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Indiana American Water Company's (IAWC's) current base rates were approved in January 2015.
In its 139-page order, the IURC approved settlement agreements reached between the OUCC and IAWC, and with all intervening parties in the case. Under the approved agreements, IAWC is authorized to raise its annual operating revenues by 2.55 percent. By comparison, IAWC requested a 9.8 percent increase when it filed its case in January 2014.
The OUCC's November 21, 2014 news release offers an overview of the agency's agreement with IAWC.
The IURC public file for the rate case is available by clicking here and entering cause number 44450.
In its litigation position, the OUCC recommended a rate decrease as summarized in the agency's May 5, 2014 news release. The OUCC also issued a March 17, 2014 news release inviting consumer comments and announcing the IURC's April 2014 public field hearings in Franklin and in Gary.
IAWC's previous base rates received IURC approval in June 2012.
In addition to general rate cases, Indiana law (IC 8-1-31) allows water and sewer utilities to seek expedited rate recovery as often as once per year to replace infrastructure (such as aging distribution lines) that has exceeded its useful life.
This surcharge is referred to as the Distribution System Improvement Charge (DSIC).
In Cause No. 42351-DSIC 9, IAWC received IURC approval for a surcharge raising rates by 1.95 percent.
In Cause No. 42351-DSIC 10, IAWC is seeking approval to increase the surcharge to 6.62 percent.