CHARLESTON, WV (AP) – West Virginia American Water wants a nearly 5% rate increase for customers.
The utility asked state regulators last week to approve a the surcharge for infrastructure improvements, the Charleston Gazette–Mail reported.
West Virginia American said in its application that the proposed rate hike is based on planned capital projects and post–acquisition investment in troubled systems in 2023 totaling $48.7 million. The increased rates will allow the utility to recoup $10.9 million, the company said.
The proposed surcharge would be $2.88 monthly for average residential use, $12.59 for average commercial use and $337.47 for average industrial use, according to the filing.
The company requested that new rates to go into effect on Jan. 1.