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.
Related News
From Archive
- OSHA investigates fatal trench collapse at Conroe construction site
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Texas811 launches real-time excavation detection to prevent utility strikes
- Oil pipeline struck during fiber optic construction spills into L.A. storm drains
- Fiber drilling strike triggers major sewer failure, lawsuits in Florida
- Fatal trench collapse in Mass. leads to $4.6 million OSHA penalty, dozens of violations
- Texas811 launches real-time excavation detection to prevent utility strikes
- Race Communications breaks ground on Bakersfield fiber network
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Inside Infrastructure: Utility locators warn of systemic failures in damage prevention process
Comments