Tentative agreement on W.Va. water rate hike - WVVA TV Bluefield Beckley WV News, Weather and Sports

Tentative agreement on W.Va. water rate hike

CHARLESTON, W.Va. (AP) -- West Virginia American Water and state regulators say they've got a tentative agreement on a proposed rate increase.

 

 

The company and the Public Service Commission's Consumer Advocate Division say in a joint motion that they, along with the PSC's staff, have agreed in principle on a comprehensive settlement. They filed the motion with the PSC on Monday.

Details weren't immediately available. Spokeswomen for the company and the PSC tell media outlets that the agreement is expected to be presented to the commission on Tuesday.

West Virginia American Water had requested a rate increase of about 20 percent.

The company said the additional $24 million in revenue is needed to help pay for more than $85 million that it has spent to improve water lines and treatment plants since 2009.

Powered by Frankly