INDIANAPOLIS - 12/4/19 - Today, the Indiana Utility Regulatory Commission (“IURC”) approved a proposal by NIPSCO which will allow six large companies to buy most of their energy from outside markets. This decision will shift between $40M and $60M of costs annually from the large companies to NIPSCO’s remaining captive customers. These six large companies will realize significant reductions in their monthly energy bills, while the rest of NIPSCO’s customers will see a hike in their bills. NIPSCO created this proposal in response to the six companies’ threats that they would leave Indiana, and perhaps the United States, unless they were given special subsidies by the IURC.
- December 4, 2019