Indy puts millions toward anti-flooding projects
Indy’s City-County Council approved $50 million in new bonds this month to tackle a backlog of drainage projects across the city.
Indianapolis Department of Waterworks
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Citizens Energy projects bigger savings from deal
Cost-savings tied to the purchase of the city’s water and sewer utilities are also expected to be realized sooner than predicted.
Citizens Energy gets interest-rate bargain on bonds sold for utility purchase
Stock-market swoon contributes to favorable terms on purchase of city’s water, sewer systems.
Regulators approve Indianapolis water utility transfer
State regulators on Wednesday approved a proposal to transfer control of Indianapolis’ water and sewer utilities to a local not-for-profit trust. The $1.9 billion sale will put management of the utilities into the hands of Citizens Energy Group.
Industrial support for utility sale to cost $1.5 million
The price to get big industrial firms like Eli Lilly and Co., National Starch and Rolls-Royce Corp. to support the sale of the city’s water and sewer utilities to Citizens Energy Group is at least $1.5 million.
Settlement caps Citizens Energy customers’ deal fees
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.
Indiana OKs 26-percent Indianapolis water increase
Regulators have approved a 26-percent rate increase for Indianapolis water customers, the Indiana Utility Regulatory Commission announced Wednesday, less than the 33.4-percent increase requested.
Water employee: Veolia falsified records to get bonuses
Testimony is part of effort to deny Veolia Water $29 million contract termination fee as part of utility sale. Group claims salaried employees owed millions of dollars.
Group opposes city plan to pay water manager Veolia $29M
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.
Council advances utilities transfer proposal
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.
Key vote ahead for utilities transfer
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.
Water, sewer utility sale passes another hurdle
Sale of city's water and sewer utilities faces showdown on Monday with full council vote.
Water, sewer sale clears another hurdle
The $1.9 billion deal still needs the OK of the City-County Council and state regulators.
Business groups bless Mayor Ballard’s utility sale plan
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
Veolia concessions worry regulators
Testimony filed in Indianapolis Water Co.’s rate case shows the city in 2007 agreed to take on millions of dollars in costs
from the private firm it hired to operate the utility, including $48 million in retiree medical plan obligations.
Waterworks board wants outside review of mayor’s utility plan
The waterworks board’s plan to hire outside consultants to study the proposed sale of Indianapolis Water could delay the deal.
City approval of Citizens Energy deal could come in May
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.
Department of Waterworks chief to address canal concerns
Matthew Klein has agreed to serve on a panel discussion concerning the canal: “Indy’s Central Canal—public
resource
or private pipeline?” during the Indiana University Law Environmental Symposium, April 1 at IUPUI’s Inlow Hall.
Official: Promised rate reduction key in $1.9B city water, sewer deal
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.
Citizens Energy to take over city’s water, sewer utilities
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.