The IURC has approved a settlement agreement between the OUCC and the City of Lafayette, setting new water rates for the first time since 2001.
The approved agreement will increase annual water revenues by $3.47 million and allow the City to issue up to $19.8 million in long-term debt. The two-phase increase will eventually raise a residential water bill for 5,000 gallons from $12.13 to $18.03, including fire protection charges.
Only the City's water rates were at issue in this case. State law does not give the IURC jurisdiction over municipal sewer utilities.
The case file for Cause Number 45006, including settlement testimony filed by the OUCC and the City, is available on the IURC website.
An IURC public field hearing was held in Lafayette on February 7, 2018. The OUCC issued a January 22, 2018 news release to announce the hearing and invite public comments.
For more information on the rate case process, please see our infographic and our Speaking Out on Pending Cases fact sheet.
5-18-18
