Missouri American Water Files Rate Request
June 30 2017 - 4:36PM
Business Wire
Over $490 million of capital investments in
water and sewer infrastructure drives request
Today, Missouri American Water filed an application with the
Missouri Public Service Commission (MOPSC) requesting a change in
the rates for the company’s water and sewer customers.
Missouri American Water’s last general rate case was approved by
the MOPSC in July of 2016. Current rates will not change until the
MOPSC completes a thorough review and analysis of the request. The
regulatory process can take up to 11 months, and will include
opportunities for public comment. Customers can get detailed
information on the rate case filing at the company website,
www.missouriamwater.com.
The main driver of the rate case is the company’s investment of
more than $490 million in water and sewer improvements. These
infrastructure improvements to local water and sewer plants, pumps
and pipes enhance service quality, reliability, environmental
performance and fire protection for customers. Additionally,
increases in daily operating costs such as fuel and power continue
to raise the true cost of providing reliable water and sewer
service.
“These investments in plants, storage tanks, pumps and pipes are
necessary to enhance and maintain service reliability, water
quality and fire protection for the more than 150 communities
served by Missouri American Water,” said Cheryl Norton, President
of Missouri American Water. “Proper investment is needed so that we
can ensure that our customers continue to receive reliable service
that meets all regulatory standards.”
The need to improve water and sewer systems is a national
challenge. The American Society of Civil Engineers recently stated
an estimated $1 trillion of investment is needed across the nation
over the next 25 years in water system investments, and an
estimated $271 billion in sewer system investments. Increasing
regulations and stricter water quality standards continue to
contribute to increases in costs for service nationwide.
The company is requesting an annual revenue increase of $73.9
million for water customers and $800,000 for sewer customers.
This rate adjustment filing includes an extension of the
low-income rate that was a pilot project requested by the MOPSC in
the Northwest operations as part of the last rate decision.
Missouri American Water is proposing to offer the low-income rate
statewide. Customers that are eligible for utility assistance
through the Low Income Home Energy Assistance Program (LIHEAP)
would be eligible for reductions on water bills if this is approved
by the MOPSC.
Missouri American Water’s rates are based on the true costs of
providing water and sewer service as reviewed and approved by the
MOPSC.
Missouri American Water
Missouri American Water, a subsidiary of American Water (NYSE:
AWK), is the largest investor-owned water utility in the state,
providing high-quality and reliable water and/or wastewater
services to approximately 1.5 million people.
With a history dating back to 1886, American Water is the
largest and most geographically diverse U.S. publicly-traded water
and wastewater utility company. The company employs more than 6,700
dedicated professionals who provide regulated and market-based
drinking water, wastewater and other related services to an
estimated 15 million people in 47 states and Ontario, Canada. More
information can be found by visiting www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170630005756/en/
Missouri American WaterChristie Barnhart, Communications
Manager417-627-3800 x 1008Cell:
417-529-9781Christie.Barnhart@amwater.comorBrian Russell,
Communications Manager314-996-2239Cell:
314-825-3578Brian.Russell@amwater.com
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