Board meetings, strategic plans, and buyer signals from Alejandro Valle’s organization
Feb 18, 2026·BoardMeeting
Board
Citizens Energy Group and CWA Authority, Inc. Minutes Of The Joint Meeting
The board discussed several items, including the appointment of a new board member and amendments to executive and standing committee memberships. Management requested approval for the Gas Cost Adjustment 169 filing for upcoming months. The Audit and Risk Committee presented the Fiscal Year 2026 First Quarter Financial Statements and provided updates on the internal audit strategic plan and advisory reviews. Financial reports included discussions on water financing, EBITDA projections, and the potential increase of the Citizens Water Capital Expenditure budget. The President and CEO provided updates on thermal energy and natural gas sales, steam supply contract improvements, ongoing water supply programs, and the progress of the Whitestown Water Acquisition project. Additionally, the board reviewed a corporate accountability survey, a paid media communication plan, and a regulatory proposal concerning wholesale sewer rates and a steam alternative regulatory plan. A resolution was passed regarding the revision of rates and charges for wastewater utility service for satellite customers. Finally, the board recognized the retirement of the Vice President of Information Technology.
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Board of Directors of Citizens Energy Group and CWA Authority, Inc. Annual Meeting Minutes
The boards reviewed financial updates and approved several resolutions concerning the issuance of bonds to fund infrastructure projects and refund outstanding debt for water, gas, and wastewater utilities. Actions included the election of board officers, the appointment of members to various executive and standing committees, and the confirmation of executive management for the calendar year. Additionally, the meetings addressed updates to corporate banking and wire transfer authorizations and included a review of the company's governance scorecard and performance metrics.
Dec 10, 2025·BoardMeeting
Board
Boards of Directors of Citizens Energy Group and CWA Authority, Inc. Joint Meeting Minutes
The board meeting covered several critical operational and financial items. The Boards approved various adjustments including Fuel Cost Adjustments, Gas Cost Adjustments, and the Universal Service Fund Rider. Financial reviews were conducted, leading to the approval of FY 2025 Year-End Financial Statements and the FY2026 audit engagement letter. The Compensation Committee's recommendations for executive compensation distributions and the retention of an external consultant for 2026 were approved. Additionally, the Boards received reports on credit ratings, internal audits, and the ethics code. A significant portion of the meeting addressed wastewater management, with updates on the Dig Indy project, sewer rehabilitation, and the formal approval of amendments to the industrial pre-treatment ordinance following a public hearing.
Aug 20, 2025·BoardMeeting
Board
Boards of Directors of Citizens Energy Group and CWA Authority, Inc. Joint Meeting Minutes
The boards approved multiple financial and operational resolutions, including fuel and gas cost adjustments, the creation of a new Distribution System Improvement Charge (DSIC) 4, and the authorization to file for a steam service rate case. Additionally, the boards approved the extension of the AES gas transportation contract and updated officer appointments for the remainder of the calendar year. A primary focus was the acquisition of the Whitestown Water Utility, involving the approval of an asset purchase agreement, a lease agreement, the issuance of bonds to finance the acquisition, and the implementation of an interest rate hedge to mitigate financial risk.
Extracted from official board minutes, strategic plans, and video transcripts.
