JOINT PETITION OF INDIANA-AMERICAN WATER COMPANY, INC. (“INDIANA AMERICAN”) AND THE TOWN OF SHERIDAN, INDIANA (“SHERIDAN”) FOR APPROVAL AND AUTHORIZATION OF: (A) THE ACQUISITION BY INDIANA AMERICAN OF SHERIDAN’S WATER UTILITY PROPERTY (THE “SHERIDAN WATER SYSTEM”) AND OF SHERIDAN’S SEWER UTILITY PROPERTY (THE “SHERIDAN SEWER SYSTEM”) (COLLECTIVELY THE “SHERIDAN SYSTEMS”) IN HAMILTON COUNTY, INDIANA IN ACCORDANCE WITH A PURCHASE AGREEMENT THEREFOR; (B) APPROVAL OF ACCOUNTING AND RATE BASE TREATMENT; (C) APPROVAL OF THE RATES AND CHARGES TO BE APPLIED TO THE SHERIDAN WATER AND SEWER SYSTEMS AFTER CLOSING; (D) APPROVAL OF APPLICATION OF INDIANA AMERICAN’S MUNCIE SEWER RULES AND REGULATIONS TO THE SHERIDAN WASTEWATER SYSTEM, WITH CHANGES TO ALLOW ENFORCEMENT OF AN INDUSTRIAL PRETREATMENT PROGRAM (“IPP”) AMONG OTHERS; (E) APPLICATION OF INDIANA AMERICAN’S DEPRECIATION ACCRUAL RATES TO SUCH ACQUIRED PROPERTIES; AND (F) THE SUBJECTION OF THE ACQUIRED PROPERTIES TO THE LIEN OF INDIANA AMERICAN’S MORTGAGE INDENTURE. |