Indiana American Water reaches settlement agreement on rate request
Yesterday, Indiana American Water announced an all -party settlement agreement regarding its rate request with the Indiana Utility Regulatory Commission (IURC) . The agreement is subject to approval by the IURC. Indiana American Water has invested more than $542 million in its water systems across the state to ensure reliable service to its customers. The agreement includes a 7.9 percent overall increase in operating revenues, primarily based on that investment. If approved by the IURC, the increases to water rates will be implemented in steps, with the first increase this summer of 1.73 percent and a second increase in mid-2020
