INDIANAPOLIS -- Customers of Citizens Water will save about $10 million if a settlement agreement with the Indiana Office of Utility Consumer Counselor is approved.
Under the agreement, Citizens Water will receive an overall increase of nearly 16.1 percent in its annual operating revenues. Citizens had asked for a 22 percent increase while the OUCC recommended an 11.9 percent increase.
If approved, the average monthly residential water bill will go up by about $5.
Fixed, monthly service charges for residential customers will not increase.
In addition, a crisis fund to help income-eligible customers with water bills will be created.
Citizens will give $100,000 to the fund each year..
The agreement must still be approved by the Indiana Utility Regulatory Commission.
It will not affect Citizens' sewer rates which are under review in a separate case.
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