Westfield approves water transfer to Citizens Energy
The Westfield City Council has voted to sell the city's water services to Citizens Energy Group.
The council vote 6-1 to approve the transfer of water and wastewater assets to Citizens for $91 million. The city announced it was "exploring the idea" of transferring the services in April.
"In the next five years, Westfield's growth is expected to continue, with more businesses attracted by improvements to U.S. 31, the addition of Grand Park and our world-class school system," Westfield Mayor Andy Cook said.
Cook says the transfer will allow the city to pay off debt and invest in necessary improvements related to its growth.
"We are very excited about the opportunity to expand our service to the growing Westfield community. By creating Citizens Utilities of Westfield, an integrated water, wastewater and gas utility, we will provide outstanding customer service as we ensure Westfield has the water supply and utility infrastructure it needs to continue growing," said Citizens President and CEO Carey Lykins.
The city is asking residents for input on how to direct the funds from the transfer into infrastructure improvements across the city.
The transfer still needs to be approved by the Indiana Utility Regulatory Commission, which could take up to nine months.