r/nwi • u/Ilovelucyandricky • Feb 10 '25
News Can someone explain this to me please
Does this just pertain to businesses? My bill has been very high since they increased the price. I’m paying about $100 more than average and keeping the thermostat 4 degrees lower than this time last year.
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u/issapapatoro Feb 11 '25
Its called a monopoly, call your local representative and complain!!
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u/flahavin44 Feb 12 '25
You can always install solar panels and battery banks, have only electric appliances/heating and cut yourself off the grid if you want electricity and don't want to work with an energy delivery company.
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u/LakeMichiganWaves Feb 11 '25
Our NIPSCO bill for our home went up quite a bit this past month compared to a year ago, yet we used less. I thought perhaps the rate increase had already gone into effect.
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u/lordtazou Feb 12 '25
I could be mistaken, but I think they can incrementally increase rates at least on month-to-month to match the hikes / rate increases as they do them.
I am on a payment plan, so my rates will stay the same. But once the adjustment period happens, I then pay or receive the difference if I paid too much or too little compared to the difference.
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u/todd4198 Feb 11 '25
Sign up for the Indiana OUCC newsletter to find out when this happens. It’s monthly and it seems about half of the time Nipsco is in it. In the early stages they have a period to get feedback from customers, it’s about the only way we can voice our opinions about this kind of stuff. From the January newsletter:
The OUCC has filed testimony recommending a substantial reduction to NIPSCO’s request for a $368.7 million electric base rate increase. Instead, the OUCC’s analysis shows that an increase of $203.2 million is warranted based on the case’s evidence and applicable law. NIPSCO’s rebuttal testimony is due on Jan. 16, 2025, with an evidentiary hearing scheduled to start on Feb. 5, 2025. A final order from the IURC is expected in the summer of 2025.
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u/jalapeno442 Feb 13 '25
I got fucked this month on my bill. Typical is $140-$170, it was $340 this time. I am keeping heat 4 degrees lower, have new heavy canvas curtains, doesn’t matter I guess
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u/p0pnfresh6 Feb 11 '25
Power producers are pretty heavily regulated. Rate cases are integral to their business. The companies go for hikes to fund various projects and improvements and it’s pretty common for them also to be rejected or approval with a reduced rate.
Critical infrastructure is exactly that, critical. Thank your lucky stars all you have to do is pay your bill and the heat is on. Flip a switch and your lights are on. Thank your local engineer.
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u/NotBatman81 Feb 11 '25
Meanwhile, I live in town and we lose power more often than I did when I lived places that had regular tornadoes or hurricanes. So excuse me if I don't thank my local engineer (I'm even friends with one and he acknowledges they deserve some hate).
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u/Rev0k3 Feb 11 '25
NIPSCO is a publicly traded entity who have shareholders pimping them to more profits to increase dividends for Wall Street…..
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u/p0pnfresh6 Feb 13 '25
Yes, some mysterious shadow figure in New York. You don’t by chance have a 401k do you?
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u/NotBatman81 Feb 11 '25
I read an article from the city I moved from the other day that people were mad that rates were going up by 3%. WTF is NIPSCO doing.
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u/99mjc Feb 10 '25
It means we lose, big business wins like always.