Indianapolis OKs Bid To Sell Water System

Devitt, Caitlin
July 2010
Bond Buyer;7/28/2010, Vol. 373 Issue 33357, p1
Trade Publication
The article reports on the Indianapolis-Marion County City County Council's approval of a bid to sell the water and sewer systems of the city to Citizens Energy Group in Indiana. It notes that Citizens will pay at least 425 million dollars and assume about 1.5 billion dollars of outstanding debt for the assets. The purchase agreement also includes 30 years increase in the size of sewer district payments.


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