NIPSCO Rate Information
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. Monday’s decision approves an agreement that results in a bill adjustment that is 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 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. Visit NIPSCO.com/rates for more information.
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