High Water Costs Drive Rates Up; Report on Fire Hydrants Required
ALBANY, NY (10/14/2010)(readMedia)-- The New York State Public Service Commission (Commission) today authorized increases in United Water New Rochelle's rates for water service to meet federal and state water quality requirements and cover increased costs of water supply. The rate plan covers the period November 1, 2010 through October 31, 2014.
The Commission today adopted the terms of a Joint Proposal containing a four-year rate plan that spreads through 2014, the recovery of costs for ensuring a reliable supply of clean water, instead of recovery of these costs in just a single year. The impact of this action provides for a 10.15 percent annual total revenue increase each year of approximately $3.6 million in rate year one; $4.1 million in rate year two; $4.6 million in rate year three; and $5.1 million in rate year four.