Citizens Energy Group

Citizens Energy gets interest-rate bargain on bonds sold for utility purchaseRestricted Content

August 27, 2011
 IBJ Staff
Stock-market swoon contributes to favorable terms on purchase of city's water, sewer systems.
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Citizens Energy Group pipelines pass internal review mandated by feds

April 30, 2011
 IBJ Staff
Citizens has more than 120 miles of transmission pipe and hundreds of miles of gas service lines.
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Chamber names former utility leader as interim president

April 29, 2011
 IBJ Staff
Past 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.
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Citizens CEO making more than peers at bigger utilities

April 23, 2011
Chris O'Malley
Citizens 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.
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Settlement caps Citizens Energy customers' deal feesRestricted Content

April 23, 2011
Chris O'Malley
Ratepayers 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.
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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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Fix-up list is long as Indianapolis prepares for 2012 Super Bowl

January 29, 2011
Chris O'Malley
Plenty of opportunities await city officials bent on making downtown shine for the massive event.
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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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Heating 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.
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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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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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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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Mayor unveils infrastructure-improvement plan details

May 11, 2010
City would use $425 million expected from selling the city's water and sewer utilities to Citizens Energy Group to upgrade city streets, sidewalks and bridges.
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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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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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Citizens Energy to take over city's water, sewer utilities

March 10, 2010
 IBJ Staff
The agreement is expected to generate more than $425 million in funding for local infrastructure improvements, and Citizens has agreed to assume $1.5 billion in debt associated with the utilities.
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New steam plant could propel Speedway revivalRestricted Content

December 31, 2007
Chris O'Malley
A unit of Citizens Gas proposes building a natural-gas-fueled steam plant in Speedway to serve large employers in the town of 12,800.
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Steam plant ups reliance on coalRestricted Content

September 3, 2007
Chris O'Malley
Citizens Gas & Coke Utility shuttered its coke manufacturing plant earlier this summer, much to the relief of neighbors and health officials who warned that its benzene emissions were a cancer threat. But regulatory filings show closing the plant at Keystone Avenue and Prospect Street could result in more pollution downtown.
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Citizens Gas proposing billing overhaulRestricted Content

April 16, 2007
Chris O'Malley
Citizens Gas & Coke Utility has revived its pitch for a regulatory plan that would fundamentally change the way it bills customers, helping it cover rising expenses as gas sales fall. The plan would create an expanded energy conservation program that could include rebates for customers who buy gas-efficient furnaces and appliances.
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  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

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