The IURC has approved a settlement agreement between Eastern Bartholomew Water Corporation and the OUCC in the utility's recent rate case. The agreement and supporting testimony were filed with the IURC on July 18, 2017:
Any settlement agreement before the IURC can be approved, modified, or denied. If the agreement is approved:
- Eastern Bartholomew Water will receive a two-phase increase of about half its original request.
- For a residential customer using 5,000 gallons per month, water charges will rise from $22.83 to $25.67 in the first phase. In the second phase, the charges will rise to $28.45. By comparison, the utility's original request would have increased the rate to $33.77.
- The utility is authorized to borrow up to $7.4 million in long-term financing to build a new water treatment plant.
The OUCC issued a May 4, 2017 news release to invite written consumer comments. An IURC public field hearing was held on May 18, 2017 in Taylorsville.
For more information on the rate case process, please see our infographic and our Speaking Out on Pending Cases fact sheet.
To view the case file, click here and enter cause number 44903.
Eastern Bartholomew's previous rates were approved in 2008.
11-22-17