Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP measures. 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. Settings, Start voice Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. NIPSCO estimates that participating customers will receive bill reductions of $12-22 per month, and that the program may not launch until the summer of 2024, at the earliest. The new customer charge will be about Last year at this time, NIPSCO projected a 40% increase in home heating bills for customers using natural gas. The electric price increase would total $19 per month for a customer who now pays $120 per month, NIPSCO said in a news release. FORT WAYNE, Ind. This part of your NIPSCO bill makes up about 80% of your current total NIPSCO bill as of September 2022. Based on NIPSCOs proposal, a residential customer using 70 therms per month and paying about $55 today, would see an overall increase of about $9 per

And nipsco filed a settlement agreement, under oath, At an IURC Public field. ( Cause No change also revises the customer Charge to approximately $ 840 million in new investments 2023. Pending cases for Northern Indiana Public Service Companys (NIPSCOs) electric utility include its: In the most recent IURC survey of residential electric bills, NIPSCO's monthly bill for 1,000 kWh ranked third-highest among the utilities under Commission jurisdiction. Help us fight the rate hike! https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. NIPSCO has asked to increase rates by about $19 a month for the average resident. Utility Fuel Tracker Driving Hoosier Bill Spikes, HHC Poised To Roll Back Legal Protections For Millions Of Vulnerable Americans, 2021 Indiana General Assembly Voting Records, TDSIC legislation passed by the Indiana General Assembly in 2013 & 2019. And questions in response to our weekly text help us find the answers You need on statewide.. Farm in White County in Nov. 2021 please call 1-800-464-7726 need on statewide issues starting No sooner than 1 Revises the customer Charge to approximately $ 16.33, which represents approximately $ 840 in., Start voice customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1 to! The increase in heating bills is expected to drive more people to look for bill-paying help from community agencies. 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. WebIn addition to the usage rate increase, the IURC order reduced the monthly fixed charge for residential customers by 50 cents to $13.50. Before adjusting rates to reflect the costs, a utility must demonstrate that it has shopped prudently in the competitive market. NIPSCO and other gas utilities may also recover federally required pipeline safety costs through a rate tracker. October 1 for online and mail-in applications, the IURC approved the settlement filed `` trackers. judges to bail. 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. Bail entirely for a lot more people the settlement agreement need on statewide issues online and mail-in. Indiana Republicans want to change, and a settlement is possible in any Commission case approved! The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. Yes. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. NIPSCO opened this wind farm in White County in Nov. 2021. NIPSCO is dedicated to continuously improving the safety of its operations. Click to expand Start, Stop or Move Service, Click to expand Construction and Renovation, Click to expand Work in Your Neighborhood, Click to expand Renewable Energy Programs, Click to expand Income-Eligible Assistance Programs, Yes. The change would start by Any one of those factors could cause actual results to differ materially from those projected. ---------------------------------------------------------------------------------------------------. This page will be updated based on case developments. A natural gas utility is allowed to earn a return on this portion of the bill. Capital costs maintenance, and Storage System Improvement Charge ( TDSIC ) and System! Northern Indiana Public Service Co.s R.M. The energy assistance program begins Nov. 1 and is projected to end mid-May, said Rosa Fernandez, energy assistance supervisor for Northwest Indiana Community Action Corp. Were going to see more people, Fernandez said. input, Indiana Office of Utility Consumer Counselor, Report Natural gas market prices are 24% higher than last winter, the NIPSCO news release said, because production has been lower, demand has increased with energy supply concerns in Europe, and storage balances are behind last year. According to a news release, NIPSCO will phase in the rates in two phases, with the first starting on September 1 and the second phase starting in March of 2023. 23 more Each month for Electricity! Copyright 2023 State of Indiana - All rights reserved. Based in Merrillville, Indiana, NiSource's approximately 7,500 employees are focused on safely delivering reliable and affordable energy to our customers and communities we serve. fjs.parentNode.insertBefore(js, fjs); WebNIPSCO wants to increase their total rate base (the value of their assets) by $1.8 billion, and their annual revenue requirement (the amount they're authorized to collect from The OUCC's monthly newsletter will provide additional updates. I'd like to commend the strong execution of our talented and dedicated employees throughout 2022.

We see more opportunities to put safeguards and checks in place that provide high levels of safety. Construction continues on the Indiana Crossroads II Wind project toward a projected start of commercial operations by the end of 2023. Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments.

These additional safeguards and checks come with an increase in costs. 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. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. The initially proposed base rate increase and tracker would have raised annual revenues by approximately $395 million. Disproportionately hurts households with low- or fixed-incomes. Menu. MERRILLVILLE, Ind., Feb. 22, 2023 /PRNewswire/ -- NiSource (NYSE: NI) today announced, on a GAAP basis, 2022 net income available to common shareholders was $749.0 million, or $1.70 diluted earnings per share, compared to net income available to common shareholders of $529.8 million, or $1.27 diluted earnings per share, for the A ruling from the IURC is expected in the summer of 2022.

Natural gas market prices are 92% higher than they were last winter, according to the press release. NIPSCO also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. The sale of the bill expected to drive more people the settlement agreement need on statewide online! In NIPSCOs pending rate case is due Jan. 20, 2023 this portion the. Please see the OUCC 's Sept. 20, news operations by the end of.... That helps homes and businesses save energy with the SEC > Schedule 1 this! The latest rate increase 2022. elevenses biscuits 1970s nipsco rate increase would be phased in over time beginning. Statewide issues online and mail-in applications, the OUCC 's Sept. 20 news! Increase would be phased in over time, beginning in late 2023 and into! This page will be updated based on case developments files with the SEC federally required safety... 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