Fort Wayne Municipal Water Rate Case
New rates for the City of Fort Wayne's municipal water utility will take effect January 1, 2013.
The Indiana Utility Regulatory Commission (IURC) issued an October 17, 2012 order (21 pages) approving a settlement agreement among all of the rate case's formal parties (the City of Fort Wayne, the Indiana Office of Utility Consumer Counselor, the City of New Haven, and General Motors).
Under the agreement:
- Fort Wayne will proceed with needed capital improvements.
- The city may issue up to $40 million in bonds.
- Water rates will increase in three phases, at the beginning of 2013, 2014 and 2015.
- Monthly water charges for a residential customer in the city limits who uses 700 cubic feet will gradually rise from $17.73 (their current level) to $23.91 (when the third phase is implemented in 2015).
- Customers will save approximately $1.6 million over the next three years (compared to the city's original request).
The OUCC's settlement testimony (65 pages) offers additional information. To review settlement testimony from other parties and other documents in the rate case, please visit the IURC's public file and enter docket number 44162.
An IURC public field hearing was held on May 31, 2012 in Fort Wayne. The OUCC issued news releases on April 10 and May 14 to invite consumer comments.
This case only affects the city's water rates. Municipal sewer and stormwater rates are not under IURC jurisdiction.
10-19-12
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