Indiana American Water rates could increase in 2020

(photo supplied / Indiana American Water)

Indiana American Water customers could see their bills increase by nearly 8 percent by mid-2020.

That is, if a proposed settlement agreement between the utility, consumer advocates, industrial customers and other parties is approved.

The agreement was filed Monday with the Indiana Utility Regulatory Commission, which may accept, deny or change it.

The deal calls for a 7.9 percent increase in operating revenues based on the utility’s investment of more than $542-million in its water systems across the state.

Residential customers using 4,000 gallons of water per month would see their bills increase by a total of $2.41. An IURC settlement hearing is scheduled for April 11.