MERRILLVILLE, Indiana (AP) – The utility that supplies natural gas to much of northern Indiana has asked state regulators to approve a 17% rate increase for its more than 800,000 customers gas.
The Northern Indiana Public Service Co. on Wednesday asked the Indiana Utilities Regulatory Commission to approve a two-step rate hike, the first phase of which would take effect on September 1, 2022.
The Merrillville-based utility said the proposed increase would ensure greater bill stability for its 821,000 gas customers by reducing bill fluctuations between periods of high and low consumption, especially during the months winter heating, reported The Journal Gazette.
NIPSCO’s proposed tariff increase for base gas tariffs must go through a regulatory review process, which includes an opportunity for public participation.
Basic utility natural gas tariffs were last approved in 2018.
Based on the new proposal, a residential gas customer who uses 70 therms per month and currently pays $ 55 would see an overall increase of $ 9 per month – or about 17%, NIPSCO said in a press release.
The estimated change includes a proposal to increase the base monthly fee from $ 14 to $ 24.50.
NIPSCO has approximately 850,000 industrial, commercial and residential gas customers in 32 counties in northern Indiana.
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