TWO STEPS BACK
- From: Vol 11, Issue 11 (November 2010)
- Category: Need to know
- Country: Egypt, France, Japan, Spain, Uganda and United States
- Related Companies: Citizens Energy, Ministry of Economy, Trade and Industry (METI), Pennichuck Water, Suez Environment , United Water and Veolia
* Indianapolis is terminating Veolia’s contract to run water services for the city, following its decision to sell its water and wastewater utility to local non-profit Citizens Energy.
Veolia will get a termination fee of $29 million, but the city hopes ratepayers will be better off in the long run, as Citizens Energy is promising $60 million a year in cost savings after three years of integration. Citizens, which has never run a water utility before, believes it will find the savings “in the supply chain” without needing ...
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