York Water Asks Public Utility Commission for 17% Rate Increase

York Water Co. (YORW), the oldest investor-owned water utility in the U.S., filed for an almost 17 percent rate increase with the Pennysylvania Public Utility Commission to raise about $7.1 million in annual revenue.

Chief Executive Officer Jeffrey Hines said today in a statement the company filed for the raise after making $49 million in infrastructure improvements since its last rate increase in 2010, including wastewater upgrades. If approved, the increase and a 25 percent raise for wastewater customers will help York replace 30 miles of aging pipeline and cut leak losses for about 190,000 people it serves, York said.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.