New Jersey American Water Granted New Rates by New Jersey Board of Public Utilities
05 September 2024 - 6:15AM
Business Wire
Increase Driven by System Investments; New
Affordability Tariff Approved
The New Jersey Board of Public Utilities (BPU) today approved a
settlement between New Jersey American Water and the N.J. Division
of Rate Counsel and BPU Staff for new water and wastewater rates
for New Jersey American Water. The approved rates represent a total
annualized revenue increase of approximately $79.5 million.
The company’s rate request was filed on January 19, 2024, and
was primarily driven by more than $1.3 billion in infrastructure
investment in treatment system and distribution upgrades since its
last rate filing.
“We are committed to making appropriate investments to continue
to provide safe, reliable services, while maximizing efficiencies
to balance the impact to customers,” said Mark McDonough,
President, New Jersey American Water. “Our effective capital
planning helps keep water and wastewater services compliant with
state and federal regulations, reliable amidst the challenges of
climate and other impacts, and affordable for the 2.9 million
people we serve.”
The new rates will become effective September 15, 2024. With the
approved rate increase, the average bill for most water customers
with a 5/8” meter using 5,642 gallons per month will increase
approximately $5.33 per month. The bill for an average wastewater
customer will increase approximately $5.68 per month, depending on
the service area. Even with the new rates, the cost of
high-quality, reliable, water and wastewater service will remain
among the lowest household utility bills.
The company’s proposed Universal Affordability Tariff was also
approved as part of this rate filing and will be incorporated into
the company’s H2O Help to Others assistance program. Underscoring
the company’s commitment to affordability, this new tariff will
provide discounts on both the monthly fixed service charge and the
monthly usage charge for income-eligible customers. More
information about this and other assistance programs can be found
at www.newjerseyamwater.com under Customer Service & Billing,
Bill Paying Assistance.
Customers will receive information about the new rates in their
next New Jersey American Water bill. Information will also be
available on the company’s website at www.newjerseyamwater.com
under Customer Service & Billing, Your Water and Wastewater
Rates, or by calling 800-272-1325, Monday through Friday, 7 a.m. to
7 p.m.
About American Water
American Water (NYSE: AWK) is the largest regulated water and
wastewater utility company in the United States. With a history
dating back to 1886, We Keep Life Flowing® by providing safe,
clean, reliable and affordable drinking water and wastewater
services to more than 14 million people with regulated operations
in 14 states and on 18 military installations. American Water’s
6,500 talented professionals leverage their significant expertise
and the company’s national size and scale to achieve excellent
outcomes for the benefit of customers, employees, investors and
other stakeholders.
For more information, visit amwater.com and join American Water
on LinkedIn, Facebook, X and Instagram.
About New Jersey American Water
New Jersey American Water, a subsidiary of American Water, is
the largest regulated water utility in the state, providing
high-quality and reliable water and/or wastewater services to
approximately 2.9 million people. For more information, visit
www.newjerseyamwater.com and follow New Jersey American Water on
LinkedIn, Facebook, X, and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240904101922/en/
Media: Denise Venuti Free Senior Director of
Communications and External Affairs denise.free@amwater.com
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