Terms and Conditions DependaBill
DependaBill is a 12-month program that prevents changes in your gas bill,
including changes due to gas price and weather fluctuations. A monthly program
fee is included in this service and covers the expenses necessary to lock in a
gas price, calculate your amount, and guarantee your DependaBill.
I. DependaBill Program Description-DependaBill
is not meant to be a savings program. DependaBill guarantees a fixed monthly bill but cannot
guarantee savings. In a warmer than normal year, or in a year when gas prices
are lower than the fixed price calculated in the DependaBill, you will likely
pay considerably more under the DependaBill program than you would pay under
the standard tariff. DependaBill, which includes a program fee, is locked in
and no adjustments will be made during the program year unless the term length
is significantly greater than or less than one year. (See "Term" below). The
quote amount you have received is for a 12-month period specific to a service
address and is not transferable to another customer or service address. Your
quote amount does not include electric service or applicable sales tax. Your
monthly bill will reflect sales tax as a separate line item. Customers who wish
to cancel their enrollment must do so by calling 1-866-777-9151 within 10 days
of enrollment in order to avoid termination fees. Table 1 shows monthly high
and low gas prices including all commodity, distribution and delivery charges
over the past several years. Table 2 shows historical heating season conditions
(Nov-Mar) compared to "normal" weather. Weather data is provided by the
National Weather Service regional weather stations. Please remember that past
gas prices and past weather are not accurate predictors of future gas prices
and weather.
II. Usage Requirements-As part of this program, you agree
to use energy as you have in the past.
Increased gas use due to cold weather is expected and covered under this
program. Since all consumers benefit when gas is not wasted, there is an energy
conservation safeguard built into this program that assures there is no abuse.
If you use 15% more cumulative non-weather related gas, you may be removed from
the program and returned to a standard gas tariff. Termination fees outlined in
Section IV apply to program removal for excessive non-weather related gas
usage. No customer will be removed from the program for increasing non-weather
related usage without prior notification by NIPSCO and the opportunity to
modify their gas usage. Non-weather use could include such things as increasing
your thermostat settings, adding gas appliances or increasing your living
space.
III. Term-DependaBill
is a 12-month (i.e., 365-day) agreement.
If the number of days that you are served on DependaBill during this term was
much more or less than 365, your final bill will be adjusted to reflect the
actual time that you received service on the program, based upon the average
cost per day of your quote.
IV. Termination /
Cancellation Fee - If you decide to end your enrollment in this 12-month program, you must
contact us at 1-866-777-9151 within 10 days of enrollment in order to avoid
termination fees described below. To avoid termination / cancellation fees, we
simply ask that you:
. Continue the program for 12 months at the same service location.
. Keep monthly payments up to date.
. Use natural gas as you have in the past and as described in Section II.
If you do not complete a full 12-month term for one of the reasons listed
above, NIPSCO will compare the amount you paid while on DependaBill to an
amount calculated by multiplying the actual gas consumed times the fixed price
used to calculate the DependaBill. If the amount you paid while on DependaBill
is greater, NIPSCO will refund the difference. If the amount you paid is less,
you will owe the difference. Early termination will require you to pay $30 to
cover administrative costs associated with early separation. In addition,
customers with an average historical weather-normalized yearly gas consumption
of less than 5,000 therms will be charged $10 per month for each month
remaining in the program year to cover costs associated with the pre-purchase
of gas contracts for the 12-month term. Customers with an average historical
weather-normalized yearly gas consumption greater than 5,000 therms per year
will be subject to the greater of a $10/month cancellation fee or a fee
calculated using the following formula: The average historical gas use for the
remaining month(s) in the contract term times the difference of the NYMEX gas
price at contract termination versus the NYMEX gas price used to calculate the
DependaBill amount quote for all months remaining in the contract term. An
average residential customer uses approximately 1,000 therms per year. The
total cost to terminate your DependaBill contract will never exceed 40% of your
annual DependaBill amount. For example, a customer with a $600 annual
DependaBill ($50 monthly) will never pay more than $240 to exit the program.
V. Renewal -
At the end of each 12-month DependaBill program year, your new
DependaBill amount will be calculated based on your most recent 12-months usage
patterns and the current gas prices. Your new DependaBill quote amount will be
mailed to you at least 30 days prior to the start of a new 12-month period.
Your enrollment will be renewed automatically, only if the monthly price to be
paid under the DependaBill program is equal to, or lower than, the price paid
in the previous year.
VI. Dispute Resolution -
If a dispute arises concerning the DependaBill product, consumers should
contact NIPSCO Customer Service at 1-866-777-9151. If a resolution is not
achieved, the consumer may contact the Consumer Affairs Division of the Indiana
Utility Regulatory Commission at National City Center, 101 W. Washington
Street, Suite 1500E, Indianapolis, Indiana 46204 or at 1-800-851-4268.
Decisions rendered by Consumer Affairs shall be considered binding by all
parties.
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