Water Utility Rates
The PSCW issued a final rate determination on February 15, 2023 that will take effect on April 28, 2023. The approved rate increase will provided an additional $687,000 in annual revenue to the Water Utility and produce a rate of return of 6.6%. This rate of return is used by the PSC to maintain confidence in the Utility’s financial integrity without resulting in rates to customers that are excessive. The 2022 change to water rates represented a $7.27 increase to the monthly bill for the average residential water customer using 3,000 gallons per month, including public fire protection charges.