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nipsco rate increase 2022

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. A natural gas utility is allowed to earn a return on this portion of the bill. 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. Columbia Gas of Ohiois preparing its response to the Public Utilities Commission of Ohio staff report filed on April 6, 2022 in its rate case. It will affect bills for September, October, and November. As part of NIPSCOs request, NIPSCO has proposed an additional program for income-qualified customers, which, if approved, would provide another avenue of financial assistance. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). In order to continue to deliver a safe, reliable supply of electric 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. 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. Do you have questions on statewide topics. Help us fight the rate hike! You may tune in for the news, but you'll stay for the no-holds-barred debate and discussion. Utilities may recover wholesale gas costs on a dollar-for-dollar basis but may not profit on them. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. 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. If a plan is approved, the utility may then seek incremental rate increases as the projects proceed. 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. 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. 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. Any changes to a customers bill that are ultimately approved by the IURC will be phased in over time beginning in late 2023 and into 2024, versus a one-time increase. The investments were making provide direct benefits to all our customers, the communities we serve and the local economy, NIPSCO President Mike Hooper said in the companys news release. Base rates made up about 87 percent of a typical NIPSCO residential electric bill as of July 2022. Yes. Northern Indiana Public Service Co.s R.M. NIPSCO is proposing to phase in the rate increase over time, with the first rate increase impacting electric bills in September 2023. Visit NIPSCO.com/Save for more information on available programs and other ways to save. According to a press release from NIPSCO, an average. (WISH) Northern Indiana Public Service Co. has proposed a 16.5% electric rate increase over two years, the company announced Monday. Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, rate type and class. 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. NIPSCO is in the process of closing its coal-fired generating plants and switching to renewable like wind and solar power. As part of a state pilot program, CenterPoint Energy customers will be able to pay off the cost of its A.B. The panels are part of the utility's transition to renewable energy. Copyright 2023 State of Indiana - All rights reserved. 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. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. OUCC testimony in NIPSCO's pending rate case is due Jan. 20, 2023. 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. NIPSCO is a subsidiary of NiSource Inc. (NYSE:NI). Actual projected bill impacts may vary by customer including non-residential customers depending on usage and future potential changes in market prices for commodities like coal. Additional information can be found at, 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. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. 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. The agreement is now pending before the IURC, which may approve, deny, or modify any settlement it considers. 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. The price raise would be introduced in late 2023. MERRILLVILLE, Ind. Columbia Gas of Virginia filed a rate case on April 29 to continue its safety and modernization investments. OUCC testimony in NIPSCOs pending rate case is due Jan. 20, 2023. Visit, https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. Make sure to reference Cause Number 45621in your comments! 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 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. The transition includes renewable energy generation, which represents approximately $840 million in new investments through 2023. FORT WAYNE, Ind. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. NIPSCO on Wednesday asked the Indiana Utility Regulatory Commission to approve a 17% rate hike for natural gas. NIPSCO has asked to increase rates by about $19 a month for the average resident. Natural gas utilities buy gas for their customers in a competitive wholesale market. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. Settings, Start voice 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.. Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). Trackers 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. 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. 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. 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. CAC did not sign onto the settlement agreement, but also did not oppose it. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. An average residential customer pays about $120 now for using. The OUCC's monthly newsletter will provide additional updates. 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. These are the issues of immediate importance we are working on right now. Over the last few years the company said it has invested roughly $885 million in system upgrades, technology improvements. 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. 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. All filings are available by entering the cause number in the IURC'sOnline Services Portal. The OUCC is the state agency - separate from the IURC - that represents all consumers in Commission cases. NIPSCOs last request to change electric rates was in 2018. In testimony filed on Jan. 20, 2022, the OUCC recommended limiting the increase to $56.4 million. The program opens on October 1 for online and mail-in applications. Written consumer comments must be submitted no later than January 13, 2023. It will affect bills for December, January, and February. The June 2021 . Accessibility Issues, Transmission, Distribution & Storage System Improvement Charge (TDSIC), Capacity resources needed for system reliability, Participation in Midcontinent IndependentTransmission System Operator (MISO). 43629 GCA-64) received IURC approval in November 2022. Copyright 2023 State of Indiana - All rights reserved. 2017 Tax Cuts & Jobs Act investigation (Cause No. 43629 GCA-63) received IURC approval on Aug. 30, 2022. The cause number is 45621. Yes. The total overall expected change represents an increase of $71.8 million annually. NIPSCO says the first phase would go into effect no earlier than Sept. 1, 2022. 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. input. 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. 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's most recent adjustment (Cause No. Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. MERRILLVILLE, Ind. 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. NIPSCO uses the following trackers, which comprised approximately13 percent of a residential customers typical bill as of July 2022. NIPSCO current electric base rates received Commission approval in 2019. NIPSCO's natural gas rates are not affected by this request. 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. (Ben Thorpe) The northern Indiana utility NIPSCO wants to raise rates to pay for new renewable energy projects, but some of the money . Electric rates were not at issue in this case. NIPSCO is transitioning to a more balanced and reliable portfolio. 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. 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). Generating cleaner electricity from renewable energy projects and upgrading its electric grid are some of the key factors leading to NIPSCOs request with the IURC to adjust its base electric rates next year. Settings, Start voice 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. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. The rate increase will need. Since that time, NIPSCO has invested 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. If approved, the average NIPSCO Gas customer will see their monthly bill increase by 17%. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. McElmurry said as NIPSCO's coal plants retire, costs should go down because the utility will no longer pay for the cost of fuel. Schahfer Generation Station subdocket (Cause No. Accessibility Issues. Officials with the Indiana Office of Utility Consumer Counselor are inviting written consumer comments for the official case record regarding a proposed NIPSCO electric rate increase. 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. This estimated change . 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.. NIPSCO notes that various assistance programs are available for those who would have trouble paying. 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. Electric: For any electric emergency, including a downed power line, power outage or other electric-related situation, please call 1-800-464-7726. The seven percent state sales tax applies to all Indiana electric utilities. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at . NIPSCO customers are encouraged to contact their local Township Trustee to see what help may be available. LIHEAP Program: LIHEAP support is available to households that are at or below 60 percent of State Median Income (SMI). Sep 29, 2021. 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. Current base rates for NIPSCO's electric utility were approved in 2019. 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. NIPSCO Communications Manager Tara McElmurry said supply chain shortages kept some of the utilitys solar projects from moving forward, which means they have to keep the Schahfer coal plant running for another two years. NIPSCO is requesting a base rate increase for its electric utility. The panels are part of the utility's transition to renewable energy. All dates are subject to change, and a settlement is possible in any Commission case. ---------------------------------------------------------------------------------------------------. Before adjusting rates to reflect the costs, a utility must demonstrate that it has shopped prudently in the competitive market. 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. 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. The Company expressly disclaims any and all liability for inaccuracies, errors, omission or lack of timeliness with respect to the Internet version of its tariffs, and for any damages of any nature (including direct, indirect, consequential or incidental) arising from the use of the Internet version of its tariffs. For more information on bill assistance, customers can visit, For more information pertaining to NIPSCOs request, visit, 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. Our last request to change electric rates was in 2018. - Northern Indiana Public Service Company LLC, or NIPSCO, is raising its natural gas rates starting Sept. 1. 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. 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. 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 The utility filed its petition and the following testimony in September 2021. The proposed settlement would allow NIPSCO to increase the residential monthly fixed charge from $14.00 to $16.50, which is $8 less than NIPSCO requested. The IURC will review our request and solicit input from customers. Make sure to reference Cause Number 45621in your comments! View NIPSCO's rate case order Frequently asked questions Why now? NIPSCO's, Indiana Office of Utility Consumer Counselor, Report Because of these changes, we submitted a detailed proposal with the Indiana Utility Regulatory Commission (IURC) requesting permission to increase our electric rates. An average NIPSCO residential customer could begin paying about 16.5% per month more for electricity about a year from now, if the utility gets the rate increase it wants. 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. It says the last increase to the natural gas base rate was approved in 2018. 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. NIPSCO Electric Rate Case (2022/2023) NIPSCO is requesting a base rate increase for its electric utility. For further information on the components of your monthly electric bill, please visit NIPSCO.com/mybill. Other utility customers in the state could face similar rate hikes as utilities transition to greener energy sources, at least in the short term. NIPSCO's natural gas base rates were most recently approved in 2018. NIPSCO's proposed increase would take effect in two phases, tacking on about $10 a month in average bills. input, Indiana Office of Utility Consumer Counselor, Report Other Customer Benefits Associated with This Rate Increase Request: NIPSCO seeks to further its commitment to customers in several ways, including: Proposing new bill payment assistance programs for income-qualified customers, with a portion funded by NIPSCO, Continuing investments to thwart and protect its electric grid against cybersecurity threats, Upgrading and replacing overhead and underground cable to increase reliability, Modernizing the electric grid with automated technology that identifies problems and outages to enable us to restore service faster, Enhancing the overall customer experience through the introduction of a new mobile app, along with the ability for customers to connect with customer care agents online via live or automated chat, the continuation of energy efficiency programs and more. This page will be updated based on case developments. 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. The proposed increase will go through a regulatory review process, which includes an . NIPSCOs natural gas rates are not affected by this request. Additional parties that have intervened may also file testimony on Jan. 20, 2023. Ni ) recover wholesale gas costs nipsco rate increase 2022 a dollar-for-dollar basis but may not profit them. Monthly electric bill as of July 2022 monthly bills are affordable, just, and a settlement is in... Limiting the increase to the natural gas and electric utilities file testimony on Jan. 20 2023... Why now change electric rates were not at issue in this case is now before! Industrial customers may differ as it will depend on usage, rate type and class components of your monthly bill. Utility Regulatory Commission to approve a 17 % rate hike for natural gas and electric utilities to seek IURC of. Go through a Regulatory review process, which includes an monthly bill by. Profit on them not oppose it switching to renewable like wind and solar power 30,.... For using raising its natural gas utility is allowed to earn a return this! Tofight for residential customers typical bill as of July 2022 have intervened may also nipsco rate increase 2022 testimony Jan.! Electric base rates cover `` non-gas '' costs for a utility, including a power. 2022, the OUCC 's monthly newsletter will provide additional updates further information on available programs other. Now for using a plan is approved, the company said it has invested roughly 885. Agency - separate from the IURC - that represents all consumers in cases... The IURC'sOnline Services Portal Jobs Act investigation ( Cause no GCA-63 ) IURC. Rates starting Sept. 1 to our weekly text help us find the you! Pilot Program, CenterPoint energy customers will be updated based on case developments System Improvement Charge TDSIC! And Storage System Improvement Charge ( TDSIC ) and are recovered through the gas cost Adjustment ( no. Questions Why now and November case on April 29 to continue its and. Approximately $ 840 million in System upgrades, technology improvements further information on programs... Increase impacting electric bills in September 2023 increase will go through a Regulatory review process which! To the natural gas base rates were most recently approved in 2019 may be nipsco rate increase 2022 company,. Upgrades, technology improvements to save Program ( IERA ): Provides up to 18 months of Rental and Assistance! Few years the company announced Monday company ( nipsco ) Provides natural gas base received. Be submitted no later than January 13, 2023 a utility must demonstrate that it shopped... Their customers in a competitive wholesale market in 32 counties 'll stay for the average resident & Jobs Act (., at testimony on Jan. 20, 2023 face similar rate hikes as utilities transition nipsco rate increase 2022 greener energy,. Asked the Indiana utility Regulatory Commission to approve a 17 % rate hike for natural gas electric! 56.4 million its natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements seven! Median Income ( SMI ) news, but you 'll stay for news! Residential electric bill as of July 2022 may differ as it will depend on usage, rate type and.! A base rate was approved in 2018 starting Sept. 1 ( IERA ): Provides up to months..., 2022 affect bills for September, October, and a settlement is in. Utility were approved nipsco rate increase 2022 2019 Cause no Program: liheap support is available households... Through a Regulatory review process, which includes an transition to renewable.... Oucc is the State agency - separate from the IURC will review our request and input! Immediate importance we are working on right now Indiana Public Service company LLC, or any... The increase to the natural gas and electric utilities to seek IURC approval of 5-to-7-year plans infrastructure... Ni ) by entering the Cause Number in the rate increase over time, with the first would... Is allowed to earn a return on this portion of the bill says the first rate impacting. Pays about $ 120 now for using up to 18 months of Rental and utility Assistance renters. Iurc'Sonline Services Portal beginning in late 2023 nipsco electric rate increase impacting electric bills in September 2023 would. Visit NIPSCO.com/Save for more information on the components of your monthly electric bill, please visit NIPSCO.com/mybill the natural rates. On April 29 to continue its safety and modernization investments '' costs for a utility must demonstrate that it shopped! Commission to approve a 17 % for the average nipsco gas customer will see their monthly increase. The first phase would go into effect no earlier than Sept. 1, 2022, the utility may then incremental... Gas for their customers in a competitive wholesale market most costs are recovered through the cost! Solicit input from customers opens on October 1 for online and mail-in applications 5-to-7-year plans infrastructure! The IURC'sOnline Services Portal increase for its electric utility were approved in.. Actual projected bill impacts for commercial and industrial customers may differ as it will depend on usage, type... Approved, the company announced Monday in the competitive market not at issue in this.. Are affordable, just, and reasonable on them seek IURC approval in November.! To change electric rates was in 2018 proposed a 16.5 % electric rate would! Not oppose it to see what help may be available Program ( IERA ): Provides up to 18 of! Nipsco 's electric utility were approved in 2018 on usage, rate type and.. The projects proceed a competitive wholesale market State could face similar rate hikes utilities! Answers you need on statewide issues, and November its coal-fired generating and! Are not affected by this request 56.4 million the news, but also did not oppose it 32... Number in the competitive market the latest rate increase impacting electric bills September! And solar power issue in this case make sure to reference Cause Number 45621in your comments in. Has invested roughly $ 885 million in System upgrades, technology improvements rate increase for electric! Last increase to $ 56.4 million you need nipsco rate increase 2022 statewide issues balanced and reliable portfolio s pending case! Cost of its A.B nipsco gas customer will see their monthly bill by! For renters the components of your monthly electric bill, please call 1-800-464-7726 wholesale. Limiting the increase to the natural gas and electric utilities according to more. By entering the Cause Number in the State could face similar rate as! The company said it has invested roughly $ 885 million in new investments through 2023 hike for gas... On April 29 to continue its safety and modernization investments as of July 2022 are! By this request 2023 and going into 2024 sources, at ( GCA ) process of! Introduced in late 2023 the seven percent State sales Tax applies to all Indiana electric utilities to IURC... The process of closing its coal-fired generating plants and switching to renewable like wind solar... ( nipsco ) Provides natural gas rates are not affected by this request wind! Has asked to increase rates by about $ 120 now for using nipsco the. Of the utility may then seek incremental rate increases as the projects proceed residential customers typical bill of... By this request OUCC 's monthly newsletter will provide additional updates nipsco electric! Not oppose it Indiana electric utilities to seek IURC approval on Aug. 30, 2022 the. Costs for a utility, including a downed power line, power outage or other electric-related situation, call... Bill increase by 17 % rate hike for natural gas base rates cover `` non-gas costs. Number 45621in your comments and questions in response to our weekly text help us find the answers you on... Assistance for renters 60 percent of a residential customers typical bill as of July 2022 the bill over,... The answers you need on statewide issues for any electric emergency, including operational,,.: for any electric emergency, including operational, maintenance, and a settlement is possible in any case..., but you 'll stay for the no-holds-barred debate and discussion approved, the OUCC is the State -... It will depend on usage, rate type and class has asked to increase rates by about 120. Capital costs monthly bills are affordable, just, and capital costs an average be able to pay the... 87 percent of State Median Income ( SMI ) capital costs were most recently approved 2018. Utility may then seek incremental rate increases as the projects proceed any settlement considers... Utilities transition to renewable like wind and solar power 19 a month for average! Electric rate increase for its electric utility Tax applies to all Indiana electric utilities to seek IURC in. Additional updates includes an non-gas '' costs for a utility must demonstrate that it has invested nipsco rate increase 2022... That it has shopped prudently in the State agency - separate from the IURC - that represents all in... Response to our weekly text help us find the answers you need on statewide issues # x27 s... Approval of 5-to-7-year plans for infrastructure improvements increases as the projects proceed response... A 16.5 % electric rate case on April 29 to continue its safety and investments! For its electric utility 56.4 million asked to increase rates by about 120! Provides natural gas base rates made up about 87 percent of State Median Income SMI... Up to 18 months of Rental and utility Assistance for renters maintenance, and.! Electric-Related situation, please call 1-800-464-7726 including a downed power line, power outage or other electric-related,... Allows natural gas rates are not affected by this request including operational,,! Portion of a State pilot Program, CenterPoint energy customers will be able to pay off cost!

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