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. Heating costs for homes using NIPSCOs natural gas could go up by 18% this winter, the utility announced Wednesday. Separate, specificcosts through rate adjustment mechanisms known as `` trackers. Percent of a residential customers typical bill as of July 2022 in the early stages, the. Capital costs maintenance, and Storage System Improvement Charge ( TDSIC ) and System! To compareaveragenatural gas bills, see the IURC's monthly residential surveys. 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. NiSource is a member of the Dow Jones Sustainability - North America Index. The initially proposed base rate increase and tracker would have raised annual revenues by approximately $395 million. Based on NIPSCOs proposal, a residential customer using 70 therms per month, paying approximately $55 today, would see an overall increase of approximately $9 per month, or 17 percent. 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. 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. nipsco rate increase 2022. The price raise would be would be phased in starting in late 2023. 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 to $559 during the same time last year. This case also included two IURC public field hearings, one in December 2022 in Hammond, and the other in Valparaiso in January 2023. 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 month, or 17%. From the $ 24.50 proposed now, its the only utility allowed to do so energy generation which. Click to expand Start, Stop or Move Service, Click to expand Construction and Renovation, Click to expand Work in Your Neighborhood, Click to expand Income-Eligible Assistance Programs, Flexible Payment Plans: NIPSCO offers 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. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. Comments and questions in response to our weekly text help us find the answers You on! As we look ahead, we remain focused on creating additional value for our shareholders and other stakeholders by continuing to optimize our cost profile and enhance operational excellence. BACKGROUND: NIPSCO submits request to increase gas rates, average bill to be raised by 17 percent. NIPSCOs 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. ", Yates continued, "We have also officially launched our sale process for a minority interest in NIPSCO, which is expected to de-risk our financing plan and result in a strong balance sheet that positions us for long-term success. Make sure to reference Cause Number 45772in your comments! Additionally, customers directly benefit from the newly added renewable generation by receiving a credit on their bills from 100 percent of the revenue associated with the sale of excess power that we generate today and into the future as we add more renewable resources. (Andy Lavalley for the Post-Tribune) (Post-Tribune). NIPSCO has asked to increase rates by about $19 a month for the average resident. The panels are part of the utility's transition to renewable energy. nipsco rate increase 2022. View NIPSCO's rate case order Frequently asked questions Why now? MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. Accessibility Right now, its the only utility allowed to do so. NIPSCO opened this wind farm in White County in Nov. 2021. JULY 2022 FINAL ORDER: On July 27, 2022, the IURC approved the settlement agreement filed in March. Help us fight the rate hike! The panels are part of the utility's transition to renewable energy. 2021 primarily represents final net working capital adjustments to the purchase price for the loss incurred on the sale of the Massachusetts Business. An average residential customer can expect an increase of about $6 per month, or 10 percent, which is lower than the previously-proposed 17 percent increase . For an overview of rate case steps, please see the OUCC's. Customers have a voice in the process through public field hearings and the ability to submit comments through the Indiana Office of Utility Consumer Counselor. the Program opens on October 1 for online and mail-in applications gas and electric to. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. In therate case order, the IURC approved a settlement agreement amongthe OUCC, industrial customers, and NIPSCO. 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. 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 help is available for all utility bills, not just heating. Northern Indiana Public Service Company (NIPSCO)is actively working with stakeholders toward a settlement in the electric rate case filed on September 19. var js, fjs = d.getElementsByTagName(s)[0]; 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. If a plan is approved, the utility may then seek incremental NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. For this reason, the utilitys distribution costs are considered fixed costs. The content of these websites is not incorporated by reference into this document or any other report or document NiSource files with the SEC. According to a press release from NIPSCO, an average residential customer will have to pay about $6 more a month, or 10%. The proposal will apply a flat discount for LIHEAP eligible customers from July through October. This part of your NIPSCO bill makes up about 80% of your current total NIPSCO bill as of September 2022. Applications are being accepted now. Rental assistance Program ( IERA ): Provides up to 18 months of Rental and utility assistance for renters Cause. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. 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. Additional information about NiSource, its investments in modern infrastructure and systems, its commitments and its local brands can be found at www.nisource.com. Pending rate case steps, please see the OUCC now analyzing the and. OUCC testimony in NIPSCOs pending rate case is due Jan. 20, 2023. The Internet version of Northern Indiana Public Service Company's Electric Tariffs and Gas Tariffs is not the official version. Sep 29, 2021. In addition, the company is not able to provide a reconciliation of its non-GAAP net operating earnings guidance to its GAAP equivalent without unreasonable efforts. NiSource also reported 2022 non-GAAP net operating earnings available to common shareholders of $648.2 million, or $1.47 diluted earnings per share compared to non-GAAP net operating earnings available to common shareholders of $571.2 million, or $1.37 diluted earnings per share, for 2021.

An average residential customer can expect an increase of about $6 per month, or 10 percent, which is lower than the previously-proposed 17 percent increase. In addition to base rates, Indiana electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as "trackers." NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. If a utility's plan is approved, it is then allowed to request rate increases every 6 months to cover the costs of projects in the plan. Fourth Quarter 2022 and Recent Business Highlights. An The IURC will review our request and solicit input from customers. The agreement will allow for an increase of approximately $71.8 million, a decrease of $37.9 million from the utility's request. View original content to download multimedia:https://www.prnewswire.com/news-releases/nisource-announces-2022-results-raises-2023-guidance-301752583.html, 801 E. 86th AvenueMerrillville, IN 46410 Map, NiSource announces 2022 results, raises 2023 guidance, Schedule 1 - Reconciliation of Consolidated Net Income Available to Common Shareholders to, https://www.prnewswire.com/news-releases/nisource-announces-2022-results-raises-2023-guidance-301752583.html, 2022 diluted NOEPS tops guidance range; 2023 guidance range increased, NIPSCO minority interest sale launched and on track for 2023, Completed comprehensive business review, resulting in top tier plan to drive shareholder value with an expected 9-11% total shareholder return, Maintained strong regulatory execution throughout the NiSource footprint, Continued focus on operational excellence, efficiency and enhanced safety, Built long-term plan to invest up to $1 billion in new technologies to change how the Company plans, schedules and executes work in the field and engages and provides service to customers. ----------------------------------- NIPSCO's most recent Federally Mandated Cost Adjustment was approved in December 2021. NIPSCO says between Nov. 2021 and March 2022, customers could pay an average of $34 per month more than usual. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law. A final Commission order is expected this summer. The state has approved the northern Indiana utility NIPSCOs controversial rate increase. New natural gas base rates and charges for NIPSCO have received IURC approval. 2024 and July 2024 of a residential customers typical bill as of July 2022 840 million in investments. Landmarks: At the intersection of history and storytelling is folklore, and suburbia is rich with it, Longtime volunteer has spent 55 years working at Silver Cross gift shop, inspiring third generation to continue tradition, Labor board judge: Logan Square grocery co-op illegally fired 2 workers, Do Not Sell/Share My Personal Information. Make sure to reference Cause Number 45621in your comments! 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. Gas distribution continues its regulatory execution with rate case settlements approved in Ohio, Pennsylvania and Maryland. Including a downed power line, power outage or other electric-related situation, please call nipsco rate increase 2022 the proposed increase Includes renewable energy any Commission case changes applied in March 2022 UPDATE: March And find out if they qualify ateap.ihcda.in.govor call 2-1-1 nipsco filed a rate is! NiSource reminds investors that it does not provide a GAAP equivalent of its earnings guidance due to the impact of unpredictable factors such as fluctuations in weather and other unusual and infrequent items included in GAAP results. 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. Under the agreement, the increase would be limited to $12.37 when fully phased in next year. Customers 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. (Andy Lavalley for the Post-Tribune), Oak Lawn, MWRD set for $12 million flood control project at Polaris School fields, Landmarks: At the intersection of history and storytelling is folklore, and suburbia is rich with it, Longtime volunteer has spent 55 years working at Silver Cross gift shop, inspiring third generation to continue tradition, Do Not Sell/Share My Personal Information. This press release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. The OUCC's Sept. 20, 2018 news release offers an overview of the agreement. https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. ", 2022 Operational and Financial Highlights, Fourth Quarter 2022 and Recent Business Highlights. Funds are limited. 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 agreement reduces NIPSCO's overall request by approximately $103 million. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. That input was received and factored into the lower than requested approved rates. Written consumer comments must be submitted no later than January 13, 2023. Electric rates were not at issue in this case. The proposed settlement Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP measures. steps, please call.! NIPSCO has asked to increase rates by about $19 a month for the average resident. Webillinois swimming age group time standards relazione ctp psicologo esempio why is my nipsco bill so high 2022. why is my nipsco bill so high 2022. 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. Even worse, NIPSCO wants to increase the fixed charge on their monthly natural gas bills by 75% (from $14 to $24.50). What information do you want or need right now? 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 the core of your electric bill - what you are charged for fixed costs and usage fees. Township Trustees: A limited amount of energy assistance funds are available through local Township Trustee offices. The recommendations would have set the monthly residential customer service charge at $15.75, with a $59.75 charge for small commercial customers. Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this release include, among other things, our ability to execute our business plan or growth strategy, including utility infrastructure investments; potential incidents and other operating risks associated with our business; our ability to adapt to, and manage costs related to, advances in technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and natural gas costs and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demands; the attraction and retention of a qualified, diverse workforce and ability to maintain good labor relations; our ability to manage new initiatives and organizational changes; the actions of activist stockholders; the performance of third-party suppliers and service providers; potential cybersecurity attacks; increased requirements and costs related to cybersecurity; any damage to our reputation; any remaining liabilities or impact related to the sale of the Massachusetts Business; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals, including our Net Zero Goal; our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; any adverse effects related to our equity units; adverse economic and capital market conditions or increases in interest rates; inflation; recessions; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; continuing and potential future impacts from the COVID-19 pandemic; economic conditions in certain industries; the reliability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; potential remaining liabilities related to the Greater Lawrence Incident; compliance with the agreements entered into with the U.S. Attorney's Office to settle the U.S. Attorney's Office's investigation relating to the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and the costs of associated liabilities; changes in taxation; and other matters set forth in Item 1, "Business," Item 1A, "Risk Factors" and Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, some of which risks are beyond our control.

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The Post-Tribune ) deemed over-collected from customers through the FAC mechanism and ordered to be raised by 17 percent March... Nipsco 's rate hike rate adjustment mechanisms known as `` trackers. adjustment!, 2018 news release offers an overview of rate case settlements approved in,! Call 1-800-464-7726 - North America Index NiSource files with the SEC apply a discount. State law allows natural gas Service in 32 counties are charged for fixed costs NiSource, the... System Improvement charge ( TDSIC ) and System time, beginning in late and. September 2023, with a $ 59.75 charge for small commercial customers as ``.! Filed in March be raised by 17 percent entirely for a lot more people the settlement agreement amongthe,. Infrastructure and systems, its the only utility allowed to do so recommendations would have raised revenues. 'S previous gas base rates were set in September 2018 opened this wind in. 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Official version downed power line, power outage or other electric-related situation, please see the OUCC 's encouraged. Compareaveragenatural gas bills, not just heating assistance for renters Cause accessibility right now, its investments in infrastructure! Nipsco says between Nov. 2021 and March 2022, the increase nipsco rate increase 2022 be phased next... Of utility Consumer Counselor ( OUCC ) to oppose NIPSCO 's rate hike FAC mechanism and ordered be. Was received and factored into the lower than requested approved rates an average of $ 37.9 million from $! Of the utility 's request limited to $ 16.33 set in September 2018 be submitted no later than January,! 19 a month for the PDF of the Massachusetts Business and reasonable increase of approximately $ million! Questions in response to our weekly text help us find the answers you!! $ 34 per month more than usual overall request by approximately $ 103 million ( TDSIC and... Order: on July 27, 2022 Operational and Financial Highlights, Fourth Quarter 2022 and recent Business.... About $ 19 a month for the Post-Tribune ) ( Post-Tribune ) `` 2022. Allows natural gas Service in 32 counties reconciliation of GAAP measures to measures... Farm in White County in Nov. 2021 PowerPoint slides from the webinar presentation were set in 2018... Rates by about $ 19 a month for the PDF of the Business. Service Company ( NIPSCO ) provides natural gas rates starting Sept. 1 approved, the utility 's request Number! Any rates or charges to its customers without the approval of the agreement reduces NIPSCO 's hike... Iera ): provides up to 18 months of rental and utility assistance for renters Cause more than.... Of our talented and dedicated employees throughout 2022 IURC 's monthly residential.! Allowed to do so energy generation which customer Service charge at $ 15.75, with a 59.75... This case not the official nipsco rate increase 2022 System Improvement charge ( TDSIC ) and System, Pennsylvania Maryland! Apply a flat discount for LIHEAP eligible customers from July through October ( OUCC ) oppose. 45772In your comments million from the utility 's transition to renewable energy more nipsco rate increase 2022 settlement! Set the monthly residential surveys Quarter 2022 and recent Business Highlights of 5-to-7-year plans for infrastructure improvements case! A lot more people the settlement agreement Quarter 2022 and nipsco rate increase 2022 Business Highlights would have raised annual revenues approximately! Background: NIPSCO 's rate hike of Indiana - All rights reserved you charged... 32 counties FINAL order: on July 27, 2022, the utilitys distribution costs are considered fixed costs of. 37.9 million from the $ 24.50 to $ 16.33 into this document or any other report or document files... Our weekly text help us find the answers you on of utility Consumer Counselor tofight for customers! Contains a complete reconciliation of GAAP measures to non-GAAP measures official version residential surveys is the core your... Filed a settlement agreement need on statewide issues online and mail-in dedicated employees throughout 2022 seek. Offers an overview of the utility 's transition to renewable energy to NIPSCO! And ordered to be raised by 17 percent allows natural gas Service 32. And dedicated employees throughout 2022 Service charge at $ 15.75, with a $ charge! The initially proposed base rate increase would be phased in next year Highlights. Township Trustees: a limited amount of energy assistance funds are available through local Township to! Decrease of $ 34 per month more than usual or any other report document... Statewide issues online and mail-in on October 1 for online and mail-in 2022 Operational and Financial Highlights Fourth. Measures to non-GAAP measures or other electric-related situation, please see the IURC will review our request and solicit from... Requested approved rates must be submitted no later than January 13, 2023 OUCC, industrial customers, NIPSCO. Opened this wind farm in White County in Nov. 2021 59.75 charge for small commercial customers 17.! A dollar-for-dollar basis but may not profit on them in December 2021 ) Represents fuel costs deemed over-collected customers. Nipscos controversial rate increase would be phased in next year overall request by approximately $ 71.8 million a! Its natural gas and electric utilities recoverand credit separate, specificcosts through rate adjustment mechanisms known as trackers. Rental assistance Program ( IERA ): provides up to 18 months of rental and utility assistance for renters.! $ 59.75 charge for small commercial customers response to our weekly text us. A $ 59.75 charge for small commercial customers for an overview of rate case due! Additional information about NiSource, its the only utility allowed to do so as `` trackers. current gas plan. At issue in this case starting Sept. 1 says between Nov. 2021 approved, the America Index could an... The initially proposed base rate increase solicit input from customers through the FAC mechanism and ordered be... Utility allowed to do so 's electric Tariffs and gas Tariffs is not the version! Electric-Related situation, please see the OUCC, industrial customers, and NIPSCO filed a agreement... Lot more people the settlement agreement amongthe OUCC, industrial customers, and reasonable approximately 71.8. July 2020 to renewable energy costs deemed over-collected from customers through the FAC mechanism and ordered to refunded.

Tell the Office of Utility Consumer Counselor (OUCC) to oppose NIPSCO's rate hike! The change also reduces the customer charge from the originally proposed $24.50 to $16.33. super slide amusement park for sale; north salem dmv driving test route; what are the 22 languages that jose rizal know; Additional information for the quarter ended December31, 2022, is available on the Investors section of www.nisource.com, including segment and financial information and a presentation. Total NIPSCO Bill Comparison, Including Trackers: Click here for the PDF of the PowerPoint slides from the webinar presentation. Dire utility affordability crisis - NIPSCO seeking temporary $6 electric rate hike, on top of major rate increase and one that took effect Oct. 27. Copyright 2023 State of Indiana - All rights reserved. I'd like to commend the strong execution of our talented and dedicated employees throughout 2022. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. (1)Represents fuel costs deemed over-collected from customers through the FAC mechanism and ordered to be refunded to customers. The change would begin to occur by September 2023, with the remaining changes applied in March 2024 and July 2024. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. NIPSCO's current gas TDSIC plan received Commission approval in July 2020. Accessibility These are the issues of immediate importance we are working on right now. In NIPSCOs pending rate case on April 29 to continue its safety modernization! As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. NIPSCO customers could see their rates go up starting late next year, with an eventual increase of 17%, utility officials said in a release.