NIPSCO receives multi-million dollar bailout for aging coal plants

Posted on: December 15th, 2017 by rgadmin

NIPSCO's R.M. Schahfer Generating Station in Wheatfield

What is the point of regulatory oversight if it fails to protect rate payers from unsustainable and higher cost decisions? NIPSCO the monopoly utility owns and operates aging coal facilities which are the costliest power plants to run in the entire area. NIPSCO admits that shutting them down WOULD SAVE money and cause less pollution.

HOWEVER, the Indiana regulators have approved their continued operation. If NIPSCO was a competitive business, these plants would be shut down. Indiana’s electric pricing is some of the highest in the area and this regulatory process explains why. The businesses and residents of Indiana deserve better oversight by their regulators.

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