The Northern Indiana Public Service Company has made a request with the Indiana Utility Regulatory Commission to adjust its electric rates.
The request is primarily driven by investments in sustainable energy, infrastructure upgrades and safety improvements. Per NIPSCO’s planning process, making these investments now is more cost effective for customers over the long term.
The proposed increase will undergo a regulatory review process. The public will be given an opportunity to provide input.
“We are making progress on our electric generation transition that will provide direct benefits to the customers and communities we serve, now and well into the future,” said Vince Parisi, NIPSCO president and chief operating officer, in a press release.
Based on NIPSCO’s proposal, an average residential electric customer would see an overall increase of approximately $32 per month, or about 22% above projected bills. If approved, any changes to a customer’s bill will be phased in over time versus a one-time increase. New rates would begin by Sept. 1, 2025, with the remaining changes applied by March 2026.
Part of the request includes a proposal for a new bill payment assistance program for income-qualified customers and a new multifamily housing rate structure.
NIPSCO cannot change any rates or charges to its customers without the approval of the Indiana Utility Regulatory Commission. NIPSCO’s natural gas rates are not affected by this request.
Based in Merrillville, the Northern Indiana Public Service Company has served northern Indiana for over 100 years. NIPSCO serves about 859,000 natural gas and 500,000 electric customers across 32 counties. NIPSCO is a subsidiary of NiSource.
