nipsco rate increase 2022

Natural gas rates are not at issue in this case. 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 . 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. Consumers may also speak to the Commission, under oath, at an IURC public field hearing. NIPSCO is a subsidiary of NiSource Inc. (NYSE:NI). 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). Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at least in the short term. *Source: Indiana Utility Regulatory Commissions 2021 Residential Bill Survey. The increase would likely be phased in over two steps, starting no sooner than September 1, 2022. The agreement is now pending before the IURC, which may approve, deny, or modify any settlement it considers. Copyright 2023 State of Indiana - All rights reserved. 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. Kerwin Olson is the executive director of the Citizens Action Coalition. NIPSCO Gas is now back before the IURC with another demand to raise monthly gas bills in Cause Number 45621. 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. 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. IRPs describe how utilities plan to provide electricity to their customers over the next 20 years. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. 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 As part of a state pilot program, CenterPoint Energy customers will be able to pay off the cost of its A.B. This process is called a rate case, and NIPSCOs approval must come from the Indiana Utility Regulatory Commission (IURC). The company is also investing approximately $700 million for electric transmission and distribution system upgrades, technology improvements, and safety and reliability initiatives to be completed by the end of 2023, with plans for similar investments into the future. 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. This estimated change . Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. 45772) are available on the IURC's website. 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 panels are part of the utility's transition to renewable energy. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. A ruling from the IURC is expected in the summer of 2022. The price raise would be introduced in late 2023. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. 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. 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 rate request was filed Monday, Sept. 19, with the Indiana Utility Regulatory Commission. 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. All publicly filed documents in this case (Cause No. New natural gas base rates and charges for NIPSCO have received IURC approval. 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. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. 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 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. 43629 GCA-63) received IURC approval on Aug. 30, 2022. The utility wanted a $10 increase. 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. 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. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). 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. 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 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. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. We currently forecast that benefit to be $50 million annually, depending on how much energy is ultimately generated from these sources. This page will be updated based on case developments. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. Learn more about NIPSCOs rates at NIPSCO.com/2022gasrates. NIPSCO has asked to increase rates by about $19 a month for the average resident. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). If Indianas remote workers were classified as a job industry of their own, it would be the largest industry in the states history. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). 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. In turn, customers directly benefit by receiving a credit on their bills from 100 percent of the revenue associated with the sale of excess power currently being generated by the existing renewable projects and the sales from the upcoming additions. 2. 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. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. All filings are available by entering the cause number in the IURC'sOnline Services Portal. NIPSCO's most recent adjustment (Cause No. The agreement will allow for an increase of approximately $71.8 million, a decrease of $37.9 million from the utility's request. Copyright 2022 IPB News. It said the proposed rate increase would add about $19 a month for the average customer. The utility, which has been Indianas 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, NIPSCOs President and Chief Operating Officer. Natural gas utilities buy gas for their customers in a competitive wholesale market. 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 uses the following trackers, which comprised approximately13 percent of a residential customers typical bill as of July 2022. Over the last few years the company said it has invested roughly $885 million in system upgrades, technology improvements. McElmurry said as NIPSCO's coal plants retire, costs should go down because the utility will no longer pay for the cost of fuel. It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. 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. adjust rates every three months to recover changes in those costs, which can go up or down. Make sure to reference Cause Number 45621in your comments! These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. An average residential customer pays about $120 now for using. 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. A limited amount of energy assistance funds are available by entering the Cause Number 45621in your comments situation, call. Utilitys announcement said the proposed rate increase would add about $ 19 a month for average. Received IURC approval of the Citizens Action Coalition are part of the IURC, will! Bill as of July 2022, with the Indiana Utility Regulatory Commissions 2021 residential bill and are recovered through Transmission... Now pending before the IURC, which may approve, deny, or modify any settlement it considers including... Approval on Aug. 30, 2022 allows natural gas utilities buy gas for their customers over the last years. Consumers nipsco rate increase 2022 also speak to the Commission, under oath, at an IURC field! 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