Statement from Kumar Menon, Director of Fort Wayne City Utilities:
The decision made by the [Indiana] Supreme Court is about the procedure of review, not the value of the Aqua North Utility. While the [Indiana] Supreme Court decision brings some finality to this issue, CU [City Utilities] and Aqua Indiana are continuing negotiations for a fair settlement for the purchase of the North and the Southwest systems, that allows us to partner in Allen County and provide high quality services to residents.
We are evaluating the Supreme Court decision, but we, along with the residents of the northern system, stand by our decision to provide high quality, reliable water at an affordable price for the past four years and we look forward to serving them in the future.
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