FortWayne.com
 
  Text size  Increase text sizeDecrease text size      
Last updated: Fri. Dec. 07, 2012 - 04:15 pm EDT

Legacy announcement set for today

PHOTOS
 
Click on image to view.

FORT WAYNE – Mayor Tom Henry and Legacy Fort Wayne leaders are expected to announce Friday that several Legacy proposals are ready to be presented to City Council.

A news conference has been scheduled at 1 p.m. in the mayor’s office at Citizens Square to give a progress report and make the announcement, according to a statement issued Friday morning.

The city reached a $39.2 million settlement in October 2010 to sell its former electric utility and the rights to all its former customers to Indiana Michigan Power. In addition, the city has about $36 million in a trust account from leasing the utility to I&M for three decades.


Wednesday
Wednesday
High 65 °F
Low 44 °F
67 °F
Partly Cloudy
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 17698.18-77.94
Nasdaq 4880.23-20.66
S&P 500 2059.69-8.20
AEP 56.37+0.12
Comcast 57.06+0.59
GE 24.84+0.03
ITT Exelis 24.36-0.01
LNC 56.87-0.59
Navistar 28.81-0.69
Raytheon 107.59-1.66
SDI 19.78-0.32
Verizon 48.92+0.29
  Stock Sponsor