natural gas customers will become NIPSCO customers as the Indiana Utility Regulatory Commission (IURC) issued an order this week approving the consolidation of Northern Indiana Fuel & Light (NIF&L) and Kokomo Gas into Northern Indiana Public Service Company (NIPSCO).
"The approval of this consolidation allows NIPSCO to continue providing natural gas customers in the Auburn and Kokomo areas with not only some of the lowest bills in the state, but also the same energy-saving programs, low income assistance and alternative gas supply options currently available to NIPSCO's natural gas customers," said Jimmy Staton, Chief Executive Officer of NIPSCO, NIF&L and Kokomo Gas. "Throughout the process, we have received strong support from our customers, regulators and other stakeholders, and we want to ensure a smooth transition for these customers as they're welcomed into NIPSCO."
The IURC's approval follows an agreement reached in February by NIPSCO, the Indiana Office of Utility Consumer Counselor (OUCC) and the Choice Program's Natural Gas Marketers to formally consolidate the three stand-alone utilities under NIPSCO.
"Kokomo Gas and NIF&L customers will immediately be able to take advantage of the benefits from this consolidation, especially in the areas of energy efficiency and financial assistance for eligible customers," said Indiana Utility Consumer Counselor David Stippler. "In addition to negotiating a smaller bill impact from the original rate request, we've helped capitalize on the economies of scope and scale that will come from a unified customer base for the benefit of all new and existing NIPSCO gas customers."