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.

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IPL wins retiree benefit dispute

Indianapolis Power & Light could have been on the hook for more than $100 million in retirement benefits, but a ruling this month by the Indiana Utility Regulatory Commission allows IPL to keep the money.

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Union says utility owes $115M

In a case with huge financial implications for Indianapolis Power & Light and Virginia parent AES Corp., a labor union and
16 IPL retirees have asked regulators to force the utility to pay up to $115 million to back-fund a retirement plan it spun
off in 2001.

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