Affordable energy for Indiana's future.
CUSTOMER BENEFITS FROM NEW ELECTRIC RATES
On December 21, 2011 the Indiana Utility Regulatory Commission (IURC) approved a collaborative settlement reached in July by NIPSCO, the Indiana Office of Utility Consumer Counselor (OUCC), NIPSCO’s industrial customers and a coalition of eight northern Indiana Municipalities regarding new rates for its more than 457,000 electric customers across northern Indiana.
The outcome eases the burden on residential customers while allowing us to continue investing in service, reliability and system improvements to support Indiana’s economic growth.
A Smaller Bill Increase
- Based on the IURC’s decision, average residential bills would increase by $3.33 per month, or 4.5 percent over what customers currently pay.
- This effective change is half of the request NIPSCO filed in 2010 and three times less than what was approved by the IURC in the company’s 2008 case but never applied to customer bills.
Improved Customer Service and Reliability
- These new rates will help us continue to improve customer service and make investments in system reliability and environmental technology – such as our recent $330 million purchase of the highly efficient Sugar Creek natural gas-fired power plant in West Terre Haute, Ind.
- We continue to expand our offering of programs designed to help customers save energy and manage their bill.
Competitive Commercial & Industrial Rates
- The impact on individual commercial and industrial customers will vary. Many factors determine commercial and industrial customers’ rates. On average, rates for commercial and industrial customers would increase approximately 4.8 to 11 percent per month compared with current bills.
- We also are offering more service options that commercial and industrial customers have asked for to help them manage energy costs, including:
- A custom incentive for commercial and industrial customers to invest projects involving the installation of new, high-efficiency equipment or systems to new or existing facilities
- An expanded voluntary interruptible service program for NIPSCO's largest industrial customers, which benefits all customers by meeting near-term and planned system energy needs, including periods of peak demand when market prices are high
Power for Northern Indiana’s Future
- To create jobs and grow our economy, northern Indiana needs modern, reliable, affordable energy.
- We expect our new rates to remain competitive nationally and with surrounding states.
- Northern Indiana is a great place to live and do business, and we are working to keep it that way.