Business Services Industry
West Virginia Water Company Seeks Permission for Rate Hike.
Knight Ridder/Tribune Business News, March, 2003
By Jim Balow, The Charleston Gazette, W.Va. Knight Ridder/Tribune Business News
Mar. 12--Citing inflation and security costs after the Sept. 11 terrorist attacks, West Virginia-American Water Co. asked state regulators Tuesday to approve a 16.4 percent rate increase. The increase would bring in $15.5 million more a year for the state's largest water company.
If approved by the state Public Service Commission, the rate increase would go into effect in January 2004 -- the earliest date allowed under terms of the sale of the water company's parent to RWE AG of Germany.
The full 16.4 percent increase would raise the current bill of $36.23 per month of a typical residential customer to as much as $42.17 a month.
Even before the...
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