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NIPSCO Electric Rate Case (2022/2023)

The IURC issued an order setting NIPSCO's current electric base rates on Aug. 2, 2023.

The order approved a settlement agreement among most of the case's formal parties, which reduces the total revenue increase by approximately $103 million.

NIPSCO initially filed a $395 million request under IURC Cause No. 45772.

NIPSCO’s original request would have raised an average monthly residential electric bill – at 668 kilowatt hours (kWh) per month – by $19.69. Under the agreement, the increase would be limited to $12.37 when fully phased in next year. The monthly residential customer charge would rise from $13.50 to $14.00, instead of the $17.00 charge the utility had proposed.

Natural gas rates and services were not at issue in this case.