Indiana Utility Regulatory Commission
302 West Washington
Street, Room 306
Indianapolis Indiana 46204
317.232.2297 office
317.233.1982 fax
June 12, 2002
IURC OPENS INVESTIGATION OF INDIANA
AMERICAN WATER
Today in Cause No. 42250,
the Indiana Utility Regulatory Commission (IURC) opened an inquiry to study the
impact of the proposed sale of Indiana American Water to German based RWE AG,
an international multi-utility company.
Indiana-American is an
Indiana based Company which provides water utility service to approximately
264,000 customers in 21 Indiana counties.
Its corporate offices are located in Greenwood, Indiana.
The Commissioners want to
take a closer look at the company’s plans. Some of the issues to be reviewed
include:
1. Financial impact on customers and possible impact
on rates.
2. Anticipated quality of service.
3. Changes in the management.
4. Any losses
or changes in personel, facilites or equipment that could impact customer
service.
The Commission has a
statutory obligation to investigate these matters and Indiana law gives the
Commission the authority to rectify any perceived inadequacies in the utility’s
practices.
Law requires that a
procedural schedule be set 10-days after the company is notified of the
investigation.
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