Veolia

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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Industrial support for utility sale to cost $1.5 million

April 29, 2011
 IBJ Staff
The price to get big industrial firms like Eli Lilly and Co., National Starch and Rolls-Royce Corp. to support the sale of the city’s water and sewer utilities to Citizens Energy Group is at least $1.5 million.
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Water employee: Veolia falsified records to get bonuses

December 28, 2010
Chris O'Malley
Testimony is part of effort to deny Veolia Water $29 million contract termination fee as part of utility sale. Group claims salaried employees owed millions of dollars.
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Group opposes city plan to pay water manager Veolia $29M

December 20, 2010
Chris O'Malley
The 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.
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Veolia losing water contract, will get $29M termination fee

October 28, 2010
Chris O'Malley
Playing 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.
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Water, sewer utility sale passes another hurdle

July 20, 2010
 IBJ Staff
Sale of city's water and sewer utilities faces showdown on Monday with full council vote.
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State cites Veolia Water over safety concerns

May 17, 2010
Chris O'Malley
Veolia Water is contesting three "serious" safety penalties involving a gas line strike. IOSHA alleges utility failed to instruct employees and properly determine location of lines.
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Veolia concessions worry regulatorsRestricted Content

May 8, 2010
Chris O'Malley
Testimony filed in Indianapolis Water Co.'s rate case shows the city in 2007 agreed to take on millions of dollars in costs from the private firm it hired to operate the utility, including $48 million in retiree medical plan obligations.
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Waterworks board wants outside review of mayor's utility plan

April 23, 2010
Chris O'Malley
The waterworks board's plan to hire outside consultants to study the proposed sale of Indianapolis Water could delay the deal.
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City approval of Citizens Energy deal could come in May

April 10, 2010
 IBJ Staff
Citizens Energy should have completed the majority of its due diligence of the city’s water and sewer utilities, which it plans to acquire, by the end of this month.
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Department of Waterworks chief to address canal concerns

March 27, 2010
 IBJ Staff
Matthew Klein has agreed to serve on a panel discussion concerning the canal: “Indy’s Central Canal—public resource or private pipeline?” during the Indiana University Law Environmental Symposium, April 1 at IUPUI’s Inlow Hall.
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Consultant: Indianapolis water utility lax in overseeing Veolia

October 17, 2009
Chris O'Malley
The city too often relied on the Department of Waterworks’ board, on consultants and on the private operator, Veolia Water, rather than on the department’s own staff “to ensure safe and efficient operation, maintenance and management” of Indianapolis Water. That’s one of several critical findings of a consultant hired by the department and filed as part of a 35-percent rate-hike request pending before the Indiana Utility Regulatory Commission.
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City receives host of sale, privatization ideas for water, sewer utilitiesRestricted Content

October 3, 2009
Chris O'Malley
Officials grappling with a water utility deep in debt and a sewer infrastructure needing upwards of $2 billion in upgrades were swamped with proposals about how to fix the mess.
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Water utility wants millions for treatment-plant upgrade, dam repairRestricted Content

September 26, 2009
Chris O'Malley
Already swamped with higher debt costs due to a bond refinancing fiasco, the city’s Department of Waterworks is asking the Indiana Utility Regulatory Commission to OK a rate hike to pay for capital projects.
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Veolia appeals regulators' rate-hike decision

August 10, 2009
Chris O'Malley
Veolia Water Indianapolis, which manages the city’s water utility, has appealed an order issued by state utility regulators that limited a major rate increase sought by the city.
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Indianapolis Waterworks' rate hike request excessive, critics sayRestricted Content

May 11, 2009
Chris O'Malley
Customer groups say an 18-percent rate hike sought by the Indianapolis Department of Waterworks is excessive even for a utility drowning in variable-rate bond debt that's swelled since financial markets collapsed.
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National City Center nabs VeoliaRestricted Content

January 7, 2008
Cory Schouten
Paris-based utilities giant Veolia Water has reached a deal to move its North American headquarters into the 16-story National City Center, providing a boost to a downtown building still reeling from the loss of Simon Property Group Inc.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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