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.
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.
The odor was so strong after the spill in December that residents in the upscale neighborhood called the gas company to report a leak.
A state investigation has turned up possible environmental-rule violations by a Fishers-based utility company related to the sewage overflow last December.
The Indianapolis-based utility said the average residential water customer would see monthly water bills increase from $31 to $34.
The biggest contributor to an $11.8 million loss in 2012 was the wastewater unit it bought from the city the year before.
The $91 million water and sewer deal is expected to improve water distribution between northeast and northwest suburbs.
Aecom, a global firm that also is one of the companies rebuilding the World Trade Center site in New York City, designed the Deep Rock Tunnel Connector, the linchpin of a tunnel system the city will build to handle sewage overflows during rain storms.
Indianapolis and Beech Grove wrapped up their decade-old dispute prior to the city’s official transfer of its water and wastewater utilities to Citizens Energy Group.
Stock-market swoon contributes to favorable terms on purchase of city’s water, sewer systems.
City officials are seeking bidders for the first phase of Indianapolis’ largest-ever public works project, an underground tunnel system equipped to store millions of gallons of raw sewage and prevent the excrement from flowing into local waterways.
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.
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.