By Ken Davidson
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.