Indiana Utility Regulatory Commission
302 West Washington
Street, Room 306
Indianapolis Indiana 46204
317.232.2297 office
317.233.1982 fax
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.
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