Indiana Utility Regulatory Commission
302 West Washington Street, Room 306
Indianapolis Indiana 46204
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.