IURC Approves Indiana American Water Rate Increase

Posted: Updated:
(Image courtesy of Indiana American Water.) (Image courtesy of Indiana American Water.)

The Indiana Utility Regulatory Commission has approved a settlement agreement regarding a proposed rate increase by Greenwood-based Indiana American Water. The deal will result in the average residential customer seeing a total increase of about $2.50 on their monthly water bill. 

The utility reached the settlement with the Indiana Office of Utility Consumer Counselor in May. The OUCC says the agreement will generate $17.5 million in additional annual revenue for Indiana American Water. The original proposal filed in September had requested a $38.8 million increase.

"The Commission’s order brings a fair resolution to this case," Indiana Utility Consumer Counselor Bill Fine said in a news release. "The increase under the approved agreement is significantly lower than what IAWC had requested. More importantly, the agreement provides an appropriate balance between aging infrastructure improvements and fair rates to cover those costs, to help ensure the reliable delivery of clean water to the utility’s customers throughout the state."

The rate increase will occur in two phases. The utility says, for a residential customer using 4,000 gallons of water per month, the first phase would create an increase of 34 cents per month, which takes place Monday. The second phase will see an increase of $2.22 per month beginning in May 2020.

The agreement also includes the implementation of a low-income pilot program focusing on customers in Gary, Muncie and Terre Haute. It also resolves all issues related to the federal Tax Cuts and Jobs Act of 2017 and the proper sharing of federal tax relief with customers.

"We appreciate the cooperation of the Office of Utility Consumer Counselor and other interested parties in this proceeding to work toward and reach a negotiated settlement in this case," said Indiana American Water President Matt Prine. "We believe the terms embodied in this agreement and the IURC’s order are both reasonable and fair and in the best interests of our customers across the state."

  • Perspectives

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • The facility could be build within the River Ridge Commerce Center.

      Jeffersonville Being Considered for CBD Plant

      California-based Layn USA could soon establish operations in southern Indiana. One Southern Indiana, the economic development organization and chamber of commerce for Clark and Floyd counties, says the company has signed a purchase and sales agreement with the River Ridge Development Authority for a proposed $52 million CBD manufacturing facility. The project, the company says, would have the capacity to process a minimum of 5,000 tons of hemp biomass each year. As part of the...

    • (Photo Courtesy: Roche Diagnostics)

      Roche VP on List of Influential Women Executives

      An executive with Roche Diagnostics has joined an exclusive list of prominent and influential women, including Oprah Winfrey and Serena Williams.  Cindy Carlisle, Vice President of Human Resources at Roche Indy, was named to Savoy Magazine’s 2019 Most Influential Women in Corporate America. 

    • Hub & Spoke Aims to Fuel 'Purpose and Passion'

      The co-founder of a $16 million mixed-use development in Fishers says the project aims to have the biggest social impact possible. Officials broke ground Tuesday on Hub & Spoke, which will include a design center, coworking space and makerspace when completed. David Decker says the project is the first of its kind in the nation and seeks to help people find their purpose and passion and tie that into their vocation. In an interview with Inside INdiana Business Reporter...

    • New Mixed-Use Development Planned for Fishers

      A new mixed-use development is coming to Fishers. Thompson Thrift Retail Group has announced the development of The Station, an office building that is part of an overall project that includes a 150-room hotel, a future retail pad along 116th Street and nearly 40 3-story townhomes.

    • Rendering courtesy of Two EEs Winery

      Two-EE's Winery to Adopt New Age Policy

      Two-EE's Winery in Huntington has announced it will adopt a new age policy begining in August. Our partners at WPTA-TV report the winery will no longer allow people aged under 21 to visit the establishment due to ongoing problems with unsupervised or misbehaving children.