JOINT PETITION OF INDIANA-AMERICAN WATER COMPANY, INC. (“INDIANA AMERICAN”) AND THE CITY OF CHARLESTOWN, INDIANA (“CHARLESTOWN”) FOR APPROVAL AND AUTHORIZATION OF: (A) THE ACQUISITION BY INDIANA-AMERICAN OF CHARLESTOWN’S WATER UTILITY PROPERTIES (THE “CHARLESTOWN WATER SYSTEM”) IN CLARK COUNTY, INDIANA IN ACCORDANCE WITH A PURCHASE AGREEMENT THEREFOR; (B) APPROVAL OF ACCOUNTING AND RATE BASE TREATMENT; (C) APPLICATION OF INDIANA AMERICAN’S AREA ONE RATES AND CHARGES TO WATER SERVICE RENDERED BY INDIANA AMERICAN IN THE AREA SERVED BY THE CHARLESTOWN WATER SYSTEM (“THE CHARLESTOWN AREA”); (D) APPLICATION OF INDIANA AMERICAN’S DEPRECIATION ACCRUAL RATES TO SUCH ACQUIRED PROPERTIES; (E) THE SUBJECTION OF THE ACQUIRED PROPERTIES TO THE LIEN OF INDIANA AMERICAN’S MORTGAGE INDENTURE AND THE POTENTIAL ENCUMBRANCE FROM RIGHT OF FIRST REFUSAL; AND (F) THE PLAN FOR REASONABLE AND PRUDENT IMPROVEMENTS TO PROVIDE ADEQUATE, EFFICIENT, SAFE AND REASONABLE SERVICE TO CUSTOMERS OF THE CHARLESTOWN WATER SYSTEM. |