Water

Citizens Energy agrees to document utility savings

April 13, 2011
Associated Press
A 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.
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Indiana OKs 26-percent Indianapolis water increase

February 2, 2011
 IBJ Staff and Associated Press
Regulators have approved a 26-percent rate increase for Indianapolis water customers, the Indiana Utility Regulatory Commission announced Wednesday, less than the 33.4-percent increase requested.
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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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Touted Build America Bonds may not be available for utility dealRestricted Content

December 4, 2010
Chris O'Malley
Citizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
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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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Customer-service jobs likely casualty in utility merger

October 4, 2010
Chris O'Malley
Consultant finds 23 or so customer-service jobs may be unneeded after Citizens Energy acquires city water and sewer utilities. Administrative jobs may also be on bubble, though most savings are from capital-related expenses.
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Smooth utility deal carries potential bonus for cityRestricted Content

August 21, 2010
Chris O'Malley
If 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.
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City lands $13.8M more than expected from water deal

August 19, 2010
Chris O'Malley
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and sidewalk projects.
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Council advances utilities transfer proposal

July 27, 2010
 IBJ Staff and Associated Press
City-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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Key vote ahead for utilities transfer

July 26, 2010
 IBJ Staff
A plan to transfer the city's water and sewer utilities to Citizens Energy Group faces a key vote Monday night at a meeting of the City-County Council.
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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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Group forms to protect Pleasant Run watershed

June 12, 2010
 IBJ Staff
Led by Sky Schelle, east-side residents have formed The Friends of Pleasant Run.
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Water, sewer sale clears another hurdle

June 11, 2010
 IBJ Staff
The $1.9 billion deal still needs the OK of the City-County Council and state regulators.
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Business groups bless Mayor Ballard's utility sale plan

May 22, 2010
 IBJ Staff
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
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Private water, sewer utilities propose sale to Cumberland

May 15, 2010
 IBJ Staff
Gem Utilities Inc. and Gem Water Inc. have offered their sewer and water operations to the town of Cumberland for $6 million.
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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 flush with energy-saving ideas for building

April 20, 2010
Chris O'Malley
City-County Building energy-efficiency upgrades are set to be unveiled Tuesday afternoon. The nearly 50-year old landmark is the centerpiece of the city's greener-building initiative.
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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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Ballard mimics Major Moves infrastructure-improvement plan

April 3, 2010
Peter Schnitzler
So far, in discussing his plan to sell the city's water and sewer utilities, Mayor Greg Ballard has emphasized the impact on utility rates, the $1.5 billion in city debt Citizens would assume, and the chance to improve streets and sidewalks. But Ballard also has another key objective: business attraction and expansion.
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City utility deal treads in murky watersRestricted Content

April 3, 2010
Chris O'Malley
A $1.9 billion proposal to sell the city’s water and sewer utilities splashed into public view last month, but some financial details settling at the bottom line could make the deal harder to swallow.
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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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Citizens says buying water, sewer systems won't harm bond ratingRestricted Content

March 13, 2010
Chris O'Malley
Citizens Energy Group's plan to buy the city's water and sewer systems will require the utility to raise $262 million in new bond debt and inherit $1.5 billion in debt. Yet Citizens executives maintain the financial load should not impair the bond ratings of its principal utilities, Citizens Gas and Citizens Thermal.
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Official: Promised rate reduction key in $1.9B city water, sewer deal

March 10, 2010
Chris O'Malley
Cost savings from combining three utilities helped give Citizens Energy Group an advantage in the deal to take over Indianapolis' water and sewer operations, said Michael Huber, the city’s director of enterprise development.
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