NIPSCO Customers May See Rate Reductions After Tax Reform

“The federal tax reform bill supports lower costs for customers and infrastructure investment – benefitting the communities we serve”-NIPSCO Spokesperson Nick Meyer

January 3, 2018-A directive from the Indiana Utility Regulatory Commission may have customers feeling a little relief in their monthly bills as a result of the recent tax reform. An Order issued today by the IURC states “”Because customer utility services rates today reflect a now materially altered tax structure, the reform-derived benefits are accruing today and going forward. Accordingly, the Commission finds it is appropriate and in the public interest for Respondents (investor-owned utilities) to immediately begin using regulatory accounting, such as the use of regulatory assets and liabilities, for all calculated differences resulting from the Act and what would have been recorded if the Act did not go into effect.”

NIPSCO Spokesperson Nick Meyer stated “The federal tax reform bill supports lower costs for customers and infrastructure investment – benefitting the communities we serve. It’s too early to tell the overall impact on customers bills, but we will be working through the process outlined by the Indiana Utility Regulatory Commission
to determine a deliberate and thoughtful process for addressing these changes and their impacts. The last time tax reform of this magnitude occurred was more than 30 years ago, so there are a lot of moving pieces we’ll be working through as a company and with the commission.”

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