City Receives IURC Approval for Aqua Purchase, Closing Process Begins

FORT WAYNE, Ind. (WOWO): Monday afternoon, the Indiana Utility Regulatory Commission (IURC) approved the City of Fort Wayne’s plans to purchase the Aqua Indiana southwest water system. With the approval, the transaction closing process can begin. 

 

I continue to be encouraged by the progress we’re making in our efforts to meet the water needs of residents and businesses in southwest Fort Wayne. Today’s approval by the IURC is another step in the right direction,” said Mayor Tom Henry. “We’re committed to providing reliable and high quality water at an affordable price for all residents as we work together to invest in our neighborhoods, enhance our quality of life, and be a leader in job growth.”


According to a press release sent by city officials, closing is expected to take 30 days. Once completed, City Utilities staff members will begin the conversion process. In order to accommodate pipe connections, residents will be connected in phases that will take place over the next 10-12 months. The first neighborhoods will be connected within a few days of the completed sale late next month.

 

On the day the sale is complete, all of the 12,000 water customers in southwest Allen County will receive lower bills for water usage even though the phase-in process will not be complete. Residents will receive a letter in the mail detailing the time-line for connection and can access additional information at www.cityoffortwayne.org/aquatransition