TITLE

Indianapolis OKs Bid To Sell Water System

AUTHOR(S)
Devitt, Caitlin
PUB. DATE
July 2010
SOURCE
Bond Buyer;7/28/2010, Vol. 373 Issue 33357, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
52721963

 

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