The IURC has approved a settlement agreement between the OUCC and the Michigan City municipal water utility.
The agreement will grant the city its first water rate increase since 2004. A monthly residential bill for 700 cubic feet of water is expected to rise from $21.56 to $27.91, including fire protection charges. The agreement will also allow the city to issue up to $8.64 million in long term debt. The changes will cover the costs of proposed capital improvements, along with increases in operating and maintenance costs.
The OUCC issued an October 23, 2014 news release to invite consumer comments.
To review the rate case's file, visit the IURC's Electronic Document System and enter docket number 44538.
Municipal sewer/wastewater rates and charges are exempt from IURC oversight, with jurisdiction at the local government level.