Water utility's settlement would lower customer rates
CHARLESTON, W.Va. (AP) — A settlement submitted to utility regulators calls for a reduction in the rates that West Virginia American Water charges its customers.
News media outlets report that customers could expect a small decrease in their monthly water bills for the next several months, if the settlement is approved by the West Virginia Public Service Commission.
The settlement calls for rates to be reduced by an average of 3.5 percent, effective Sept. 1, as a result of federal tax cuts. The average residential customer would see monthly water bill savings of $1.60, according to the company.
West Virginian American’s president says savings from the federal tax cuts will be passed along to customers, with plans to use the savings to lessen future rate increases.
West Virginia American is expecting new rates to be set in February.