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Citizens seeks rate increases to fund $560M in upgrades

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Citizens Energy Group customers face double-digit-percentage rate increases for water and sewer service under a request filed Thursday with the Indiana Utility Regulatory Commission.

Monthly rates for the average residential customer would rise 10 percent, from $31 to $34.

Harder hit would be monthly wastewater bills, which would eventually rise 47 percent,  from $30 to $44.

The Indianapolis-based utility said the increases will fund a $114 million upgrade to the water system and a $444 million tunnel system being bored beneath the city  to capture raw sewage that now overflows into streams.

“In order to continue investing in projects that remove raw sewage from our rivers and streams and that improve the quality of our drinking water, rate increases are necessary,” Carey Lykins, CEO of Citizens Energy Group, said in a statement.

Citizens acquired the city’s water and sewer systems more than a year ago in a deal worth $1.9 billion. The gas and steam utility claims that the acquisition has allowed it to achieve $112 million in annual savings.

The tunnel project is aimed at stopping the frequent overflowing of sewage into streams during heavy rains. The combined stormwater/wastewater system had to be remedied under a consent decree between the city and federal regulators.

 

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  • Rebuild Indy new moniker should be RESCREW TAXPAYERS
    Yeah a back door tax increase that if it was a SCHEDULE A DEDUCTION ON OUR 1040's would have saved federal income taxes so say if you are in the 28% federal bracket and you pay an additional $500 to Citizens you could have saved $140 in federal taxes. These BALLARD GOONS do not care about anyone but their grafter buddies.
  • No surprise
    I think that savings just means efficiencies that weren't available when the utilities were separate. In any event, this rate hike was always part of the deal. That $500 million windfall for RebuildIndy didn't just appear out of nowhere. It's a backdoor tax increase.
  • Annual Savings?
    I guess I'm confused... if they're now seeing $112 millon/year in savings, why are they passing on additional costs for upgrades which they were aware of when the purchase was negotiated? Why wasn't the purchase price decreased, or maybe it was and they're just wanting to pass on expenses to the customers while they continue to see considerable savings. IURC - Please deny the request!!

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    1. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

    2. Another internet tuff guy I see. And what would the basis of taking the person to jail? If they were drunk, yea. But if not, there would be no jailable offense. All these gestapo, Nazi, jackboots are running SCARED. When the SHTF in this country who's side are you going to be on? The citzens, or the establishment? Better make up your mind quick because it's not far off. I would rather be trying to make friends than enemies. But no worries my "friend", God will take care of you and your likes in good time. It tells us that in the bible. If you stand, support and help carry out the plans of evil rulers, you will NOT be spared the wrath of God. That simple. All you can do is repent now and ask God to forgive you.

    3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

    4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

    5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

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