Electric utility company NIPSCO has been approved to hike rates by around $23 per month, phased in from July to Q1 2026. Photo by NIPSCO.

News Release

MERRILLVILLE — Northern Indiana Public Service Company LLC, or NIPSCO, received approval from the Indiana Utility Regulatory Commission to adjust its electric rates. The newly approved rates will be phased in over multiple steps beginning in July through the beginning of 2026 to spread out the changes to customers.

The average residential electric customer using 672 kilowatt-hours per month will see an increase of approximately $23 per month, or 16.75%, phased in over multiple steps beginning in July through Q1 2026. This is a reduction from the originally proposed increase of $32 per month.

Actual projected bill impacts may vary by customer, including nonresidential customers, depending on usage and future potential changes in market prices.

“We understand that any increase in bills is significant, and we remain focused on supporting our customers through this transition with new assistance programs and continued improvements to service and reliability,” said Vince Parisi, NIPSCO President and Chief Operating Officer.

The IURC decision follows a nearly year-long, extensive review process, which included public input.

The rate adjustment supports more than $2 billion in capital investments to transition NIPSCO’s electric generation to a more balanced generation portfolio, which is expected to deliver long-term savings and environmental benefits.

An additional $769.5 million will fund infrastructure upgrades, including replacing aging poles and lines, constructing new substations, and modernizing the electric grid to improve reliability and reduce outage durations.

NIPSCO’s investments have already led to a 40% reduction in power outage durations and improved system resilience.

The company has replaced over 300 miles of aging underground cable and treated more than 300,000 wood poles to strengthen the grid. Customers will also recieve from energy-efficiency programs, enhanced digital tools and, according to NIPSCO, a commitment to return 100% of revenues from excess power sales back to customers.