IURC News Release

Indiana Utility Regulatory Commission

302 West Washington Street, Room 306

Indianapolis Indiana 46204

317.232.2297 office

317.233.1982 fax

www.IN.gov/iurc

 

Contact: Mary Beth Fisher

 

For Immediate Release

December 20, 2001

 

IURC SETS FIELD HEARINGS FOR INDIANA AMERICAN WATER RATE CASE

 

There will be four field hearings across Indiana, as the Utility Regulatory Commission considers a request for a rate increase by Indiana American Water.

 

In Cause No. 42029 the hearing dates are as follows:

 

January 9th-Indianapolis, IN

Indiana Government Center South, Room TC-10

302 West Washington Street

Indianapolis, IN

January 14th--Somerset, IN

Somerset Community Building

Somerset, IN

 

January 17th--Gary, IN

Gary Common Council Chambers

City Building, Second Floor

401 Broadway

Gary, IN

 

January 29th--Jeffersonville, IN

Commissioners Conference Room

501 East Court Ave., Room 308

Jeffersonville, IN

 

All hearings are at 6:00 pm, local time

 

The amount of the proposed increase varies from city to city.

 

 
PROPOSED RATE INCREASE BY CITY

 

DISTRICT

Current rates

Proposed Phase 1

% Increase

Proposed Phase 2

% Increase

Proposed Phase 3

% Increase

% Overall increase

GROUP 1: Kokomo, Noblesville, Seymour, Somerset & Summitville

$26.63

$28.31

6.31%

$28.80

1.73%

$0.00

0.00%

8.15%

GROUP 2: Muncie, Johnson County (Franklin & Greenwood), Richmond, Southern Indiana (Jeffersonville, Clarksville & New Albany) & Wabash Valley (Terre Haute, Farmersburg & Sullivan)

$22.44

$24.50

9.18%

$25.04

2.20%

$0.00

0.00%

11.59%

GROUP 3: Crawfordsville, Newburgh & Shelbyville

$21.30

15.00%

17.56%

WABASH

$17.73

$21.55

21.55%

$21.55

0.00%

$0.00

0.00%

21.55%

NORTHWEST INDIANA

$15.51

$18.22

17.47%

$23.20

27.33%

$23.27

0.30%

50.06%

UNITED: Mooresville

$22.58

$25.77

14.13%

$0.00

0.00%

$0.00

0.00%

14.13%

Warsaw

$22.36

$23.05

3.09%

$0.00

0.00%

$0.00

0.00%

3.09%

West Lafayette

$15.94

$16.31

2.32%

$0.00

0.00%

$0.00

0.00%

2.32%

Winchester

$16.40

$20.05

22.26%

$0.00

0.00%

$0.00

0.00%

22.26%

Somerset (Sewer)

$38.31

$40.64

6.08%

$41.54

2.20%

$0.00

0.00%

8.43%

Muncie (Sewer)

$33.43

$37.56

12.35%

$38.39

2.20%

$0.00

0.00%

14.84%

 

 

         The first step: An immediate 10.71% increase in company revenue to generate $12,722,176 additional revenues.

         The second: An estimated 8% increase to produce additional $10,518,535 in company revenue and should be implemented after the new tunnel in the Northwest Service Area is placed in service.

         The third step: An estimated 0.09% increase in company revenue occurs after retiring the existing tunnel to produce $123,402 more in revenues.

 

 

The public is encouraged to attend.

 

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