MERRILLVILLE, Ind. (AP) - Higher natural gas rates for Northern Indiana Public Service Co. will take effect Oct. 1 and cost the average residential customer about $8 more per month when fully phased in.
NIPSCO said Thursday the Indiana Utility Regulatory Commission approved the new rates this this week after the company reached an agreement with the Indiana Office of Utility Consumer Counselor and industrial customers.
The agreement cut NIPSCO's original request by $48.9 million, limits the monthly residential customer charge increase to $3 instead of a proposed $8.50, and phases in the new rates over the next two years. The utility had proposed raising the average residential customer's bill by $10 per month.
NIPSCO's electric rates are not affected.
NIPSCO serves about 820,000 natural gas customers and 460,000 electric customers across 32 counties.
(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Phased-in NIPSCO gas rate increase takes effect Oct. 1
- NIPSCO reaches deal for 15% natural gas rate increase
- NIPSCO asking for rate hike
- NIPSCO rate hike hearing Monday
- NIPSCO trims natural gas rate hike plan, citing tax cuts
- Residents argue against NIPSCO gas rate hike request
- Public comment period extended for NIPSCO gas rate hike
- NIPSCO warns against scammers
- Consumer advocate seeks input on proposed NIPSCO rate hikes
- NIPSCO paying $900K fine over gas pipeline safety violations