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Water works board prepares rate-case filing after unanimous city council support for bond resolution
Summary
Board staff said the utility will file a water-rate case this week and that the Michigan City Common Council unanimously approved a resolution supporting issuance of waterworks revenue bonds; staff said council support will be included in legal filings as the utility prepares to sell bonds after any rate-case approval.
The Michigan City Water Works Board discussed preparations for a planned rate case and the related need to sell revenue bonds, and staff said the city council has offered formal support. Staff told the board on Dec. 23 that rate-case documents should be filed this week and that information from the Michigan City Common Council’s unanimous supporting resolution will be shared with the utility’s attorneys.
Board staff said the board…
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