State regulators have approved Northern Indiana Public Service Co.'s seven-year, $1 billion capital improvement plan. The projects will include the replacement of hundreds of miles of electric lines and underground cable. The utility says there will be little to no effect on customer rates during the first few years of work. In all, rates will increase a total of about six percent by 2020.
A NIPSCO spokesperson tells Inside INdiana Business the work will begin “in the coming months.”
February 17, 2014
Statement From NIPSCO Chief Executive Officer Jim Stanley:
“Electricity powers our everyday lives and our future depends on having a safe, reliable and affordable source of energy. We're planning for the future today through smart investments and replacing critical parts of our electric system to help ensure a more modern system for homes and businesses across northern Indiana.”