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Update - Utility Transfer For ACEC 10-12-11

Update - Utility Transfer For ACEC 10-12-11. Distributes natural gas to Marion County & Westfield. Distributes steam and chilled water to downtown area. Non-utility businesses. Utility Transfer Acquisition At A Glance.

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Update - Utility Transfer For ACEC 10-12-11

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  1. Update - Utility Transfer For ACEC 10-12-11

  2. Distributes natural gas to • Marion County & Westfield • Distributes steam and chilled • water to downtown area • Non-utility businesses

  3. Utility Transfer Acquisition At A Glance • Acquire Indianapolis Water system serving 1 million customers in 6-county area – system previously operated by Veolia Water now operated by staff transferred to CEG • Acquire Indianapolis wastewater system serving 800,000 people in Marion County – system operated by United Water • Citizens assumes $1.9 billion in water and wastewater debt • Citizens pays City $262.6 million • City of Indianapolis monetizes Payment in Lieu of Taxes (PILOT) on wastewater system -- $140 million

  4. Utility Transfer Benefits • Removes systems from politics • Preserves local, public ownership by non-profit trust • Placement with professional utility operator • Wastewater rates determined by Indiana Utility Regulatory Commission (water already regulated) • Synergies provide annual savings > lower rate increases • ~$425 million in proceeds to be used by City for street, storm water and other infrastructure needs • Improved quality of life for community

  5. Citizens Commitments • Safe, high-quality water & wastewater service • Continue system investments including: • $3.5 billion Combined Sewer Overflow Consent Decree, STEP & System Recapitalization/Rehabilitation Program • Continue Septic Tank Elimination Program – 7,000 by 2013 • Achieve $60 million in annual savings • Reduce rate increases 25% by year 2025

  6. Utility Transfer Transition • Virtually all Water (Veolia) employees retained • Contract with United Water as wastewater operator retained • 35 employees from DPW & DOW retained • Operating wastewater business under the “Citizens Water” brand • Citizens Water assuming responsibility for Industrial Pre-Treatment Program including enforcement • Future responsibility for Private Development & Building Service permitting currently performed by DCE • Day 1 for New Citizens - August 26, 2011

  7. Capital Planning and Engineering Team • Energy Distribution Engineering- Mike Sullivan • Wet Distribution Engineering – Steve Nielsen • Plant Engineering - Dave Kiesel • Special Projects – Mark Jacob • Asset Mgnt/Tech Services – Mark Vogler • Program Management – Andrea Derrer

  8. 45 Day Update – CP&E • New employees & roles • Indianapolis Dept. of Public Works • Veolia • Employee work locations • Continued relationship with design and engineering firms • Project delivery • Evaluating project management software solutions

  9. CEG Procurement • Procurement Team • Jeff Ford (Director of Procurement) • Kris Lang (Purchasing Agent) • CP&E Procurement Coordinator • Richard Wise (Diversity Administrator) • Diversity Goals • 15% MBE - 8% WBE - 3% VBE • Sourcing of Consulting Services • Invited List • Quality Based Selection

  10. Environmental Team • General Activities • Staffing • NPDES permits process changes • IPP Process • Environmental Reporting • Long Term Control Plan/Consent Decree • Responsibility • Delivery

  11. Rates and Regulations • City code to “Terms and Conditions” • Board Resolutions • IURC Technical Conference for “Terms and Conditions” • Environmental Tracker process development also in Technical Conference

  12. Questions? More information at www.CitizensEnergyGroup.com

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