Actionable news
0
All posts from Actionable news
Actionable news in AWK: AMERICAN WATER WORKS COMPANY INC,

New York American Water Files Rate Request with the PSC

MERRICK, N.Y., Apr 29, 2016 (BUSINESS WIRE) -- New York American Water announced today that it has filed for a rate increase with the New York State Public Service Commission (PSC) that would raise revenues by $8.49 million. The company’s request includes lower operating expenses of approximately $1.9 million than previously authorized, as well as approximately $150 million in infrastructure projects to improve water service reliability and water quality. Property taxes account for more than 20 percent of the requested increase and over 30 percent of the company’s total revenues.

Infrastructure projects that are drivers of the rate filing include:

  • Completion of two iron removal treatment facilities in the communities of Roosevelt and Lakeview
  • Permitting and construction processes in progress for iron removal treatment facilities in Malverne and South Hempstead
  • Rehabilitation of a two-million gallon water storage tank in Oceanside
  • Replacing and rehabilitating more than 33 miles of aging water main, as well...

More