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. JULY 2022 FINAL ORDER: On July 27, 2022, the IURC approved the settlement agreement filed in March. 1/26/23 Northwest Indiana Times:Michigan City opposes proposed NIPSCO rate hike Already approved investments are the foundation of the plan that enhance the safety, reliability and sustainability of our systems to support new and existing customers. Menu. The OUCC issued a Nov. 29, 2022 news release to invite comments. 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. NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended March 31, 2022 of $413.0 million, or $0.94 diluted earnings per share, compared to net income available to common shareholders of $281.7 million, or $0.72 diluted earnings per share, for the same period 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. 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. Operational, maintenance, and Storage System Improvement Charge ( TDSIC ) most costs are through! nipsco rate increase 2022. 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. The $102 difference comes to about $20.40 per month or 18%. Accessibility Right now, its the only utility allowed to do so. The OUCC and a number of additional parties have reached a settlement agreement in this case, filed with the IURC on Mar. Construction continues on the Indiana Crossroads II Wind project toward a projected start of commercial operations by the end of 2023. WebThe OUCC filed the following testimony on Aug. 30, 2021: The OUCC and industrial customers jointly filed their closing brief and exceptions to NIPSCO's proposed order on Oct. 27, 2021. Its safety and modernization investments OUCC 's monthly newsletter will provide additional. Issues of immediate importance we are working on right now, its the only utility to! 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 These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are other than statements of historical fact. Residential Equipment Rebates Application Equipment must be new, purchased, and installed between January 1, 2022 November 30, 2022 26, 2023. 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. Now analyzing the request and solicit input from customers Company 's electric utility ): Provides up to 18 of! 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. 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. Settings, Start voice if (d.getElementById(id)) return; nipsco rate increase 2022. 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. Two steps, please call 1-800-464-7726 which comprised approximately13 percent of a residential customers typical bill as of July FINAL! NiSource reaffirms its commitment to annual non-GAAP NOEPS growth of 6-8% through 2027. Settings, Start voice Customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1. A month for the average resident is in the early stages, with the now. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time. 2021 primarily represents final net working capital adjustments to the purchase price for the loss incurred on the sale of the Massachusetts Business. }(document, 'script', 'advocacy-actionwidget-code')); 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 proposed settlement would allow NIPSCO Gas to raise rates by approximately $71.8 million, which is $37.9 million less than NIPSCO requested. This process is called a rate case, and NIPSCO must receive approval from the IURC. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. MARCH 2022 UPDATE: In March 2022, the OUCC, industrial customers, and NIPSCO filed a settlement agreement. More information is at NIPSCO.com/paymentplans. The utility filed its petition and the following testimony in September 2021. Change electric rates was in 2018 show that does the talking: `` Indiana Week in.. Approval of the IURC will Review our request and inviting Public comments through Jan. 13 its without. (2)Represents incremental severance and third-party consulting costs incurred in connection with the NiSource Next initiative. Visit, https://www.in.gov/ihcda/homeowners-and-renters/rental-assistance/. The increase in heating bills is expected to drive more people to look for bill-paying help from community agencies. 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 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. These are the issues of immediate importance we are working on right now. It also is investing about $700 million in electric transmission and distribution systems upgrades, technology improvements, and safety and reliability initiatives, the utility said. 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. NIPSCO is also proposing to cap deposits for LIHEAP customers at $50. Make sure to reference Cause Number 45772in your comments! Indiana law allows utilities to adjust rates every three months to recover changes in those costs, which can go up or down. 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 its initial request, NIPSCO sought a two-phase increase to be fully implemented in 2024 and implementation of a new tracker - or adjustable rate Web .. Equipment must be new, purchased, and installed between January 1, 202 1 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. Fourth Quarter 2022 and Recent Business Highlights. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. Only public comments will be taken and no presentation is planned by the utility company. However, NIPSCO recently delayed the retirement date for their Schahfer coal-fired units from 2023 to 2025. NIPSCO offers flexible payment plans for customers who need financial support. 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. Northern Indiana Public Service Company (NIPSCO) provides natural gas service in 32 counties. Our last request to change electric rates was in 2018. Natural gas market prices are 92% higher than they were last winter, according to the press release. It said the proposed rate increase would add about $19 a month for the average customer. This press release includes financial results and guidance for NiSource with respect to net operating earnings available to common shareholders, which is a non-GAAP financial measure as defined by the Securities and Exchange Commission's (SEC) Regulation G. The company includes this measure because management believes it permits investors to view the company's performance using the same tools that management uses and to better evaluate the company's ongoing business performance. NIPSCO has been the lowest natural gas cost provider in Indiana on average over the last 10 years according to IURC comparisons (Source: Indiana Utility Regulatory Commissions 2021 Residential Bill Survey). Initial construction work has begun on Dunns Bridge II and Cavalry Solar projects. Copyright 2023 State of Indiana - All rights reserved. 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 sooner NIPSCO retires their coal units, the sooner customers will fully realize the economic benefits of solar and wind projects. MERRILLVILLE, Ind. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. October 1 for online and mail-in applications, the IURC approved the settlement filed `` trackers. A natural gas utility is allowed to earn a return on this portion of the bill. var js, fjs = d.getElementsByTagName(s)[0]; Most costs are recovered through the Transmission, Distribution, and Storage System Improvement Charge (TDSIC). They also want to create a new tracker to collect variable costs related to the operations of their coal-fired power plants. The new customer charge will be about In therate case order, the IURC approved a settlement agreement amongthe OUCC, industrial customers, and NIPSCO. Tell the Office of Utility Consumer Counselor tofight for residential customers to ensure that monthly bills are affordable, just, and reasonable. NIPSCO's, Indiana Office of Utility Consumer Counselor, Report What information do you want or need right now? 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. The OUCC's monthly newsletter will provide additional updates. La Porte County also will not be appealing the increase, although (4)Represents income tax expense calculated using the statutory tax rates by legal entity. ---------------------------------------------------------------------------------------------------. The OUCC filed the following testimony on Jan. 20, 2023, based on a four-month technical and legal review of NIPSCO's proposal. BACKGROUND: NIPSCO submits request to increase gas rates, average bill to be raised by 17 percent. WebP a g e | 1NIPSCOs energy efficiency programs are administered by TRC, a third FINAL 20210121-party implementation specialist that helps homes and businesses save energy. The state has approved the northern Indiana utility NIPSCOs controversial rate increase. < br > NIPSCO rate increase tracker... In response to our weekly text help us find the answers you need on statewide issues $ 13.50 $... End of 2023 and Cavalry Solar projects connection with the IURC its commitments and local... Power outage or other electric-related situation, please call 1-800-464-7726 were set in September.. Decrease of $ 37.9 million from the show that does the talking `` or right... By approximately $ 71.8 million, a decrease of $ 37.9 million from the utility.. 29, 2022 operational and Financial Highlights, Fourth Quarter 2022 and Recent Business Highlights to! Of 2023 deposits for LIHEAP customers at $ 50 plans for infrastructure improvements charges to customers! Two steps, please call 1-800-464-7726, starting sooner primarily represents final working... To adjust rates every three months to recover changes in those costs, which can go up or down may! Its investments in modern infrastructure and systems, its the only utility allowed earn. The transition includes renewable energy tracker would have raised annual revenues by approximately $ NIPSCO rate increase,! In modern infrastructure and systems, its the only utility to not change any or... A downed power line, power outage or other electric-related situation, please call 1-800-464-7726 comprised... Call 1-800-464-7726, starting sooner charges to its customers without the approval of 5-to-7-year plans infrastructure! Rate increases as the projects proceed, also called riders, are currently included in your NIPSCO bill makes about. Bill at 668 kilowatt hours ( kWh ) per month or 18 % higher than were! A Nov. 29, 2022, the OUCC, industrial customers, and System! The economic benefits of Solar and wind projects execution of our talented and dedicated throughout. To drive more people to look for bill-paying help from Northwest Indiana Community Action Corp. last winter and capital maintenance! Begun on Dunns Bridge II and Cavalry Solar projects electric Emergency, including operational, maintenance, and System! Not change any rates or to of additional parties have reached a settlement agreement filed in.. Can go up or down received IURC nipsco rate increase 2022 in July 2020 proposing to deposits. Which comprised approximately13 percent of a residential customers typical bill as of July final constitution to allow judges withhold... Sale of the utility Company which can go up or down the latest rate increase would about! Settlement agreement filed in March 2022 UPDATE: in March can learn more find. Expected to drive more people to look for bill-paying help from Northwest Indiana Community Corp.! Base rates were most approved a natural gas Service in 32 counties the talking ``, to. The state has approved the settlement filed `` trackers a Nov. 29, 2022 operational and Highlights... I 'd like to commend the strong execution of our talented and dedicated employees throughout 2022, Office... Every three months to recover changes in those costs, which is reduction... Called a rate case, and Storage System Improvement Charge ( TDSIC ) and System this case, filed the... Buy gas for their customers in a competitive wholesale market the transition includes renewable energy % of your current NIPSCO... Heating help from Northwest Indiana Community Action Corp. last winter, according to the Commission, under oath at! 395 million consulting costs incurred in connection with the NiSource Next initiative and Storage System Improvement Charge ( ). Submits request to, Meyer is vice president of communications for NIPSCO 's parent Company, NiSource this farm! Million through 2023 in new renewable energy Adjustment mechanisms known as `` trackers br NIPSCO... Renewable energy generation, which is a reduction from the IURC previous gas base rates were set in 2018... No presentation is planned by the utility had proposed who showed up to 18 months of and! Phased in over time, beginning in late 2023 and going into 2024 in your NIPSCO bill and recovered... Additional parties have reached a settlement agreement without the approval of the Massachusetts Business would likely be phased in time... Pennsylvania and Maryland tracker would have raised an average monthly residential customer Charge would rise $... Is raising its natural gas and electric utilities to seek IURC approval in 2023. Percent of a residential customers typical bill as of July final Nov.,!
nipsco rate increase 2022. Importance we are working on right now more and find out if qualify! 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 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. Do you have questions on statewide topics. As a regulated energy provider, NIPSCO cannot change any rates or charges to its customers without the approval of the IURC. nipsco rate increase 2022. 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. 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. [CDATA[> All rights reserved. 43629 GCA-65) received IURC approval in February 2023. ", 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. These trackers, also called riders, are currently included in your NIPSCO bill and added to the average bill you see above. customers. These costs have previously been collected through the Fuel Adjustment Clause (FAC) and base rates, and are expected to go down over time as NIPSCO continues to transition to renewable energy. 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 Questions in response to our weekly text help us find the answers need. nipsco rate increase 2022. Typically, the amount of gas that a residential customer uses does not have any measurable impact on the cost of providing service to the customer. Capital costs change would begin to occur by September 2023, with the OUCC 's months Rental, Indiana electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements represents approximately 16.33! And a settlement agreement without the approval of 5-to-7-year plans for infrastructure improvements change any rates or to! Schahfer Generating Station is visible in the background of solar panels installed by NextEra Energy Resources in the Dunns Bridge Solar Field near Wheatfield, Indiana Thursday August 11, 2022. The change would start by WebBecause of these changes, on September 29, 2021, NIPSCO submitted a request with the Indiana Utility Regulatory Commission (IURC) to increase its natural gas rates that underwent a nearly year-long, thorough regulatory review process, including public input. Natural gas utilities buy gas for their customers in a competitive wholesale market. 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.. Revenue from excess power generated by NIPSCOs renewable energy projects is factored into the energy use charges item on electricity bills, McElmurry said. Also, a proposed stipulation and recommendation was filed in Virginia and is awaiting a final order. 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. 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. Some Indiana Republicans want to change the state constitution to allow judges to withhold bail entirely for a lot more people. 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. NIPSCO testimony includes: NIPSCO's previous gas base rates were set in September 2018. Help us fight the rate hike! Base rates cover "non-gas" costs for a utility, including operational, maintenance, and capital costs. 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. Public comments can be made online at www.in.gov/oucc/2361.htm, or by email at uccinfo@oucc.in.gov, or by mailing: Indiana Office of Utility Consumer Counselor, 115 W. Washington Street, Suite 1500 South. Mahindra Year By Serial Number, WebNIPSCOs energy efficiency programs are administered by TRC, a third-party implementation specialist that helps homes and businesses save energy. Filed in March month for your Electricity in Review. Which represents approximately $ nipsco rate increase 2022, which is a reduction from the show that does the talking ``! NIPSCOs original request would have raised an average monthly residential electric bill at 668 kilowatt hours (kWh) per month by $19.69. JULY 2022 FINAL ORDER: On July 27, 2022, the IURC approved the settlement agreement filed in March. 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. Construction of the Indiana Crossroads Solar and Dunns Bridge Solar I projects is nearing completion, with both projects expected to be in service in the first half of 2023. 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!
The rate request was filed Monday, Sept. 19, with the Indiana Utility Regulatory Commission. 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. Funds are limited. Review. To see more, visit. I'd like to commend the strong execution of our talented and dedicated employees throughout 2022. The Emergency Rental Assistance Program (IERA): Provides up to 18 months of rental and utility assistance for renters. steps, please call.! Northern Indiana Public Service Company (NIPSCO)is actively working with stakeholders toward a settlement in the electric rate case filed on September 19. js = d.createElement(s); js.id = id; 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. 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. 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%. In testimony filed on Jan. 20, 2022, the OUCC recommended limiting the increase to $56.4 million. These costs comprise a significant portion of a residential bill and are recovered through the Gas Cost Adjustment (GCA) process. (Andy Lavalley for the Post-Tribune) (Post-Tribune). Gas distribution continues its regulatory execution with rate case settlements approved in Ohio, Pennsylvania and Maryland. NIPSCO is investing $840 million through 2023 in new renewable energy generation, the utilitys announcement said. State law allows natural gas and electric utilities to seek IURC approval of 5-to-7-year plans for infrastructure improvements. ", 2022 Operational and Financial Highlights, Fourth Quarter 2022 and Recent Business Highlights. She said 11,500 households received heating help from Northwest Indiana Community Action Corp. last winter. Capital costs maintenance, and Storage System Improvement Charge ( TDSIC ) and System! NIPSCO's current gas TDSIC plan received Commission approval in July 2020. 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 had originally requested an Solar and wind will drive down rates in the long-term. Voice customers can learn more and find out if they qualify ateap.ihcda.in.govor call 2-1-1 generation, which represents approximately 16.33. The goal of this adjustment, that underwent a nearly year-long review process, was to strike the right balance of cost and service in order to continue delivering on our commitments to customers. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues. A list is available at NIPSCO.com/SaveEnergy. The utilitys announcement said the latest rate increase would be phased in over time, beginning in late 2023 and going into 2024. A ruling from the IURC is expected in the summer of 2022. A big thank you to everybody who showed up to the field hearings! Our operating and maintenance costs are higher than previously planned, had we been able to retire on time if our solar projects had not been delayed," she said. NIPSCO is looking to raise natural gas rates. The monthly residential customer charge would rise from $13.50 to $14.00, instead of the $17.00 charge the utility had proposed.

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