West Virginia American Water filed an application with the Public Service Commission of West Virginia Friday requesting a general rate increase as well as a rate increase for its wastewater customers in Fayetteville.
According to a press release, the company is requesting a 19.7 percent, $24 million, annual revenue increase.
If granted, West Virginia American estimates that residential customers would see an $8.13 per month increase.
Based on 3,315 gallons of usage, an average monthly bill would go from $39.11 to $47.24.
“This rate request is driven by the prudent and necessary capital investments that we’ve made to maintain and upgrade our infrastructure, and to ensure that our drinking water continues to meet all quality standards,” said Jeffrey L. McIntyre, president of West Virginia American Water.
West Virginia American Water was granted a 4.4 percent rate hike by the Public Service Commission in April 2011 after requesting a 15 percent increase.
Additionally, West Virginia American is requesting a rate increase for wastewater customers. The company owns one wastewater system in Fayetteville, the Fayetteville Wastewater Treatment Plant.
This requested rate increase would increase the average residential monthly sewer bill from $35.78 to $65.81.
According to the press release, the water company has not requested a rate increase for this system since its acquisition in 2008 and the company invested $682,000 in infrastructure improvements between 2008 and 2011 to bring the system into regulatory compliance.
The Public Service Commission will review the rate applications and will have up to 300 days to review the filing. New rates in this case would not be effective prior to Oct. 10, 2013.
See upcoming editions for more on the Fayetteville rate increase request.