TITLE

Indianapolis Shifts Utility Ownership, Ops To Charitable Trust

AUTHOR(S)
Griffin, Jeff
PUB. DATE
October 2010
SOURCE
Underground Construction;Oct2010, Vol. 65 Issue 10, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the ownership and operation transfer of the water and wastewater utilities in the city of Indianapolis, Indiana to the Citizens Energy Group charitable trust in 2011. It highlights the impact of the move on the city including the removal of its 1.5 billion public debt and the generation of funds for the Department of Public Works' projects. According to Ryan Vaughn, president of the city council, the transaction is the most significant step for the city's development.
ACCESSION #
54966980

 

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