August 21, 2018

CT Water inks rate settlement

PHOTO | Connecticut Water Co.
PHOTO | Connecticut Water Co.
A Connecticut Water truck outside Middlesex Hospital in Middletown.

The Connecticut Water Co., a water utility for more than 50 communities across much of the state, will book an additional $3.1 million in annual revenue, following a rate settlement.

The Connecticut Water Service subsidiary and the Office of Consumer Counsel negotiated the deal, which factors in costs related to replacing a water treatment facility in Rockville, offset by tax savings the company will receive from the recent federal tax cuts.

The average residential customer, using 15,000 gallons of water per quarter, will see a monthly bill increase of $2.37, Connecticut Water said.

The settlement bars the company from filing for a general rate case that would change prices sooner than Jan. 1, 2020.

Connecticut Water said customers of its other Connecticut holdings, Avon Water Co. and Heritage Village Water Co., will not see their rates change as a result of the settlement.

Richard Sobolewski, supervisor of technical analysis at OCC, said in a statement that the settlement balances trade-offs and compromises that reduce the impact on customers' rates and stabilize them for the next 16 months, while allowing Connecticut Water to continue to invest in its system.

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