IndianaNews

NIPSCO formally requests natural gas rate hike

NIPSCO has put in a request with the state’s utility regulation board to raise their natural gas rates.

The company is asking the Indiana Utility Regulatory commission to approve a 20% increase to the base rate, meaning the average residential customer that pays about $50 a month would see a $10 monthly increase. The utility would see an increase in revenue by more than $143-million.

NIPSCO executive Vice President Violet Sistovaris says the proposal seeks to hit “the right balance” of cost and service, and adds that NIPSCO would remain among the lowest-cost natural gas providers.

The proposal would be phased in over two steps, first in mid-2018 and then in early 2019, if approved. It has been more than 25 years since NIPSCO’s base natural gas rates have increased, and in 2010, a regulatory review led to a slight decrease.

Related posts

Indiana Association of Realtors sees solid start to year

95.3 MNC

Indiana RV manufacturers prepare for tariff issues

Network Indiana

BCHD reminding of sexual health services

95.3 MNC

Leave a Comment