NIPSCO press release:
NIPSCO Natural Gas customers to receive a credit
(MERRILLVILLE, Ind.-October 22nd) Northern Indiana Public Service Company announced today that it will be providing a one-time credit in the amount of $4.1 million to its natural gas customers.
The credit is the result of a decision made by the Indiana Utility Regulatory Commission on how costs associated with unaccounted-for-gas are measured and applied to customer bills. NIPSCO is seeking further clarification from the Commission
regarding how and when the credit will appear.
NIPSCO’s natural gas bills to its customers are the lowest in the state.
Unaccounted-for-gas, which is common among natural gas utilities across the country, represents the amount of natural gas that escapes a utility’s pipeline system before it gets used by customers.
In Indiana, cost recovery for unaccounted-for-gas is part of the rate making process and it must be reviewed by the IURC before being recovered by customers.
NIPSCO has an effective gas pipeline replacement program to ensure the safe and reliable delivery of natural gas to its customers. While NIPSCO has among the lowest unaccounted-for-gas rates in Indiana, the company continually works to deliver maximum efficiency.
NIPSCO, with headquarters in Merrillville, Ind., is one of the 10 energy distribution companies of NiSource Inc. (NYSE: NI). With over 712,000 natural gas customers and 457,000 electric customers across the northern third of Indiana, NIPSCO is the largest natural gas distribution company, and the second largest electric distribution company, in the state. NiSource distribution companies serve 3.8 million natural gas and electric customers primarily in seven states. More information about NIPSCO is available at their website.
Related Blog post:
IURC: NIPSCO gas customers to receive $4.08 million in rate credits