Chesterton Tribune

 

 

Water Company customers to see lower bills

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Indiana American Water Company (IAWC) is announcing that customers across the state will soon start seeing lower monthly bills.

The decrease, which amounts to approximately $1.04 per month (or 2.77 percent) for residential customers using 4,000 gallons per month, is the result of the resolution of certain accounting issues related to the Tax Cuts and Jobs Act of 2017 (TCJA).

The Indiana Utility Regulatory Commission issued an order on June 24 approving a settlement agreement between IAWC, the Indiana Office of Utility Consumer Counselor (OUCC), and other interested parties on several accounting issues related to TCJA.

“Although it has taken some time to sort out the impacts of federal tax reform enacted in 2017, we are pleased to share some good news with customers during a time when many are facing financial challenges related to the COVID-19 public health emergency,” IWAC President Matt Prine said.

The decrease is in addition to a one-time adjustment to customers that is already being implemented and spread out over a 12-month period as a credit on customer bills and a previous TCJA-related decrease of 4.4 percent implemented in August 2018.

 

 

Posted 6/29/2020

 
 
 
 

 

 

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