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NIPSCO Settles Electricity Dispute

By Peter Ambrose

June 18, 2010 Updated Oct 17, 2007 at 5:57 AM EDT

LAPORTE, Ind. (AP) - Northern Indiana Public Service Company has
agreed to refund 34 million dollars to electric customers.

It's part of a settlement of LaPorte County's challenge of how the
company charges for power it buys on the open market.

If the settlement is approved by the Indiana Utility Regulatory
Commission, a typical NIPSCO customer would receive $5 credits on
February, March and April bills.

The settlement also requires NIPSCO to purchase outside energy
at the lowest possible price.

NIPSCO serves about 450,000 customers in the northern third of
Indiana.




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