NIPSCO Reaches Rate Increase Settlement

Posted: Updated:
The settlement still needs approval from the Indiana Utility Regulatory Commission. The settlement still needs approval from the Indiana Utility Regulatory Commission.

Merrillville-based Northern Indiana Public Service Co. and the Indiana Office of Utility Consumer Counselor have reached a settlement on a rate increase request. The agreement would limit the base rate increase to NIPSCO electric customers to half of the utility's original request.

The OUCC says the bate rate increase to residential customers will be limited to 5.4 percent, down from the 11 percent request in the original October 2015 request. That means the increase in the fixed monthly customer charge will increase from $11 to $14. Under the original proposal, the charge would have reached $20. The agency says commercial and industrial customers will also see smaller increases than the original proposal, with the change varying depending on usage.

NIPSCO Vice President Violet Sistovaris says the settlement "strikes the right balance" to keep its service affordable, reliable and environmentally sustainable. The utility says the additional revenue will allow for continued investments and service improvements, including a new LED streetlight conversion program for municipalities.

The settlement still needs approval from the Indiana Utility Regulatory Commission. Rate increases likely will not take effect until the second half of the year.

The proposed agreement is subject to Indiana Utility Regulatory Commission (IURC) review and approval, and new rates are not expected to take effect until the second half of 2016. You can find more information by clicking here.

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.



  • Most Popular Stories

    • (image courtesy of The Times of Northwest Indiana)

      Crews Start Demolition of Carson's in Hammond

      The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s. 

    • (image courtesy of The Times of Northwest Indiana)

      U.S. Steel Cuts Jobs, Low Price Imports Partially to Blame

      Pittsburgh-based U.S. Steel has announced it will idle its tin mill operations in East Chicago, affecting nearly 300 workers, half of which will lose their jobs. Our partners at The Times of Northwest Indiana report U.S. Steel blames the layoffs on the Del Monte food company which announced its own mass layoffs. 

    • Shaina Keck

      Pier 48 Manager Named

      FK Restaurant Group has named Shaina Keck sales and banquet manager for Pier 48 Fish House and Bar in downtown Indianapolis. She previously served in sales at Kilroy's Bar & Grill. Keck is a graduate of Indiana University Kelly School of Business with a bachelor of science degree in finance and accounting with a concentration in international studies.  
    • Lucy Schaich

      City of Bloomington Promotes Schaich

      The city of Bloomington has promoted Lucy Schaich to volunteer network coordinator, a program of the Community and Family Resources Department.  She served as assistant coordinator from 2000 until 2018, when she became the volunteer network’s interim director. Schaich is a graduate of Indiana University. 

    • Gas City Startup Helping Hemp Farmers

      Last month, it became legal for Hoosier farmers to grow hemp and a Gas City-based startup is being aggressive in being among the first to take advantage of market opportunities. Heartland Harvest Processing is helping farmers connect the new agricultural commodity to consumer products, including CBD. Founder and Chief Marketing Officer Chris Moorman says the first hemp harvest under the new law is expected to begin next month. In an interview with Business of Health...