Thursday, September 19, 2024

NIPSCO proposes new electric rates to support sustainable energy, infrastructure, and safety investments

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FORT WAYNE, Ind. (WPTA) – The Northern Indiana Public Service Company, LLC. (NIPSCO) shares it has made a request with the Indiana Utility Regulatory Commission (IURC) to adjust its electric rates to support its sustainable energy, infrastructure, and safety investments.

NIPSCO says while the proposed increase was filed with the IURC Thursday, there will be a regulatory review process that includes both private and public input.

According to NIPSCO, if the proposed increase in its electric rates is approved by the IURC, changes to customers’ bills would be implemented in two phases, one on September 1, 2025 and one on March 1, 2026.

Based on NIPSCO’s proposal, an average residential electric customer would experience an overall 22% increase ($32 per month) in their bills from the implementation to the final phase.

NIPSCO notes its natural gas rates are not affected by this request.

RELATED: Newly approved NIPSCO gas rates to take effect beginning in August

To learn more about NIPSCO’s electric rates, visit NIPSCO.com/2025electricrates.

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