- NIPSCO receives approval to adjust electric rates, with changes phased from July 2025 through early 2026.
- The rate adjustment supports over $2 billion in capital investments for infrastructure upgrades and sustainable energy.
- Residential customers using 672 kWh monthly will see a $23 increase, lower than the initially proposed $32.
Northern Indiana Public Service Company LLC (NIPSCO), part of NiSource (NI, Financial), has received the green light from the Indiana Utility Regulatory Commission (IURC) to revise its electric rates. The adjustments are set to be implemented in stages starting in July 2025 and continuing to the start of 2026, minimizing the immediate impact on consumers.
The newly approved rates emerged from a collaborative process involving several stakeholders, including NLMK Indiana, United States Steel Corporation, and Walmart Inc. The increases will fund more than $2 billion in capital investments aimed at transitioning NIPSCO’s electric generation towards a balanced and sustainable portfolio, promising long-term savings and environmental gains.
Infrastructure improvements account for an additional $769.5 million of investments. These upgrades include replacing aging poles and lines, constructing new substations, and modernizing the electric grid, which is expected to enhance service reliability and reduce outage durations.
For residential customers, the changes mean an increase of approximately $23 monthly for those using an average of 672 kilowatt-hours, reduced from an earlier proposal of $32. NIPSCO is committed to supporting customers through bill payment assistance programs, digital tools, and energy efficiency initiatives.
NIPSCO has already achieved a 40% reduction in power outage durations by replacing over 300 miles of aging underground cable and enhancing system resilience. The company also offers flexible payment plans and assistance programs for eligible customers, ensuring continued accessibility and support during this transition.
