| 2017-12-07 14:53:02|
AWK 14:53 12/07 12/07/17
Penn PUC approves settlement to let Penn American Water raise water rates
The Pennsylvania Public Utility Commission unanimously approved a settlement that allows Pennsylvania American Water to raise water and wastewater rates, effective January 1, 2018. The primary factor behind the rate increase is the approximately $1.26B of investments to replace and upgrade aging infrastructure since its last rate case in 2013. "We are pleased the commission has approved this fair and reasonable settlement, which balances our customers' interests with the much-needed investments we make to ensure reliable, quality service," said Pennsylvania American Water President Jeffrey McIntyre. "We appreciate the diligence and cooperation of the PUC Bureau of Investigation and Enforcement, Office of Consumer Advocate, Office of Small Business Advocate and other intervenors who made it possible to reach this settlement." McIntyre said the approximately $1.26B in improvements for treatment plants, storage tanks, wells and pumping stations reflect a commitment to protect public health in the more than 400 communities served by Pennsylvania American Water. The investments also include replacing nearly 450 miles of aging pipe, as well as valves, service lines, hydrants and other parts of the company's nearly 10,700-mile network of water and sewer lines. The typical monthly residential water bill for Pennsylvania American Water customers using 3,630 gallons will increase by $5.22 per month, from $55.63 to $60.85. When the new rates take effect January 1, it will be the company's first base rate increase in four years.