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Posts from January 2019.

This article first appeared in the Indianapolis Business Journal on January 25, 2019

Capital comes in many forms. Generally, it can take the form of debt (personal and bank loans, credit card debt) or equity (common stock, preferred stock, etc.). Debt is based on an obligation to repay; equity is a piece of the action.

Thank you for being a part of the authoritative policy discussions on issues impacting life and business in Indiana during the 27th Annual BGD Legislative Conference at the Indiana Convention Center on Dec. 12, 2018. The impressive lineup of speakers, including 25 elected officials, and a robust agenda helped make this year’s conference another premier event; thank you again to event sponsors Casino Association of Indiana, Inside INdiana Business, Indianapolis Bar Association Government Practice Section and Hannah News Service!

A recent Indiana Court of Appeals decision provides valuable practice pointers for municipalities considering the sale of their utilities. Municipalities that do not comply exactly with statute when selling a utility do not necessarily doom the sale. The Court of Appeals’ ruling in NOW!, Inc. v. Indiana-American Water Company, Inc., __ N.E.3d __, 2018 WL 6837732 (Ind. Ct. App. Dec. 31, 2018)[1], affirmed the Indiana Utility Regulatory Commission’s (“IURC”) order approving the sale of the City of Charlestown’s (“City” or “Charlestown”) water utility to a private utility.

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