Phased-in NIPSCO rate hike begins this month

Staff Report

WARSAW — If you rely on NIPSCO for your energy, get ready for a monthly hike in your bill.

The utility will implement about a 10 percent hike in its electric rates this month for many of its residential customers.

The energy provider says that the rates will be added over a multi-step process meant to spread out changes to customer bills into 2024.

The newly approved rates support the company’s investment of approximately $700 million in electric transmission and distribution system upgrades.

It also comes as NIPSCO is phasing out its remaining coal-fired facilities, which is expected to happen by 2028.