ProLiance Energy sold to Dallas company
Indianapolis-based ProLiance Energy, which has lost tens of millions of dollars in recent years amid falling natural gas prices, is being sold to Dallas-based Energy Transfer Partners.
Citizens Energy Group
Articles
Crew making quick progress on Citizens Energy sewage tunnel
The Deep Rock Tunnel is the largest public-works project in the city’s history, and Citizens customers are already paying for the first phase, which cost $444 million.
Downtown steam-plant customers face steep rate increase
About 200 downtown business and industrial customers would pay an average of 12.9 percent more for steam services under a rate-increase proposal by Citizens Energy Group.
Water, sewer utilities stink up Citizens’ earnings
The biggest contributor to an $11.8 million loss in 2012 was the wastewater unit it bought from the city the year before.
Citizens Energy CEO Lykins enjoys big pay boost
Citizens Energy Group—a not-for-profit, public charitable trust—doubled its size last year with its $1.9 billion purchase of the city’s water and sewer utilities last year. It also doubled the pay of CEO Carey Lykins.
Citizens plans new unit to sell liquefied natural gas
Citizens Energy Group’s multistate transportation and industrial fueling subsidiary would market the gas as an alternative vehicle fuel.
Authorities seek cause, assess damages of fatal explosion
Indianapolis Deputy Code Enforcement Director Adam Collins said 80 homes were damaged in the Richmond Hill neighborhood, including 31 houses that might need to be demolished. He estimated the damage at $3.6 million.
Citizens’ Westfield utility acquisition will help with broader system needs
The $91 million water and sewer deal is expected to improve water distribution between northeast and northwest suburbs.
Citizens Energy to roll out combined bills
Gas, water and sewer charges will be consolidated into one mailing to reap savings promised in merger of gas, water utilities.
Citizens Energy looking to fuel big rigs
Local utility trust Citizens Energy Group plans to sell liquefied natural gas for use in cross-country semi trucks as a lower-cost alternative to diesel fuel.
Purchase of city water utility lifts Citizens Energy’s profits
The $1.9 billion sale of the city’s water and sewer utilities was a profit gusher last year for buyer Citizens Energy Group—at least on paper. Dwarfing the returns of its gas, thermal and other divisions, the newly renamed Citizens Water turned a profit of $53.4 million.
Citizens not ready to get behind historic designation for Central Canal
Preservationists want protections for the historic waterway, but the utility that just bought it is afraid National Register status will cause unintended consequences.
Citizens Energy projects bigger savings from deal
Cost-savings tied to the purchase of the city’s water and sewer utilities are also expected to be realized sooner than predicted.
ProLiance might go on block
Indianapolis-based ProLiance, a natural-gas marketer and supplier, was singed by a $57.2 million pretax loss in the first nine months of 2011, causing some analysts to wonder if majority owner Vectren Corp. will try to sell its 61-percent stake in the company.
Citizens to convert downtown steam plant from coal to gas
Citizens Energy Group plans to switch the primary power source for its Perry K Steam Plant in downtown Indianapolis from coal to natural gas, the utility announced Wednesday. The conversion will cost about $9 million.
Gas utilities expect heating bills similar to last year
Citizens Gas says that if winter temperatures are normal, Marion County customers will pay just a few dollars more on their heating bills this winter, compared to last year.
Citizens Energy gets interest-rate bargain on bonds sold for utility purchase
Stock-market swoon contributes to favorable terms on purchase of city’s water, sewer systems.
Chamber names former utility leader as interim president
Past board chairman David N. Griffiths will fill in for Roland Dorson, who resigned as president of the Greater Indianapolis Chamber of Commerce last week in the wake of a dispute with board leaders.
Citizens Energy Group pipelines pass internal review mandated by feds
Citizens has more than 120 miles of transmission pipe and hundreds of miles of gas service lines.
Citizens CEO making more than peers at bigger utilities
Citizens Energy Group CEO Carey Lykins’ 2010 pay package, salary and bonus, totaled $1.6 million, more than his counterparts at the three largest municipal gas utilities in the country.