Westfield sells water, sewer utilities to Citizens Energy Group
City council votes 6-1
Last Updated: 400 days ago
WESTFIELD, Ind. - The Westfield City Council has voted to sell the city's water and sewer utilities.
The council voted 6-1 in favor of the measure, which cedes control of the utilities to Citizens Energy Group.
The sale of the utilities will generate an estimated $91 million, which will be used to pay off Westfield's $45 million utility infrastructure debt.
The remaining proceeds will be put toward infrastructure projects including building traffic roundabouts and improving the Monon Trail.
Citizens was one of three private companies that submitted bids for Westfield's utilities during a public bidding process.
"We are very excited about the opportunity to expand our service to the growing Westfield community. By creating Citizens Utilities of Westfield, an integrated water, wastewater and gas utility, we will provide outstanding customer service as we ensure Westfield has the water supply and utility infrastructure it needs to continue growing, said Carey Lykins, president and CEO of Citizens Energy Group, in a news release.
The City of Westfield and Citizens Energy Group have agreed that current employees of the Westfield utilities would not lose their jobs as a result of the sale.
Citizens said employees could expect pay and benefits that are competitive with their compensation package as city employees.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.