Residential customers paying highest bills in Indiana targeted for large increase

FOR IMMEDIATE RELEASE: February 7, 2025

Contacts:

Ben Inskeep, CAC Program Director: (317) 735-7741, binskeep@citact.org 

Kerwin Olson, CAC Executive Director: (317) 735-7727, kolson@citact.org

INDIANAPOLIS – Even though NIPSCO’s residential customers pay the highest electric bills in Indiana, NIPSCO and other parties have proposed an unbalanced settlement agreement in NIPSCO’s pending rate case at the Indiana Utility Regulatory Commission that would target Hoosier families with larger rate increases so large and politically connected commercial and industrial customers can get smaller rate increases. NIPSCO’s residential customers cannot afford yet another exorbitant rate increase, and the Commission should deny the Settlement Agreement. 

Citizens Action Coalition (CAC) is particularly disappointed that the Settlement Agreement does not include approval of a ratepayer-backed Low-Income Program that would have provided sustainable funding for meaningfully reducing summer electric bills for qualifying customers or the lower-priced Multi-Family Rate option for residential customers, both of which were initially proposed by NIPSCO and strongly supported by CAC. CAC will vigorously oppose this unfair and unaffordable Settlement Agreement.

The notice of settlement filed on February 3rd (Joint Notice of Agreement in Principle and Request to Vacate Evidentiary Hearing Dates) and the settlement as filed today, February 7th (Stipulation and Settlement Agreement), are available at iurc.portal.in.gov/docketed-case-details/?id=72d4718a-1871-ef11-a670-001dd80bd98a

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