Pricing Supplement No. 008 Filing under Rule 424(b)(2)
Dated July 30, 1997 Registration No. 333-26847
(To Prospectus dated May 28, 1997)
$217,692,000
Northern Indiana Public Service Company
Medium-Term Notes, Series E
Due 1 to 30 Years From Date of Issue
____________________
Principal Amount: $7,000,000
Trade Date: July 30, 1997
Original Issue Date: August 4, 1997
Interest Rate: 6.69%
Stated Maturity Date: August 6,2007
Form : XX Book Entry ___ Certified
Interest Payment Date(s): March 15, and September 15
Specified Currency: U.S. Dollars
Selling Agents Commission: $43,750.00
Net Proceeds to the Company: $6,956,250
The Medium-Term Note described in this Pricing Supplement is being sold
through Goldman, Sachs & Co., as Agent.
Prior to the date of this Pricing Supplement, $99,000,000 Medium-Term Notes,
Series E, have been sold. Concurrently herewith, the Company is also
selling (1) $5,000,000 aggregate principal amount of Medium-Term Notes
with a Stated Maturity Date of August 4, 2027 and bearing an interest
rate of 7.16% at the initial price to the public equal to 100% of par,
less a fee to Goldman Sachs & Co., as Agent, equal to 0.75%; and (2)
$5,000,000 aggregate principal amount of Medium-Term Notes with a
Stated Maturity Date of August 4, 2017 and bearing an interest rate
of 7.02% at the initial price to the public equal to 100% of par, less
a fee to Goldman Sachs & Co., as Agent, equal to 0.75%.
Goldman, Sachs & Co.
Merrill Lynch & Co.
Morgan Stanley & Co. Incorporated
