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American Water wants to raise rates

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The Indiana Office of Utility Consumer Counselor is seeking public input on a proposed rate hike by American Water Inc., which has 283,000 customers in the state, including in Noblesville and Greenwood.

The New Jersey-based company seeks nearly $47 million in additional annual operating revenue to fund numerous capital improvements.

The proposed hike would boost average residential water rates in Noblesville to $40.84 a month from $33.68. Greenwood’s rates would rise $11.26 a month under the company’s proposal.

American’s current base rates were approved in 2007.

The OUCC said it has not yet taken a position on the request but intends to file testimony Oct. 23 with the Indiana Utility Regulatory Commission.

The OUCC plans a public meeting Oct. 5 in Muncie, where rates would rise about $11.25 a month under the proposed rate plan.

American Water recently proposed buying all or part of Indianapolis Water Co., in response to a solicitation of ideas by Mayor Greg Ballard on what to do with the city’s water and sewer systems, which face massive debt and capital improvements. (See story, page 3.) American was among 23 firms filing an expression of interest with the city.

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