Indianapolis votes for $425m water windfall
- From: Vol 11, Issue 6 (June 2010)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Citizens Energy
Cash-strapped municipalities dream of selling their water utilities to shore up their finances. One city has found a way of making it not look like privatisation.
The Indianapolis Board of Water Works has voted to approve the transfer of the city’s water and wastewater utilities to local energy company Citizens Energy in exchange for $425 million in funding. It is the first time that a large US municipality has monetised its water assets in this way in recent years, but strictly speaking it is not ...
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