Indiana Utility Regulatory Commission
302 West Washington Street, Room 306
Indianapolis Indiana 46204
September 18, 2002
IURC APPROVES CHANGE OF SERVICE AREA FOR THE MUNICIPALLY OWNED ELECTRIC UTILITY OF THE CITY OF GREENFIELD
Today the Indiana Utility Regulatory Commission approved a change in the service area for the electric utility operated by the City of Greenfield.
In Cause No. 42209, the Commissioners agree that the company has the ability to render adequate and reliable service to the new area, which was recently annexed by the city. The area to be added to the service territory is located near County Road 100 South and Morristown Pike, and will be developed into a residential subdivision containing approximately 140 homes. Evidence submitted to the Commission finds that all owners, occupiers and consumers in the area prefer to receive electric service from the City of Greenfield.
Public service Indiana has utility property in the annexed area that provides electric service to six customers. The City of Greenfield will pay Public Service Indiana $14,107.20 in compensation for the lost revenue, and severance damages of one-tenth of one cent ($0.001) for each kilowatt hour of electricity sold to each new permanent service location in the annexed area for the next five years.
The City of Greenfield currently serves approximately 7,920 electric customers in and around the city.