VOORHEES, NJ—New Jersey American Water has filed a petition with the New Jersey Board of Public Utilities (BPU) for new rates seeking recovery of the significant investment the company has made in the State's water and wastewater infrastructure since its last rate increase in 2012.
“In less than three years, we have invested more than $775 million in infrastructure upgrades and replacements, including more than 160 miles of new water main,” says William Varley, president of New Jersey American Water. “At the same time, we reduced our business operating costs by approximately $19 million.”
The company says the new rate request increase residential water bills by just under 17 cents per day on average, and raise revenues by approximately $66 million, the smallest requested increase by the company in a decade.
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