CHARLESTON, W.Va. — West Virginia American Water customers can expect to pay more than $6 extra a month on their average bill in the near future.
Late Wednesday, the Public Service Commission approved an $18.2 million — or 15.1 percent — annual increase for American Water, the largest water company in the state. The company serves about 4 out of every 10 West Virginians.
“While it is never easy for the customers to accept any rate increase, the commission has determined that a rate increase of $18.2 million for water customers is warranted based on the thorough review of the extensive record in this case,” commissioners wrote.
The order will raise the average residential customer’s bill by $6.26, to $47.53 per month — or $570 per year — for the 3,265 gallons of water that those customers use, and will give American Water an additional $151,324 annually for its sewer operations in Fayette County.
On Thursday, American Water officials said they needed the increase largely because of past investment in their system and because they “recognized the need to improve the company’s economic stability in light of increasing infrastructure investment needs.”
The roughly $18 million increase ends a highly contested 10-month regulatory process…