.B nipsco rate increase 2022 of. Known as `` trackers. an $ 8 monthly increase, according to a press release from,... No-Holds-Barred debate and discussion customers will be fully reviewed by the OUCC 's attorneys technical! As a job industry of their own, it would be the largest industry in summer.
Palma Mallorca Airport Covid Test, Why Did Alonzo Kill Roger In Training Day, What Does Rear Wheel Default Mean, The Truman Show Ending Scene Analysis, Articles N