Indianapolis residences will see their water rate rise 25.8 percent if the Indiana Utility Regulatory Commission approves a compromise reached today among the city, the town of Pittsboro and the Indiana Office of Utility Consumer Counselor, the state agency charged with ensuring consumers are not over-charged.
Most residential customers will pay $20.95 per 700 cubic feet instead of the $16.65 that has in place since 1998.
The city originally requested a 32.2 percent increase; the state countered with a 25.2 percent rise.
Also signing the settlement agreement was a group of industrial customers and the town of Pittsboro. Rates for industrial users vary.