Tuesday, March 9, 2010

City of Indianapolis Ready to Announce Water, Sewer Deal?

From the Indianapolis Star:
Mayor Greg Ballard will hold a news conference tomorrow morning with the chief executive officer of Citizens Energy Group, according to a news release issued by the city today.

Citizens Energy Group, a public charitable trust and local natural gas operator, is among the entities that have been in discussions with the city about a potential merger of Indianapolis' water and sewer utilities.

About two dozen companies, including Citizens, responded last summer to a request for ideas about how to combine the utilities and generate savings that could go towards minimizing rate increases and improving roads, bridges and sidewalks.

The news conference will be at 9 a.m., at the City-County Building.
When is the time for public input on this deal? After the deal is cut in the backroom?

These long-term privatization deals are never about what privatization is supposed to be about - leveraging market competition to provide quality services cheaply. They are usually about some big fat cat political contributor being granted a monopoly over the provision of a service and the taxpayers suffer the consequences.


guy77money said...

The envelope please........ ta ta ta ta ta... And the WINNER IS 'CITIZEN GAS' the details to be brought to light at todays 9 A.M. press conference.

Downtown Indy said...

Since Citizen's is a so-called public charitable trust, whose money is really being handed over to the city?

And why don't the beneficiaries of that Trust get a say?

I can't help but feel the only real purpose of this deal is to move OUR money from OUR Trust to the City in lieu of an out-an-out tax increase.

M Theory said...

Citizen's Gas charges me as much as $155 per month for service and delivery charges.

I questioned this charge on my bill and the exclaimed that is how much they need to oversee the admin of my account and maintain gas lines.

Now, I've lived in my house for 12 years. I've never had to touch any of the copper plumbing or gas lines.

They are full of it! It's extortion by a utility monopoly.

Marycatherine Barton said...

I so terribly sadly agree with Paul's last paragraph, and share the pain of all three commentators. The gap between the super rich and the rest of us, has just been upped a notch. What middle class?