Citizens Energy Group

State approves rate hike for Citizens Thermal

May 21, 2014
Dan Human
Citizens Energy Group will raise rates for about 250 customers that use the utility’s steam and chilled water services.
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State regulators scold Citizens, approve smaller water rate hike

March 19, 2014
Dan Human
Citizens Energy Group has won state approval to raise water rates for Indianapolis customers, but not before being taken to task for excessive executive compensation.
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Gas utilities warn of big January bill increases

January 30, 2014
Dan Human
Natural gas customers in central Indiana will pay $30 to $50 more than a year ago when they receive their January gas bills because of the unusually cold weather.
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Citizens warns of higher home gas bills in January

December 31, 2013
 IBJ Staff
The typical heating bill last January was $146.30, according to the utility. Next month, assuming normal temperatures, the bill will rise to $156.80.
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Citizens Energy reports $81M loss, lower executive pay

December 19, 2013
Dan Human
The 2013 loss was far greater than the $11.8 million in red ink Citizens reported in fiscal 2012. Meanwhile, CEO Carey Lykins' annual compensation dropped $1 million, to $1.9 million.
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Vectren to embark on $650M project, rate increases

November 26, 2013
Mason King
The infrastructure work will upgrade the gas utility's network across much of central Indiana.
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Indiana in natural gas dilemmaRestricted Content

November 16, 2013
Dan Human
'Fracking' has made natural gas cheap and abundant, but prices could rise with demand, costing consumers.
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Moody's lowers Citizens' credit ratings on $2.6B in bonds

October 8, 2013
Dan Human
The credit rating service has stuck with a “stable” outlook for Citizens’ ability to repay its debts. But an Oct. 3 report cites concerns across all the operations at the Indianapolis-based utility.
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Three Indiana gas utilities face pipeline safety fines

July 26, 2013
Associated Press
The Indiana Utility Regulatory Commission says Northern Indiana Public Service Co., Vectren and Citizens Gas didn't follow procedures and keep accurate pipeline records.
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Citizens Energy quizzed on exec pay levelsRestricted Content

July 6, 2013
Chris O'Malley
Citizens Energy Group has enjoyed a certain amount of public good will over the last 125 years as a not-for-profit, charitable trust. But rising incentive pay to the trust’s top brass recently has conjured up images of an investor-owned utility—and the scrutiny of regulators.
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ProLiance Energy sold to Dallas company

June 19, 2013
Chris O'Malley
Indianapolis-based ProLiance Energy, which has lost tens of millions of dollars in recent years amid falling natural gas prices, is being sold to Dallas-based Energy Transfer Partners.
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Crew making quick progress on Citizens Energy sewage tunnelRestricted Content

June 8, 2013

The Deep Rock Tunnel is the largest public-works project in the city’s history, and Citizens customers are already paying for the first phase, which cost $444 million.

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Downtown steam-plant customers face steep rate increase

June 6, 2013
 IBJ Staff
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.
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Water, sewer utilities stink up Citizens' earningsRestricted Content

February 9, 2013
The biggest contributor to an $11.8 million loss in 2012 was the wastewater unit it bought from the city the year before.
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Citizens Energy CEO Lykins enjoys big pay boostRestricted Content

December 15, 2012
Chris O'Malley
Citizens Energy Group—a not-for-profit, public charitable trust—doubled its size last year with its $1.9 billion purchase of the city’s water and sewer utilities last year. It also doubled the pay of CEO Carey Lykins.
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Citizens plans new unit to sell liquefied natural gas

December 6, 2012
Chris O'Malley
Citizens Energy Group’s multistate transportation and industrial fueling subsidiary would market the gas as an alternative vehicle fuel.
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Authorities seek cause, assess damages of fatal explosion

November 12, 2012
 IBJ Staff and Associated Press
Indianapolis Deputy Code Enforcement Director Adam Collins said 80 homes were damaged in the Richmond Hill neighborhood, including 31 houses that might need to be demolished. He estimated the damage at $3.6 million.
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Citizens' Westfield utility acquisition will help with broader system needsRestricted Content

October 6, 2012
Chris O'Malley
The $91 million water and sewer deal is expected to improve water distribution between northeast and northwest suburbs.
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Citizens Energy to roll out combined billsRestricted Content

September 22, 2012
Gas, water and sewer charges will be consolidated into one mailing to reap savings promised in merger of gas, water utilities.
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Citizens Energy looking to fuel big rigs

June 7, 2012
Chris O'Malley
Local utility trust Citizens Energy Group plans to sell liquefied natural gas for use in cross-country semi trucks as a lower-cost alternative to diesel fuel.
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Purchase of city water utility lifts Citizens Energy's profitsRestricted Content

April 7, 2012
Chris O'Malley
The $1.9 billion sale of the city’s water and sewer utilities was a profit gusher last year for buyer Citizens Energy Group—at least on paper. Dwarfing the returns of its gas, thermal and other divisions, the newly renamed Citizens Water turned a profit of $53.4 million.
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Citizens not ready to get behind historic designation for Central CanalRestricted Content

April 7, 2012
Chris O'Malley
Preservationists want protections for the historic waterway, but the utility that just bought it is afraid National Register status will cause unintended consequences.
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Citizens Energy projects bigger savings from deal

March 3, 2012
Cost-savings tied to the purchase of the city's water and sewer utilities are also expected to be realized sooner than predicted.
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ProLiance might go on blockRestricted Content

January 14, 2012
Chris O'Malley
Indianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake in the company.
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Citizens to convert downtown steam plant from coal to gas

November 16, 2011
 IBJ Staff
Citizens Energy Group plans to switch the primary power source for its Perry K Steam Plant in downtown Indianapolis from coal to natural gas, the utility announced Wednesday. The conversion will cost about $9 million.
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