July 3, 2001

IURC APPROVES SETTLMENT ON RATES

Today the Indiana Utility Regulatory Commission approved a request by the Town of Culver to increase its rates and charges for water service.�� Under the terms of an agreement between the Town of Culver and the Indiana Office of the Utility Consumer Counselor, residents will see a 45-percent rate increase.

In Cause No. 41879, the Commissioners agreed that the increase is necessary to pay for capital improvements to the waterworks.� Over the next five years the city will replace hydrants, water mains, and distribution lines.� The utility will also switch to a Miox chlorination system.

Under the terms of the agreement, the Town of Culver will provide the Commission and the OUCC with a one-page summary of its progress on a semi-annual basis.� The first such summary should be filed by January 7, 2002, updates should be filed every six months thereafter through July 2006 or completion of the project, whichever comes first.

A customer who uses 5,000 gallons of water a month will see their bill go from� $12.47 to $18.08.� The minimum monthly bill, which is for up to 2,000 gallons will increase from $5.75 to $7.90.� Figures do not include fire protection service.

The Town of Culver provides water service to approximately 850 customers.

~30~

IURC News Release

Contact:� Mary Beth Fisher

For Immediate Release ������������������������������������������������������� ��������

July 3, 2001

IURC APPROVES SETTLMENT ON RATES

For Immediate Release ��