Group opposes city plan to pay water manager Veolia $29M
The city should refuse to pay the contract-termination fee given alleged defaults by Veolia, the consumer group says. Veolia is out after city sells the water company to Citizens Energy Group.
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Touted Build America Bonds may not be available for utility deal
Citizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
Veolia losing water contract, will get $29M termination fee
Playing a limited role under Indianapolis Water's new owner, Citizens Energy, wouldn't be profitable, Veolia says. Citizens plans to make job offers to "substantially all" Veolia employees.
Customer-service jobs likely casualty in utility merger
Consultant finds 23 or so customer-service jobs may be unneeded after Citizens Energy acquires city water and sewer utilities. Administrative jobs may also be on bubble, though most savings are from capital-related expenses.
Smooth utility deal carries potential bonus for city
If Citizens Energy can successfully manage and mitigate over the next two years the city’s lingering legal and contractual
obligations involving the water and sewer utilities Citizens is negotiating to buy, the city can hang onto an extra $25 million
in the deal.
City lands $13.8M more than expected from water deal
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and
sidewalk projects.
Council advances utilities transfer proposal
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to
transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.
Key vote ahead for utilities transfer
A plan to transfer the city's water and sewer utilities to Citizens Energy Group faces a key vote Monday night at a meeting
of the City-County Council.
Water, sewer utility sale passes another hurdle
Sale of city's water and sewer utilities faces showdown on Monday with full council vote.
Water, sewer sale clears another hurdle
The $1.9 billion deal still needs the OK of the City-County Council and state regulators.
Group forms to protect Pleasant Run watershed
Led by Sky Schelle, east-side residents have formed The Friends of Pleasant Run.
Business groups bless Mayor Ballard’s utility sale plan
Greater Indianapolis Chamber of Commerce and Builders Association of Greater Indianapolis support sale of water, sewer utilities.
Private water, sewer utilities propose sale to Cumberland
Gem Utilities Inc. and Gem Water Inc. have offered their sewer and water operations to the town of Cumberland for $6 million.
Veolia concessions worry regulators
Testimony filed in Indianapolis Water Co.’s rate case shows the city in 2007 agreed to take on millions of dollars in costs
from the private firm it hired to operate the utility, including $48 million in retiree medical plan obligations.
Waterworks board wants outside review of mayor’s utility plan
The waterworks board’s plan to hire outside consultants to study the proposed sale of Indianapolis Water could delay the deal.
City flush with energy-saving ideas for building
City-County Building energy-efficiency upgrades are set to be unveiled Tuesday afternoon. The nearly 50-year old landmark is the centerpiece of the city's greener-building initiative.
City approval of Citizens Energy deal could come in May
Citizens Energy should have completed the majority of its due diligence of the city’s water and sewer utilities, which
it plans to acquire, by the end of this month.
Ballard mimics Major Moves infrastructure-improvement plan
So far, in discussing his plan to sell the city’s water and sewer utilities, Mayor Greg Ballard has
emphasized the impact on utility rates, the $1.5 billion in city debt Citizens would assume, and the chance
to improve streets and sidewalks. But Ballard also has another key objective: business attraction and
expansion.
City utility deal treads in murky waters
A $1.9 billion proposal to sell the city’s water and sewer utilities splashed into public view last month, but some
financial details settling at the bottom line could make the deal harder to swallow.
Department of Waterworks chief to address canal concerns
Matthew Klein has agreed to serve on a panel discussion concerning the canal: “Indy’s Central Canal—public
resource
or private pipeline?” during the Indiana University Law Environmental Symposium, April 1 at IUPUI’s Inlow Hall.