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  • Edición impresa de Agosto 2, 2016.

NEW NIPSCO ELECTRIC RATES

The Indiana Utility Regulatory Commission (IURC) has approved a collaborative agreement reached in February by NIPSCO, the Indiana Office of Utility Consumer Counselor (OUCC), NIPSCO’s industrial customers, a coalition of eight northern Indiana municipalities and the United Steelworkers, with no opposition from La Porte County, regarding new base rates for electric customers – the first such change since 2011.

NIPSCO has highlighted the need for updated electric rates to reflect the increase in costs to produce and distribute power to customers, and investments for continued service improvements.

Today’s decision approves an agreement that results in a bill adjustment that is approximately half

of NIPSCO’s original request last year, which will go into effect on NIPSCO’s October 2016 bills.

The newly approved rates would result in a $5.70 monthly increase, or approximately 6 percent, for a typical residential electric bill, based on a usage of 700 kWh a month.

The change for individual commercial and industrial customers will vary depending on their usage patterns, but on average, overall rates for commercial and smaller industrial customers would increase approximately 5 to 6 percent when compared with today’s rates.

On July 18, 2016, the Indiana Utility Regulatory Commission (IURC) approved a collaborative agreement reached in February by NIPSCO, the Indiana Office of Utility Consumer Counselor (OUCC), NIPSCO’s industrial customers, a coalition of eight northern Indiana municipalities and the United Steelworkers, with no opposition from La Porte County regarding new base rates for electric customers – the first such change since 2011.

2016 Electric Rate Case FAQ – Decision

1. How will bills be affected? Balancing the need for system improvements while limiting the bill impact on customers is essential.

The newly approved rates would result in a monthly increase of $5.70, or approximately 6 percent, for a typical residential electric bill, based on a usage of 700 kWh a month.

2. When will new rates go into effect? The new electric rates will go into effect beginning with October 2016 bills.

3. How will commercial and industrial customer bills be affected? Maintaining competitive rates for businesses while supporting job growth and the local economy is vital. Just as NIPSCO focuses on holding the line on costs for residential customers, it is important to maintain competitive electric rates for larger-usage customers as well.

The change for individual commercial and industrial customers will vary depending on their usage patterns, but on average, overall rates for commercial and smaller industrial customers would increase approximately 5 to 6 percent when compared with today’s bills – which is also less than the original proposal.

4 Does this request impact bills for natural gas customers? No.

 

 


 

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