A planned water rate increase for Bloomington utilities (CBU) customers will likely be put in place as planned on Jan. 1, 2022.
That was the big news out of Monday’s regular meeting of Bloomington’s utilities service board (USB).
At Monday’s meeting, CBU director Vic Kelson told the board that a settlement in principle had been reached last week with all the interveners in the case, which include Indiana University and Washington Township Water Authority.
Kelson told the USB he could not discuss any details, but the filing of the settlement with the Indiana Utility Regulatory Commission (IURC) is supposed to be done by Oct. 6, with a hearing set for Oct. 22.
The case for increased water rates is currently going through the IURC review process, after the Bloomington city council’s mid-March approval of the higher rates, which are to be phased in, with increases in 2022 and 2024.
Residential CBU customers will pay a total of 22 percent more over the course of four years.
Other customers like Indiana University, will see higher increases under the proposal, around double what residential customers will see.
The 22-percent increase brings the residential customer rate to $4.54 for every 1,000 gallons. Continue reading “Water rate increase: Bloomington reaches settlement “in principle” with IU, other rate case opponents”