IBJNews

Downtown steam-plant customers face steep rate increase

Back to TopCommentsE-mailPrintBookmark and Share

About 200 downtown business and industrial customers would pay an average of 12.9 percent more for steam services under a rate-increase proposal by Citizens Energy Group.

The utility said Thursday it had filed a petition for the hike with the Indiana Utility Regulatory Commission. If the increase is approved by the IURC, it likely would go into effect by spring 2014. The impact on individual customers will vary.

Citizens requires more revenue from its steam users—predominantly large firms downtown—to help foot the bill for the conversion of downtown’s Perry K Steam Plant from coal to natural gas, the utility said.

Citizens first announced the conversion project in late 2011. The plant at Kentucky Avenue near Victory Field supplies steam to major users such as IUPUI and Lucas Oil Stadium. In warmer weather, the steam turns water chillers that cool the buildings.

The rate increase also is necessary to help pay off an existing line of credit and finance a system expansion, according to Citizens.
 

ADVERTISEMENT

  • Business is business
    Gary, whether or not a business' form is non-profit, the executives still have the same headaches as any other utility company. If the Citizens execs make significantly more than their peers at other public utility holding corporations, then we'd need to look at how efficiently the company is run...and only then would anyone be able to agree with your assertion that they're overpaid
  • Nonpofit Charitable Trust
    Yeah, they are. From their website: "In 1887, the forefathers of Indianapolis came up with the idea of operating a natural gas company as a Public Charitable Trust, solely for the benefit of customers and the community. Today, this Trust lives on as Citizens Energy Group, a broad-based utility service company, distributing natural gas, water, and wastewater services to more than 1 million customers, and operating one of the nation's largest district steam and chilled water cooling systems. At Citizens, our vision is fulfilling the promise of the Trust to serve our customers and communities with unparalleled excellence and integrity." A public charitable trust that benefits a few at the expense of the rest of us.
  • Nonprofit charitable trust?
    The last I checked Citizens Energy was still holding itself out as a nonprofit charitable trust. Did I miss something, BK?
  • Socialism without
    BK - big difference here is that this is not a competitive market place. Who else are you going to call to get your product (gas)? Sure, IN is de-regulated, but that only goes so far. Look at what has happened with cable, we now have more choices, more competition, and lower price options. I could care less what their execs make. I can't pickup the phone and call a different water company though if their prices are too high due to exec pay. Huge difference.
  • Paying Salaries Of Citizens Execs
    Gee - I thought the shareholders were entitled to make a profit. Unlike paying your taxes, this is a business. The top executives make less than the top executives at GM or Lilly. Quit being a socialist.
    • Paying Salaries Of Citizens Execs
      Someone has to pay for the exorbitant salaries being paid to Citizens' top executives. The top 16 are collectively earning about $10 million a year, not counting their generous benefits.

      Post a comment to this story

      COMMENTS POLICY
      We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
       
      You are legally responsible for what you post and your anonymity is not guaranteed.
       
      Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
       
      No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
       
      We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
       

      Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

      Sponsored by
      ADVERTISEMENT

      facebook - twitter on Facebook & Twitter

      Follow on TwitterFollow IBJ on Facebook:
      Follow on TwitterFollow IBJ's Tweets on these topics:
       
      Subscribe to IBJ
      1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

      2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

      3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

      4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

      5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!

      ADVERTISEMENT