Wednesday, July 10, 2013

West Virginia regulators considering final OK of 7 percent water rate increase


About 171,000 water customers in West Virginia are looking at a possible 7 percent rate increase.

The increase is the result of a settlement between West Virginia American Water Co., the staff of the Public Service Commission and its consumer advocate division.

The Charleston Gazette says PSC commissioners are considering final approval Tuesday afternoon.

The rate increase would generate about $8.1 million annually for the company, and the company would not seek another rate increase until 2015 at the earliest.

The utility had requested a rate increase of more than 20 percent.