MERRILLVILLE — Base rates for NIPSCO‘s natural gas remain unchanged after the Indiana Utility Regulatory Commission (IURC) approved a settlement agreement to extend existing rates for all natural gas customers.

For nearly two years, NIPSCO’s natural gas rates have been the lowest in Indiana on average (Source: IURC Natural Gas Residential Bill Survey).   Besides the base rates for natural gas service, the cost of the natural gas commodity itself represents the largest portion of customer bills – on average, two-thirds of an overall bill. NIPSCO has no mark-up and makes no profit on the cost of natural gas billed to its customers.

In October, NIPSCO plans to release its forecast for winter heating bills which compares this coming winter to last winter.