(MERRILLVILLE, IN) – NIPSCO is proposing a rate increase for their electric customers starting in 2025.

NIPSCO has made a request with the Indiana Utility Regulatory Commission to adjust their electric rates. The request is largely driven by continued investments in renewable energy to support the company’s ongoing electric generation transition, along with infrastructure upgrades to provide enhanced safety and reliability.

As demonstrated by the company’s Integrated Resource Planning process in 2018 and in 2021, making these investments now is the most cost-effective approach for customers over the long term.

While the proposed increase was filed with the State’s Utility Regulatory Commission late last week, it will undergo a thorough regulatory review process, including the opportunity for the public to provide input.

Based on NIPSCO’s proposal, an average residential electric customer, as a result of this case, would see an overall increase of approximately $32 per month, or approximately 22% above projected bills at the time of implementation.

Part of this request includes a proposal for a new bill payment assistance program for income qualified customers, with a portion funded by NIPSCO. Additionally, NIPSCO has proposed a new multi-family housing rate structure that, if approved, would allow for a 9%, or an approximately $10 decrease per month to an average multi-family housing customer using 444 KWH per month.

That’s compared to the standard residential rate.

The change, if approved, would begin to occur September 1, 2025, with the remaining changes applied by March 2026.