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Citizens Energy Group Announces $114 Million Water System Improvement Plan

4/10/2014
 

INDIANAPOLIS – Citizens Energy Group announced today it will invest nearly $114 million in its water system over the next two years. The investment will reduce costly water main breaks, expand sources of supply and improve water treatment plants. The investments will be funded by a water rate increase recently approved by the Indiana Utility Regulatory Commission (IURC) that raised the average residential customer bill less than $1 per month.

Years of under investment by previous owners has resulted in a water system that experiences 700 main breaks per year, wasting three billion gallons of water, or the equivalent of half of Geist Reservoir. Since acquiring the system in 2011, Citizens has invested $95 million to improve system reliability, water quality, and water treatment technology.

"We have begun to make progress modernizing the water system, but much work remains. The water distribution system, some of which is more than 100 years old, continues to be plagued by main breaks that not only waste water, but also destroy roads and interrupt service to tens of thousands of customers," said Carey Lykins, President & CEO of Citizens Energy Group. "The investments we will make over the next two years will reduce waste, improve reliability and create or support hundreds of construction jobs."

Among the projects to be completed over the next two years are a new ground water treatment plant near Morse Reservoir; stabilization of the banks of the historic Central Canal; a booster station to improve water pressure on the northwest side; and several large water main replacement projects.


About Citizens Energy Group

Citizens Energy Group provides safe and reliable utility services to about 800,000 people in the Indianapolis area. Citizens operates its utilities only for the benefit of customers and the community. Additional information is available online at Facebook - Twitter - LinkedIn - YouTube

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