NIPSCO: Enough is Enough! Stop the Rate Hikes!
At a time when everybody is being asked to do more with less, utility profits are soaring and now NIPSCO wants you to pay even more!
UPDATE (5/15/14): In March 2014, the Office of Utility Consumer Counselor (OUCC) asked the Indiana Utility Regulatory Commission (IURC) to reconsider their February 17 decision to raise electric rates 6% by 2020 to pay for electric system improvements, alleging that it will result in customers paying for equipment that is no longer in use while also paying for the new equipment that replaces it.
This case was the first filed under Senate Bill 560, which allows utilities to use trackers (surcharges) on customer bills to pay for electric system improvements that should already be a part of utilities’ base operating costs.
We will be following this closely and post any further developments.
2011: NIPSCO Electric received a 4.5% rate increase from the Indiana Utility Regulatory Commission (IURC).
2012: NIPSCO Electric received approval from the IURC to raise rates approximately $800 million in order to bring their coal-fired power plants into compliance with standards for acid rain emissions.
2013: NIPSCO Electric received approval from the IURC to raise rates another $59 million to come into compliance with new mercury regulations.
Now: NIPSCO Electric is requesting another rate increase of over $1 billion, and NIPSCO Gas is asking for a rate increase of $713 million!
This is all happening at a time when NiSource, NIPSCO’s parent company, is continuing to realize massive profits - NiSource 2012 profits exceeded 2011 profits by $59 million. At a time when everybody is being asked to do more with less, utility profits are soaring and now NIPSCO wants you to pay even more!
Enough is enough! Tell the IURC to deny NIPSCO's request to raise your rates!