Groundbreaking on Shelbyville Water Infrastructure
Officials from the city of Shelbyville and Greenwood-based Indiana American Water, a subsidiary of American Water Company (NYSE: AWK), are set to break ground Friday morning on a new water infrastructure project. The project is intended to provide additional water and treatment capacity for the growing city.
Indiana American Water says the $17.6 million investment will improve water system reliability and efficiency.
In June, the company broke ground on a new water treatment facility in Noblesville. The utility says the $18 million project also includes an additional groundwater well and a one million-gallon ground storage tank.
Also in June, the Indiana Utility Regulatory Commission approved a settlement agreement regarding a proposed rate increase by 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 company said the rate increase covers $542 million in water system upgrades and improvements it made during the period covered by the rate request.