MERRILLVILLE, Ind. (AP) — An agreement calls for the electricity rates paid by Northern Indiana Public Service Co. customers to increase by about one-fourth as much as regulators had approved last year.
NIPSCO reached the agreement with the Indiana Office of Utility Consumer Counselor, some industrial customers and a coalition of northern Indiana communities that objected to the approved 16.8 percent hike.
The settlement announced Tuesday would increase the average residential bill by 4.5 percent, or $3.33 a month. Higher rates for NIPSCO's 460,000 electricity customers must be approved by the Indiana Utility Regulatory Commission.
City of Hammond lawyer Shaw Friedman tells The Times of Munster that officials remain concerned about possible bigger increases for some residential customers.