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Settlement Reached in Citizens’ Water Rate Case

1/5/2016
 
INDIANAPOLIS- Citizens Energy Group and the Office of Utility Consumer Counselor (OUCC) announced today a Settlement Agreement in Citizens’ water rate case that was filed in June of this year. If approved by the Indiana Utility Regulatory Commission (IURC) in 2016, the average monthly residential water bill will increase approximately $5. The current average residential bill is $30 per month, depending on consumption.
 
As part of the initial filing, Citizens proposed a low-income rate that would have provided a 15 percent discount to low-income customers who qualified for the Indiana Energy Assistance Program. While that proposal was not included in the settlement, Citizens agreed to establish a low-income crisis fund. Citizens will use revenue received from cellphone tower leases to provide $100,000 to the low-income crisis fund each year.
 
“We are pleased with the settlement in our water rate case,” said Jeffrey Harrison, President & CEO of Citizens Energy Group. “Both parties have worked very hard over the last couple of months to negotiate a settlement that puts customers first while keeping in mind the revenue needed in order to make necessary infrastructure improvements to our water utility.”
 
Since acquiring the water utility in 2011, Citizens has invested more than $230 million in the system. That investment enabled Citizens to improve system integrity and reliability. Citizens has more than doubled the number of valves and fire hydrants replaced each year. Additionally, after the acquisition, Citizens began a water main replacement program to reduce water loss and operating costs. Finally, the Citizens Reservoir, a project announced in June of this year, will help ensure Central Indiana has an adequate drinking water supply for decades to come.

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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