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Indy Water Rates Could Rise By 35 Percent
Officials Say Money Will Be Used For Capital Projects
POSTED: 4:54 pm EDT September 30, 2009
UPDATED: 5:15 pm EDT September 30, 2009
INDIANAPOLIS -- Indianapolis Water officials on Wednesday asked for a 35 percent rate hike, just months after a double-digit increase took effect.Waterworks officials said the capital would be used to make a $111 million investment in the city's drinking water infrastructure, including several federally mandated projects, 6News' Rick Hightower reported.The Indiana Utility Regulatory Commission approved an 11 percent increase this summer after the company slipped into debt amid the recession.
If approved by the IURC, customers could see the increase next summer. Officials said the average bill would increase by $8.There will be public hearing held on the proposed rate increase in January and May.More Information: Indiana Utility Regulatory Commission Indiana Office of Utility Consumer Counselor
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Previous Stories:
- September 24, 2009: Indianapolis Water To Ask For Second Rate Hike
- June 15, 2009: Groups Rally Against 'Excessive' Water Rate Hike
- March 6, 2009: Water Customers Outraged Over Bill Discrepancies
- February 20, 2009: Resolution For Emergency Water Rate Hike Approved
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