United Water will earn $28.5 million in annual revenue for its services, plus an opportunity to earn another $7 million in yearly incentives if it reaches goals for operating efficiency and service enhancements.
Three other companies responded to a request for expression of interest issued in June: American Water of Voorhees, N.J., which is owned RWE AG of Essen, Germany; CH2M Hill OMI Inc. of Englewood, Colo.; and Veolia Water North America of Houston.
Veolia announced in June that it would move its North American operations to Indianapolis, a move that was expected to create 100 jobs here.
United Water is owned by France-based Suez Group. It owns 25 regulated utilities and operates 145 more municipal water and wastewater operations via contract, including systems in Gary, Milwaukee and Jersey City. It serves 7 million people in the United States.
In Indianapolis, United Water operates the Belmont and Southport wastewater-treatment plants, which have a combined capacity of 250 million gallons per day. It also maintains 3,000 miles of sewer collection pipes, operates the Eagle Creek Dam and provides laboratory services and industrial pretreatment monitoring.