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NIPSCO plans to save customers 4 billion dollars

A drastic, new initiative just unveiled at NIPSCO aims to completely cut the energy provider's coal-powered plants by 2028.

Posted: Oct 31, 2018 11:56 PM

LAFAYETTE, Ind (WLFI) — A drastic, new initiative just unveiled at NIPSCO aims to completely cut the energy provider's coal-powered plants by 2028.

They expect to replace coal power entirely with wind and solar energy.

NIPSCO says the plan will eventually save its customers $4 billion, but customers will see an increase in their bill before they see savings.

The company says its goal is to provide northern Indiana with cleaner, renewable energy sources.

The plan will reduce carbon emissions by 90 percent, although it still needs to be approved by the Indiana Utility Regulatory Commission first.

The first change for customers would be in late 2019 or early 2020, when rates will go up eleven dollars.

"Customers were part of those plans we were announcing regarding electric generation and then they will certainly have a voice in the proposal we have to modify electric rates," said NIPSCO spokesman Nick Meyer.

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