Benefit of Federal Tax Reform Takes Effect for NIPSCO Customers

rot2As a result of federal tax reform, NIPSCO natural gas and electric customers will benefit from a reduction in their monthly statements beginning with their May 2018 billing period.

The Tax Cuts and Jobs Act, which decreased the corporate tax rate from 35 percent to 21 percent, was signed into law on Dec. 22, 2017 and became effective on Jan. 1, 2018.

For an average NIPSCO electric residential customer, the change will reduce bills by approximately $30 per year. NIPSCO natural gas residential customers will see an approximate $10 per year reduction.

Commercial and industrial customers will also experience reductions in their bills beginning at the same time.

"This lower amount is great news for all our customers thanks to the savings associated with federal tax reform," said NIPSCO president, Violet Sistovaris.

The reduced taxes will not be listed as a separate line item on customer bills, as the associated federal taxes are embedded within a customer’s overall bill.

All associated changes have been reviewed and approved by the Indiana Utility Regulatory Commission (IURC).

About NIPSCO
Northern Indiana Public Service Company (NIPSCO), with headquarters in Merrillville, Indiana, has proudly served the energy needs of northern Indiana for more than 100 years. As Indiana’s largest natural gas distribution company and the second-largest electric distribution company, NIPSCO serves approximately 820,000 natural gas and 460,000 electric customers across 32 counties. NIPSCO is part of NiSource’s (NYSE: NI) seven regulated utility companies. NiSource is one of the largest fully regulated utility companies in the United States, serving approximately 4 million natural gas and electric customers through its local Columbia Gas and NIPSCO brands. More information about NIPSCO and NiSource is available at NIPSCO.com and NiSource.com.