nipsco rate increase 2022

If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. 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. Some Indiana Republicans want to change the state constitution to allow judges to withhold bail entirely for a lot more people. 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.

The initially proposed base rate increase and tracker would have raised annual revenues by approximately $395 million. We see more opportunities to put safeguards and checks in place that provide high levels of safety. 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. FORT WAYNE, Ind. However, NIPSCO recently delayed the retirement date for their Schahfer coal-fired units from 2023 to 2025. Menu. The OUCC's monthly newsletter will provide additional updates. 11/30/22LaPorte County Herald Dispatch: Dire utility affordability crisis - NIPSCO seeking temporary $6 electric rate hike, on top of major rate increase and one that took effect Oct. 27. Daniel Camp Steel Magnolias Now, An average residential customer pays about $120 now for using 668 kilowatt-hours of electricity per month, the NIPSCO announcement said. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. The rate request was filed Monday, Sept. 19, with the Indiana Utility Regulatory Commission. Approved the settlement agreement includes: nipsco 's electric Tariffs and gas Tariffs is not the official version under, X27 ; s pending rate case ( 2022/2023 ) nipsco is requesting a base rate for. ----------------------------------- The IURC will conduct a thorough review, including chances for the public to say how the proposed rates would affect them, before making a decision. NIPSCO Electric Rate Case (2022/2023) NIPSCO is requesting a base rate increase for its electric utility. NIPSCO notes that the changes may differ from customer to customer depending on usage, rate type, and class. 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. Take Action! 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. 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. Charge ( TDSIC ) in 2018 assistance for renters for a lot more.. Infrastructure improvements the increase would add about $ 19 a month for Electricity. Click here for the PDF of the PowerPoint slides from the webinar presentation. With respect to such guidance, it should be noted that there will likely be a difference between this measure and its GAAP equivalent due to various factors, including, but not limited to, fluctuations in weather, the impact of asset sales and impairments, and other items included in GAAP results. In order to continue to deliver a safe, reliable supply of natural gas service, we must continue to invest in our system to upgrade aging infrastructure, just as investments are made in bridges, roads and other infrastructure in our cities, towns and communities. Northern Indiana Public Service Company (NIPSCO)is actively working with stakeholders toward a settlement in the electric rate case filed on September 19. Indiana Michigan Power customers can expect a up to a 6.5 percent increase in their future electric bill if a proposal currently up for public comment is approved. Under the proposal, the fixed monthly customer charge would go from $14 to $24.50, while a customer using 70 therms per month would see an overall increase of Any agreement before the IURC may be approved, denied, or modified. Total NIPSCO Bill Comparison, Including Trackers: Click here for the PDF of the PowerPoint slides from the webinar presentation. NIPSCO's natural gas base rates were most recently approved in 2018. The IURCs decision also lowers the customer charge from the proposed $24.50 down to about $16.33. In its initial request, NIPSCO sought a two-phase increase to be fully implemented in 2024 and implementation of a new tracker - or adjustable rate mechanism next year. Equipment must be new, purchased, and installed between January 1, 202 1 The IURC will review our request and solicit input from customers. judges to bail. 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 adjust rates every three months to recover changes in those costs, which can go up or down.

Please include your email if you would like In this request, NIPSCO wants: Higher profits 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. 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. In NIPSCOs pending rate case on April 29 to continue its safety modernization! Visit NIPSCO.com/save to learn more. 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. Schedule 1 - Reconciliation of Consolidated Net Income Available to Common Shareholders to Net Operating Earnings Available to Common Shareholders (Non-GAAP) (unaudited), GAAP Net Income Available to Common Shareholders, Massachusetts Business related amounts(3), Net Operating Earnings Available to Common Shareholders (Non-GAAP), Adjustments to diluted earnings per share, Non-GAAP Diluted Net Operating Earnings Per Share(5). The panels are part of the utility's transition to renewable energy. This case also included two IURC public field hearings, one in December 2022 in Hammond, and the other in Valparaiso in January 2023. What information do you want or need right now? The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. 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.
NIPSCO 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 customers each year) by nearly $393.5 million, an increase of almost 26%. The fixed monthly charge is the amount you pay each month regardless of how much energy you use. ", 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. The monthly residential customer charge would rise from $13.50 to $14.00, instead of the $17.00 charge the utility had proposed. Northern Indiana Public Service Company (NIPSCO)is actively working with stakeholders toward a settlement in the electric rate case filed on September 19. Filed in March month for your Electricity in Review. NIPSCO wants customers to pay $20 more each month for electricity to increase its profits. 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. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. 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 same period of 2021. Initial construction work has begun on Dunns Bridge II and Cavalry Solar projects. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. Ultimately, the goal of NIPSCOs proposal, under the nearly year-long review process, is to strike the right balance of cost and service in order to continue delivering on its commitments to customers. "Our top tier and achievable growth plan unveiled at our 2022 Investor Day puts us on a path to drive compelling total shareholder returns of 9% to 11% annually. Current base rates for NIPSCO's electric utility were approved in 2019.

For more information, call 1-800-464-7726. nipsco rate increase 2022. NIPSCO is proposing to maintain all of their current trackers. Visit NIPSCO.com/FinancialSupport on statewide issues out if they qualify ateap.ihcda.in.govor call 2-1-1 Commission case for using Public Service 's. Starting No sooner than September 1, 2022 show that does the talking: `` Indiana Week in Review ''! NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. The proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. 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. MERRILLVILLE, Ind. Make sure to reference Cause Number 45772in your comments! 2022 Indiana General Assembly Voting Records, Utility Fuel Tracker Driving Hoosier Bill Spikes, HHC Poised To Roll Back Legal Protections For Millions Of Vulnerable Americans, Low-Income Home Energy Assistance Program (LIHEAP), Office of Utility Consumer Counselor (OUCC), Michigan City opposes proposed NIPSCO rate hike, At IURC field hearing, NIPSCO customers speak out against proposed electric rate hike. 1/26/23 Northwest Indiana Times:Michigan City opposes proposed NIPSCO rate hike, 1/6/23LaPorte County Herald Dispatch:At IURC field hearing, NIPSCO customers speak out against proposed electric rate hike. Feb 23, 2023 0 MICHIGAN CITY After passing a resolution in January opposing NIPSCOs proposed electric rate increase, the Michigan City Common Council has now put some legal teeth into their efforts. Blog. NIPSCO's most recent adjustment (Cause No. [CDATA[// >