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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