IURC News Release

Indiana Utility Regulatory Commission                                   

302 West Washington Street, Room 306                                           

Indianapolis Indiana  46204                                                    

317.232.2297 office

317.233.1982 fax



Contact:  Mary Beth Fisher


For Immediate Release

December 4, 2002




Today, the Indiana Utility Regulatory Commission approved an order, in Cause No 42250, setting safeguards to protect Hoosier ratepayers if the Indiana-American Water Company is sold to the German based holding company, RWE. 


The Commission used the limited powers available to it in an effort to ensure reasonable rates and quality service in Indiana after the Indiana water company is acquired by foreign investors.


The Commission has learned from previous experience that the purchase of a regulated utility by a non-regulated holding company can result in the deterioration of customer service. After careful consideration of the evidence in this case, the Commissioners are not convinced that the benefits of the merged company will outweigh the potential risks to the citizens of Indiana.  The safeguards put in place by today’s order include:













 RWE is active in more than 120 companies on six continents.  Indiana-American serves 264,000 customers in 21 Indiana counties.