NIPSCO, an electric utility, has been authorized to raise rates by around $23 a month, with a phase-in period from July to the first quarter of 2026. NIPSCO photo.
The Indiana Utility Regulatory Commission authorized MERRILLVILLE Northern Indiana Public Service Company LLC, also known as NIPSCO, to modify its electricity tariffs. The recently authorized tariffs will be implemented gradually starting in July and continuing through early 2026 to give customers time to adjust.
Phased in over several steps starting in July and ending in Q1 2026, the average household electric customer using 672 kilowatt-hours per month will see a rise of almost $23 per month, or 16.75%. This is less than the $32 monthly increase that was first suggested.
Depending on usage and prospective future changes in market prices, actual estimated bill impacts may differ for each client, including nonresidential consumers.
Vince Parisi, President and Chief Operating Officer of NIPSCO, stated, “We recognize that any bill increase is substantial, and we are committed to helping our customers through this transition with new assistance programs and ongoing improvements to service and reliability.”
The IURC’s ruling comes after a thorough review process that lasted almost a year and involved public feedback.
More than $2 billion in capital investments to shift NIPSCO’s electric generating to a more balanced generation portfolio are supported by the rate change, which should result in long-term cost savings and environmental advantages.
In order to increase dependability and shorten outage times, an additional $769.5 million will be used to finance infrastructure improvements, such as building new substations, replacing aging poles and lines, and updating the electric grid.
Investments made by NIPSCO have already increased system resilience and reduced power outage durations by 40%.
To reinforce the system, the business has treated over 300,000 wood poles and rebuilt more than 300 miles of deteriorating subterranean wire. them will also benefit from improved digital tools, energy-efficiency initiatives, and a pledge by NIPSCO to give them 100% of the money made from excess power sales.
