Item 7.01 Regulation FD Disclosure.
THE YORK WATER COMPANY ANNOUNCES SETTLEMENT OF RATE CASE Rate request recognizesYork Water's $176 million investment to improve the communities' water and wastewater infrastructure
York,
The new rates approved by the PPUC affect approximately 75,000 water and
wastewater customers throughout York,
Hand stated, "Although water and wastewater remain the most affordable
utilities, York Water is sensitive to economy-wide inflationary pressures and
increased costs for our residential and business customers. We believe this is a
fair and reasonable result that allows the Company to recover approximately
Hand cited the following examples of necessary investments to improve resiliency, reliability, and redundancy.:
• Relining, reinforcement, and replacement of 4.5% of the Company's water mains
to reduce costs and service interruptions caused by water main breaks;
• Rehabilitation and improvements to the
design and regulatory standards and to secure this important reservoir for a second century of service;
• Replacement of service lines, water meters, fire hydrants, and all known
Company-owned lead service lines;
• Replacement of customer-owned lead service lines when discovered at no direct
cost to the customer;
• Construction of a wastewater treatment plant to serve the growing wastewater
needs in the community;
• Enhanced physical and cyber security across certain physical and digital
assets.
Unlike the Company's uniform water rate structure, wastewater rates will
increase based upon the specific wastewater system. Hand noted that "some of the
wastewater increases are higher than others due to the low historical rates and
nominal investment made by previous providers and an effort to have all
wastewater customers pay the full cost to provide safe and reliable wastewater
service." The average monthly residential wastewater bill will increase by
approximately
The approved rates allow for a total increase of approximately
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THE YORK WATER COMPANY
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