By Mike Tony, Charleston Gazette-Mail
CHARLESTON, W.Va. — West Virginia American Water has made its annual request for an infrastructure improvement surcharge, part of the company’s proposal for a 22% increase in monthly rates for the average residential customer.
The company petitioned the state Public Service Commission last week to approve a surcharge of 1.87% of proposed water rates effective March 1, 2022, to cover an estimated $32.5 million investment next year in upgrading and replacing infrastructure.
The largest investor-owned water utility in West Virginia, the company filed rate requests with the state’s utility regulators in April seeking an additional $40.8 million in annual revenue for water and wastewater operations combined.
The company’s proposed base water rate increase is 19.7% above current rates, designed to cover $252 million in investments since its last base rate increase in 2019…
To read more: https://www.wvgazettemail.com/news/energy_and_environment/west-virginia-american-water-infrastructure-surcharge-proposal-part-of-planned-22-monthly-rate-hike/article_a5375daf-8096-5961-9dc1-e55d6422ced5.html