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Breaking: Mayor’s statement on I&M Court filing

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Press release from the City:

Statement of Mayor Tom Henry on the Legal Action of Indiana Michigan Power:

During this time of mediation, when the City of Fort Wayne remains committed to good faith negotiations, I&M’s legal action today is discouraging.

No one is more invested in fairly settling the issues between the City and I&M than I am. My team and I are absolutely committed to the mediation process and look forward to future discussions with I&M despite the announcement today.

More than ever, I am determined to seek an outcome that is in the best interests of our community, one that fairly values the privilege of serving Fort Wayne electric utility customers, and that also protects ratepayers.

The lease between the City and I&M ensures that there will be no interruption of service. To those who live within our electric utility’s service boundaries, please know that your electric service will continue as usual. That is a promise.

As we reflect on I&M’s actions today, it is useful to remember why this issue is so important. The Fort Wayne electric utility is a unique and valuable asset that belongs to the people of this community. Serving its customers is a privilege that has significant worth. In these difficult economic times, I know every citizen is counting on me to safeguard this precious community asset and get the best deal possible.

I believe strongly that our electric utility: something so valuable, something that has been entrusted to me as Mayor, something that belongs to every Fort Wayne citizen, deserves to be protected. I am fighting for fairness and the rights of the people of Fort Wayne.

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