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.
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