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.
All customer enrollments require a written customer signature
and must be received by NIPSCO before an enrollment can
be processed or completed.
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 with 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 302 West Washington Street, Suite E306, Indianapolis,
Indiana 46204 or at 1-800-851-4268. Decisions rendered by
Consumer Affairs shall be considered binding by all parties. |