Dive Summary:
- The Northern Indiana Public Service Co.(NIPSCO) recently filed with state regulators to embark on a $1 billion, multi-year grid modernization project.
- The utility’s proposal includes replacing hundreds of miles of underground and above-ground electrical lines and 75 substation transformers.
- NIPSCO serves 457,000 electricity customers and will be seeking an annual rate increase of 1% from 2015 to 2020. NIPSCO plans to start the project in mid-2014 "It hits every county we serve," CEO Jim Stanley said. "It literally touches every county."
From the article:
Since NIPSCO is the first utility in the state to come forward with such a plan under new law, the action by the utility commission would be precedent setting, Polk said.