JOINT PETITION OF INDIANA-AMERICAN WATER COMPANY INC. (“INDIANA-AMERICAN”) AND THE TOWN OF LOWELL, INDIANA (“LOWELL”) FOR APPROVAL AND AUTHORIZATION OF: (A) THE ACQUISITION BY INDIANA-AMERICAN OF LOWELL’S WATER UTILITY PROPERTY (THE “LOWELL SYSTEM”) IN LAKE COUNTY, INDIANA IN ACCORDANCE WITH A PURCHASE AGREEMENT THEREFOR; (B) APPROVAL OF ACCOUNTING AND RATE BASE TREATMENT; (C) APPROVAL OF THE RATES AND CHARGES FOR WATER SERVICE IN THE AREA SERVICED BY THE LOWELL OPERATION; (D) APPROVAL OF APPLICATION OF INDIANA-AMERICAN’S RULES AND REGULATION FOR WATER SERVICE TO THE LOWELL WATER SYSTEM; (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. |