Regulators Approve Utility's Rate Increase to Recoup Infrastructure Costs
The Maine Water Company (Maine Water), a subsidiary of Connecticut Water Service, Inc. (Connecticut Water), today announced that the Maine Public Utilities Commission (MPUC) has approved a water rate increase for customers of Maine Water’s Biddeford and Saco Division, which serves 16,500 customers in the communities of Biddeford, Saco, Old Orchard Beach and Scarborough.
Maine Water requested an annual revenue increase of $1.57 million to begin recovery of nearly $5 million in water system upgrades and increased operating costs. Maine Water and the Maine Office of the Public Advocate reached an agreement that increases annual revenue by $1.56 million. The agreement was approved by the MPUC on Dec. 5.
“The MPUC’s approval of the rate application filed last June reflects our long-term strategy of investing in infrastructure to improve reliability and water quality for customers, timely recovery of infrastructure investments, and being good stewards of the environment by reducing water lost to leaks and reducing the chemicals and power used to treat that water,” David C. Benoit, interim president and CEO of Connecticut Water, said.
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