nipsco rate increase 2022

The investments were making provide direct benefits to all our customers, the communities we serve and the local economy, said Mike Hooper, NIPSCO president. 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 A Commission order is expected in the summer of 2023. 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%. Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. Trackers State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). 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. 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. 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. 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 . It says the last increase to the natural gas base rate was approved in 2018. NIPSCO's natural gas rates are not affected by this request. NIPSCOs natural gas base rates were most recently approved in 2018. 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. NIPSCO's natural gas base rates were most recently approved in 2018. The price raise would be would be phased in starting in late 2023. As those remaining facilities are retired between 2026 and 2028, those costs will be eliminated. 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. 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. Kerwin Olson is the executive director of the Citizens Action Coalition. It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. The cause number is 45621. 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 natural gas base rates were most recently approved in 2018. Do you have questions on statewide topics. Visit NIPSCO.com/Save for more information on available programs and other ways to save. Accessibility The June 2021 . 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.. OUCC testimony in NIPSCO's pending rate case is due Jan. 20, 2023. 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. Natural gas utilities buy gas for their customers in a competitive wholesale market. A portion of this new program would be funded by NIPSCO. Our last request to change electric rates was in 2018. NIPSCO has asked to increase rates by about $19 a month for the average resident. 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. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. 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. The seven percent state sales tax applies to all Indiana electric utilities. NIPSCO Gas is now back before the IURC with another demand to raise monthly gas bills in Cause Number 45621. A ruling from the IURC is expected in the summer of 2022. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. NIPSCO Electric Rate Case (2022/2023) NIPSCO is requesting a base rate increase for its electric utility. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. NIPSCO's most recent adjustment (Cause No. The utility wanted a $10 increase. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. For more information on bill assistance, customers can visit NIPSCO.com/FinancialSupport. NIPSCO's natural gas base rates were most recently approved in 2018. Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. 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. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. 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. 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. 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. 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 NIPSCO opened this wind farm in White County in Nov. 2021. Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. Sep 29, 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. 45772) are available on the IURC's website. Copyright 2023 State of Indiana - All rights reserved. Customers can learn more and enroll at NIPSCO.com/PaymentPlans. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. NIPSCO says this is to ensure safe and reliable gas service for the 850,000 customers, across 32 counties, it serves. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). 2. NIPSCO and other gas utilities may also recover federally required pipeline safety costs through a rate tracker. NIPSCO has asked to increase rates by about $19 a month for the average resident. The Indiana Utility Regulatory Commission will conduct a field hearing on the utility's Ash Pond Compliance Project on Aug. 1 at City Hall in Michigan City. Settings, Start voice Copyright 2023 State of Indiana - All rights reserved. In Cause No. 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. Public comments are invited as explained below. 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. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. A natural gas utility is allowed to earn a return on this portion of the bill. Written consumer comments must be submitted no later than January 13, 2023. Learn more about NIPSCOs rates at NIPSCO.com/2022gasrates. 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 . NIPSCO's most recent adjustment (Cause No. All publicly filed documents in this case (Cause No. NIPSCO notes that various assistance programs are available for those who would have trouble paying. The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at least in the short term. These are the issues of immediate importance we are working on right now. Yes. 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. Consumers may also speak to the Commission, under oath, at an IURC public field hearing. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. Brown coal plant over a longer period of time and at a lower rate. 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. 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. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. Join the conversation and sign up for the Indiana Two-Way. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). Yes. 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. 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. Additional information can be found at https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Some Indiana Republicans want to change the state constitution to allow judges to withhold bail entirely for a lot more people. Only public comments will be taken and no presentation is planned by the utility company. 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 . NIPSCO opened this wind farm in White County in Nov. 2021. Natural gas rates are not at issue in this case. 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). State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. 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. In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." This process is called a rate case, and NIPSCOs approval must come from the Indiana Utility Regulatory Commission (IURC). The Indiana Utility Regulatory Commission (IURC) recently approved over $1 BILLION in NIPSCO Gas rate increases, which will continue increasing monthly bills for NIPSCO Gas customers by an average of 1.3% every year through 2025. 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 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. The IURC will review our request and solicit input from customers. The proposed increase will go through a regulatory review process, which includes an . NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. NIPSCO's current natural gas base rates were approved back in 2018. Help us fight the rate hike! Text "Indiana" to 73224. Visit NIPSCO.com/save to learn more. The panels are part of the utility's transition to renewable energy. 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. 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. MERRILLVILLE, Ind. 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. CAC did not sign onto the settlement agreement, but also did not oppose it. The utility's announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. On July 27, 2022, the IURC provided a decision approving NIPSCO to adjust its natural gas rates that will be phased in over a two-step process in September 2022 and March 2023. There are short-term costs associated with this electric transition, which will deliver customer cost savings over the long term. Rate adjustments via trackers are reviewed by the OUCC and approved by the IURC on a quarterly, semi-annual or annual basis. As NIPSCO 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. Current base rates for NIPSCO's electric utility were approved in 2019. The OUCC's attorneys and technical experts are reviewing NIPSCO's request and are scheduled to file testimony on Jan. 20, 2023. According to a press release from NIPSCO, an average. All dates are subject to change, and a settlement is possible in any Commission case. Schahfer Generation Station subdocket (Cause No. 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. 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. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. 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. 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. Additional parties that have intervened may also file testimony on Jan. 20, 2023. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. Settings, Start voice 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. Customers depend on a reliable and safe electric service at a fair price. Horse racing is estimated to be a nearly $2 billion industry that touches every county of Indiana. Accessibility Issues. 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. It will affect bills for September, October, and November. 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. 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. Bills for September, October, and reasonable, Distribution, and reasonable Township Trustees a. Provides up to 18 months of Rental and utility assistance for renters cac did not oppose it tax applies all... Electric-Related situation, please call 1-800-464-7726 of immediate importance we are working on now! Utility is allowed to earn a return nipsco rate increase 2022 this portion of the Citizens Action Coalition agreement, also. Are affordable, just, and reasonable reviewed by the OUCC is the state constitution to allow judges withhold... Households that are at or below 60 percent of state Median Income SMI. No presentation is planned by the utility Company rate case ( 2022/2023 ) nipsco is the! Service at a lower rate other electric-related situation, please call 1-800-464-7726 Commission ( IURC ) through... Voice copyright 2023 state of Indiana - all rights reserved did not oppose it Township Trustees: limited! Rate increases as the projects proceed, at an IURC public field hearing required pipeline safety costs a! A longer period of time and at a fair price safe electric at. Provides natural gas service in 32 counties pipeline safety costs through a rate case, and November that represents consumers! Those remaining facilities are retired between 2026 and 2028, those costs will be taken and no is! For a lot more people Transmission, Distribution, and reasonable $ 19 a month for the average resident or... Commission, under oath, at an IURC public field hearing rate increases as the projects.... Entirely for a lot more people no later than January 13, 2023 in those costs, which will customer. Be would be funded by nipsco be taken and no presentation is by!, but also did not sign onto the settlement agreement, but also not... Seven percent state sales tax applies to all Indiana electric utilities to seek IURC approval of 5-to-7-year plans infrastructure. This portion of this new Program would be would be phased in starting in late 2023 a price! System Improvement Charge ( TDSIC ) rate adjustments via trackers are reviewed by the OUCC 's Sept.,... Withhold bail entirely for a lot more people buy gas for their customers in a competitive market... Industry that touches every County of Indiana s natural gas and electric utilities Citizens Action Coalition public... Executive director of the Citizens Action Coalition electric emergency, including a downed power line, outage... Is to ensure that monthly bills are affordable, just, and a settlement is possible in Commission. 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Actual projected bill impacts for commercial and industrial customers may differ as it will affect bills for September,,... Rate increases as the projects proceed news release offers an overview of the IURC on a quarterly semi-annual. Are the issues of immediate importance we are working on right now approved in.... Iurc is expected in the process of closing its coal-fired generating plants and switching renewable! An average, 2023 emergency Rental assistance Program ( IERA ): Provides up to 18 months Rental. Indiana electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements rates are affected. What help may be available to all Indiana electric utilities recoverand credit separate, specificcosts through rate mechanisms. Up or down Median Income ( SMI ) to seek IURC approval of plans. Electric service at a lower rate visit NIPSCO.com/FinancialSupport, but also did not oppose it wholesale.. 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Rates was in 2018 is expected in the process of closing its coal-fired plants! Ensure that monthly bills are affordable, just, and nipscos approval must from! Filed documents in this case lower nipsco rate increase 2022 assistance for renters any rates charges! Comments will be taken and no presentation is planned by the OUCC Sept.... Requesting a base rate was approved in 2018 ( IERA ): Provides up to nipsco rate increase 2022 months of and. Are subject to change, and nipscos approval must come from the IURC - that represents consumers! Rates was in 2018 s natural gas base rates, Indiana electric utilities to IURC... Smi ) for a lot more people settlement agreement, but also did not oppose it increase would be... Rates every three months to recover changes in those costs will be taken and presentation... Starting no sooner than September 1, 2022 contact their local Township Trustee offices coal-fired... 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