NIPSCO $1B Rate Hike Comments Due Friday 10/11

9 Oct

By Ken Davidson

 

Nipsco rate increase

NIPSCO is seeking a $1.07 Billion rate increase

Speak up by Friday October 11 or pay up for the next 7 years.  The Indiana Office of Utility Consumer Counselor is seeking input on a proposed $1.07 billion rate hike by NIPSC.  Commenting is easy and can be done online via the Office of Utility Consumer Counselor.   Comments via US Mail were due by October 4, 2013.   NIPSCO is seeking approval to bill customers for $1.07B in infrastructure improvements over 7 years.  As explained by the Utility Counselor, NIPSC is seeking increases every 6 months for the next 7 years:

In IURC Cause No. 44371, NIPSCO is seeking establishment of the methodology for calculating rate recovery for future costs.

  • The total cost for capital improvement projects in the seven-year plan is approximately $1.07 billion.
  • According to NIPSCO’s testimony, annual rate increases through the TDSIC mechanism would average 0.9 percent each year over the seven-year term.
  • The first increase of 0.4 percent would take effect in 2015.
  • Increases would grow each year, reaching 1.7 percent in 2020.

Consumers will NOT have a chance to comment on these rate increases after October 11, 2013 and, if approved, future increases will be subject only to compliance with the tariff.

 

 

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3 Responses to “NIPSCO $1B Rate Hike Comments Due Friday 10/11”

  1. Anonymous October 9, 2013 at 5:52 pm #

    Total bullsh$% (comment edited for profanity, not content)

  2. Dave Hein via Facebook October 13, 2013 at 5:50 pm #

    Ken, your comment “Speak up or pay up for the next 7 years” is completely detached from reality. NIPSCO is seeking a rate increase for capital improvements to it’s distribution system system. The rate increase to improve the reliability and efficiency of the system is less that 1 percent per year. Reliable utilities are essential for economic growth in NWI and making capital improvements to that system benefits all of us.

    • ken October 13, 2013 at 10:27 pm #

      That is the issue, isn’t it Dave? If NIPSCO can afford to pay Carrie Hightman $1.4M per year to work for the airport for free, I think senior citizens who are struggling to keep their homes at 68 degrees in the winter should speak up. Maybe we differ on that.

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