The Indiana Utility Regulatory Commission met today at 2:00pm and issued the final order in the case that determined if the City of Charlestown can sell our water utility to Indiana American Water. They decided to allow the sale.
“NOW’s Motion for Summary Judgment should be and is denied.” (ruling pg 40).
The entire ruling is posted in the link below.
It is important to note and remember that, regardless of how you personally feel about this sale,
After the sale was announced, NOW, Inc. obtained over 1,100 signatures on a petition that would have allowed this decision to be made by referendum by the PEOPLE.
The City responded to the petition by declaring the utility “distressed” after the petition was filed so that the referendum process could be avoided.
The Indiana Office of Utility Consumer Counselor (OUCC) recommended that the IURC deny the sale because they reviewed the case and found that the sale was not in the citizens’ best interest.
The city of Charlestown somehow knew that this sale would be approved ONE WEEK before the decision was announced and subsequently created a TIF of the utility that will siphon off over $5.4 million in tax money into a special fund.
Here is the entire ruling: Final Order IURC