Consumer group: Citizens water hike could cause ‘rate shock’
The Indiana Office of the Utility Consumer Counselor is asking state regulators to approve just about half the rate increase Citizens Energy Group wants to charge water customers.
The Indiana Office of the Utility Consumer Counselor is asking state regulators to approve just about half the rate increase Citizens Energy Group wants to charge water customers.
The utility, which provides water to about 400,000 homes and businesses in the eight-county Indianapolis area, said average residential bills would rise from $30 per month to $36 if it receives approval for the 20-percent hike.
The utility already has begun work on the project in an 88-acre former limestone quarry, which could provide another 25 million gallons of water per day when the reservoir opens in 2020.
Carey Lykins has been with Citizens for 42 years, including the past nine as president and CEO. He joined the local utility group as a cashier in 1973 when it was known as Citizens Gas & Coke Utility.
A utility company says construction will resume Thursday on a project to build a sewer tunnel 250 feet beneath Indianapolis where a worker was killed last week.
Indianapolis homeowners have received a scare-sell insurance pitch about their water-service lines that appears to carry the endorsement of former New York City Mayor Rudy Giuliani.
State regulators on Wednesday approved a rate hike that will increase monthly wastewater bills by about 26 percent, or close to $14 on average, for Citizens Energy Group customers.
Among the planned projects are a new groundwater treatment plant near Morse Reservoir, a booster station to improve water pressure on the northwest side, and several large water main replacement projects.
Citizens Energy Group has won state approval to raise water rates for Indianapolis customers, but not before being taken to task for excessive executive compensation.
Indiana is generally water-rich, but advocates of resource planning say the state runs the risk of supply crises that would hamper economic development.
The credit rating service has stuck with a “stable” outlook for Citizens’ ability to repay its debts. But an Oct. 3 report cites concerns across all the operations at the Indianapolis-based utility.
State utility regulators kicked off a week-long hearing Monday on a proposed water rate increase for Indianapolis residents by putting the CEO of Citizens Energy Group on the hot seat.
The state’s utility consumer agency recommended Thursday that regulators significantly reduce Citizens Water's proposed rate hike for its 300,000 customers in Marion and surrounding counties.
The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s targeting as the centerpiece of its ambitious 16 Tech project.
The biggest contributor to an $11.8 million loss in 2012 was the wastewater unit it bought from the city the year before.
The Westfield City Council voted 6-1 Monday night to transfer its water and wastewater assets to Citizens Energy Group for $91 million.
The $91 million water and sewer deal is expected to improve water distribution between northeast and northwest suburbs.
The proposed sale to Citizens Energy Group would include Westfield’s water and wastewater utilities. Citizens bought water utilities from the city of Indianapolis last year for $1.9 billion.
Gas, water and sewer charges will be consolidated into one mailing to reap savings promised in merger of gas, water utilities.
Beginning Wednesday, city residents can water their lawns, wash their cars and fill swimming pools without facing fines. Fishers also lifted its conservation order, effective Saturday.