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.
The Journal Gazette reports Utility Consumer Counselor David Stippler calls the agreement a "fair resolution."