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Citizens Energy Group
Water, sewer utilities stink up Citizens' earnings
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.
MoreCitizens Energy CEO Lykins enjoys big pay boost
December 15, 2012
Chris O'MalleyCitizens 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.
MoreCitizens plans new unit to sell liquefied natural gas
December 6, 2012
Chris O'MalleyCitizens Energy Group’s multistate transportation and industrial fueling subsidiary would market the gas as an alternative
vehicle fuel.
MoreAuthorities seek cause, assess damages of fatal explosion
November 12, 2012
IBJ Staff and Associated PressIndianapolis 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.
MoreCitizens' Westfield utility acquisition will help with broader system needs
October 6, 2012
Chris O'MalleyThe $91 million water and sewer deal is expected to improve water distribution between northeast and northwest suburbs.
MoreCitizens Energy to roll out combined bills
September 22, 2012
Gas, water and sewer charges will be consolidated into one mailing to reap savings promised in merger of gas, water utilities.
MoreCitizens Energy looking to fuel big rigs
June 7, 2012
Chris O'MalleyLocal 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.
MorePurchase of city water utility lifts Citizens Energy's profits
April 7, 2012
Chris O'MalleyThe $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.
MoreCitizens not ready to get behind historic designation for Central Canal
April 7, 2012
Chris O'MalleyPreservationists want protections for the historic waterway, but the utility that just bought it is afraid National Register
status will cause unintended consequences.
MoreCitizens 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.
MoreProLiance might go on block
January 14, 2012
Chris O'MalleyIndianapolis-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.
MoreCitizens to convert downtown steam plant from coal to gas
November 16, 2011
IBJ StaffCitizens 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.
MoreCitizens Energy gets interest-rate bargain on bonds sold for utility purchase
August 27, 2011
IBJ StaffStock-market swoon contributes to favorable terms on purchase of city's water, sewer systems.
MoreCitizens Energy Group pipelines pass internal review mandated by feds
April 30, 2011
IBJ StaffCitizens has more than 120 miles of transmission pipe and hundreds of miles of gas service lines.
MoreChamber names former utility leader as interim president
April 29, 2011
IBJ StaffPast board chairman David N. Griffiths will fill in for Roland Dorson, who resigned as president of the Greater Indianapolis
Chamber of Commerce last week in the wake of a dispute with board leaders.
MoreCitizens CEO making more than peers at bigger utilities
April 23, 2011
Chris O'MalleyCitizens Energy Group CEO Carey Lykins' 2010 pay package, salary and bonus, totaled $1.6 million, more than his counterparts
at the three largest municipal gas utilities in the country.
MoreSettlement caps Citizens Energy customers' deal fees
April 23, 2011
Chris O'MalleyRatepayers would pay no more than $14 million to cover charges associated with Citizens' purchase of Indianapolis water and
sewer utilities. Some say the capped amount is too much.
MoreCitizens Energy agrees to document utility savings
April 13, 2011
Associated PressA not-for-profit public trust that wants to buy Indianapolis' water and sewer utilities has agreed to document all of
the savings it says the $1.9 billion deal would create. State regulators still must approve the transaction.
MoreFix-up list is long as Indianapolis prepares for 2012 Super Bowl
January 29, 2011
Chris O'MalleyPlenty of opportunities await city officials bent on making downtown shine for the massive event.
MoreGroup opposes city plan to pay water manager Veolia $29M
December 20, 2010
Chris O'MalleyThe city should refuse to pay the contract-termination fee given alleged defaults by Veolia, the consumer group says. Veolia
is out after city sells the water company to Citizens Energy Group.
MoreTouted Build America Bonds may not be available for utility deal
December 4, 2010
Chris O'MalleyCitizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
MoreVeolia losing water contract, will get $29M termination fee
October 28, 2010
Chris O'MalleyPlaying a limited role under Indianapolis Water's new owner, Citizens Energy, wouldn't be profitable, Veolia says.
Citizens plans to make job offers to "substantially all" Veolia employees.
MoreHeating bills should be cheaper this winter, utility says
October 13, 2010
Citizens Energy Group projects that the gas bill of its average residential customer will decline about 7 percent over the
winter heating season. The utility said a customer who uses the typical amount of natural gas will spend $580, down from $620
last season.
MoreSmooth utility deal carries potential bonus for city
August 21, 2010
Chris O'MalleyIf Citizens Energy can successfully manage and mitigate over the next two years the city's lingering legal and contractual
obligations involving the water and sewer utilities Citizens is negotiating to buy, the city can hang onto an extra $25 million
in the deal.
MoreCouncil advances utilities transfer proposal
July 27, 2010
IBJ Staff and Associated PressCity-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to
transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.