MERRILLVILLE, IN — Northern Indiana Public Service Company has proposed a 16.5% electric rate increase over two years.
The NIPSCO rate increase announced Monday will need approval from state authorities.
NIPSCO provides electricity to 470,000 customers and natural gas to 830,000 customers across 32 counties in northern Indiana.
Projections from the company say the electric price increase would total $19 per month for a customer who now pays $120 per month. NIPSCO said the change would start by September 2023, with the remaining changes applied in March 2024 and July 2024.
The request comes two months after Merrillville-based NIPSCO received approval from the Indiana Utility Regulatory Commission to make the increase in a two-step process beginning in September. The utility said the average residential customer will see an expected overall increase of about $6 per month.
NIPSCO submitted it’s initial request for the gas rate increase in September 2021. The utility said at the time the additional revenue would be used to make infrastructure improvements, including replacing older gas lines.
(04-16-2024) Coldwater Man Critically Injures An Orland Man In Accident
(04-16-2024) Sturgis Man Being Held On Rape Charge
(04-15-2024) Bronson City Council To Discuss Recreational Marijuana, Again
(04-12-2024) LaGrange Co. Community Foundation Receives Matching Grant
(04-12-2024) LaGrange Man Arrested On Multiple Charges In Mongo
(04-12-2024) Two People Injured In Three Vehicle Crash In Bronson
(04-11-2024) Ford Recalls 43,000 SUV’s Due To Fuel Injector Leaks
(04-11-2024) County Council Agrees On $1M Engineering Project With NIPSCO
(04-11-2024) Insanity Plea Dismissed For Angola Man Facing Murder Charges
(04-10-2024) Trespassing Suspect Allegedly Attempts To Drown SCSD K9
(04-09-2024) LaGrange Co. Council Approves Road Project Funding Request
(04-09-2024) Two Weekend Crashes In Cass County’s Milton Township
(04-08-2024) Cameron Hospital Accepts $50,000 Donation from F&M Bank
(04-08-2024) Angola Man Arrested On Multiple Child Pornography Charges
(04-06-2024) Victim Identified In Alleged Auburn Murder Case
(04-06-2024) Auburn Man Killed In DeKalb County Crash
(04-05-2024) Angola Chambers 'Meet the Candidates' Recap
(04-05-2024) Sturgis Sexual Assault Suspect In Custody
(04-04-2024) Trine Hosting Voter Education Event
(04-04-2024) Trine Hosting Sexual Assault Awareness Informational Fair