Pennsylvania American Water Rate Case Settlement Includes Increased Funding for Low-Income Assistance Program
07 November 2009 - 5:45AM
PR Newswire (US)
HERSHEY, Pa., Nov. 6 /PRNewswire/ -- As part of the rate case
settlement approved today by the Pennsylvania Public Utility
Commission (PUC), Pennsylvania American Water will contribute an
additional $100,000 annually to assist low-income customers who
qualify for its H2O Help to Others Program(TM). The H2O Help to
Others Program(TM) is funded through a company match of customer
and employee donations. Under the settlement approved today, the
company match will increase from $150,000 to up to $250,000 per
year. The program offers assistance for qualified customers in the
form of grants of up to $500 per year, discounts on the monthly
service fee and water-saving devices and education. "We believe
this is a fair and equitable settlement that balances our
customers' interests with the company's need to recover costs
associated with our millions of dollars in capital investments and
increased operating expenses," said Pennsylvania American Water
President Kathy L. Pape. "We commend the Office of Consumer
Advocate and the other parties who worked with us to resolve the
case, and we are pleased that the Commission has accepted the
settlement." The typical monthly residential water bill for
Pennsylvania American Water customers using 4,200 gallons per month
will increase by $3.16 to $46.14 per month, keeping the cost of tap
water for most households at approximately one penny per gallon.
The settlement grants an increase of approximately $30.75 million
in annual revenue. The company had filed the rate request with the
PUC on April 24, 2009, seeking an annual revenue increase of
approximately $58 million. Pennsylvania American Water, a
wholly-owned subsidiary of American Water (NYSE:AWK), is the
largest investor-owned water utility in the state, providing
high-quality and reliable water and/or wastewater services to more
than 2 million people. Founded in 1886, American Water is the
largest investor-owned U.S. water and wastewater utility company.
With headquarters in Voorhees, N.J., the company employs more than
7,000 dedicated professionals who provide drinking water,
wastewater and other related services to approximately 15 million
people in 32 states and Ontario, Canada. More information can be
found by visiting http://www.amwater.com/. DATASOURCE: Pennsylvania
American Water CONTACT: Terry M. Maenza of Pennsylvania American
Water, +1-610-670-7789, ext. 123, Mobile: +1-610-849-6484, Web
Site: http://www.amwater.com/
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