Hawaii American Water Reaches Revenue Settlement to Fund Infrastructure and Service Improvements
May 06 2022 - 10:41PM
Business Wire
Settlement reinforces Company’s commitment to
providing reliable wastewater service that contributes to the
protection of the environment
Hawaii American Water has filed a settlement agreement with
Consumer Advocates at the Hawaii Public Utilities Commission (HPUC)
on new rates for its Hawaii Kai customers. This is the first time
Hawaii American Water has adjusted rates for these customers since
2011 and the updated rates are expected to go into effect in July
of this year. In the last decade, Hawaii American Water has made
improvements that protect the environment by adding additional
disinfection, increasing renewable energy use and reducing
waste.
The new rates will provide approximately $1.7 million in
additional annual revenue for investments in local infrastructure
maintenance, repair and replacement. The average increase for all
customers amounts to an approximately 17-percent increase. For the
average single family customer monthly rates would increase from
$67.08 to $78.60, for multi-family customers the cost for monthly
service would increase from $57.08 to $66.88.
“This settlement completes a vital process to sustain high
quality wastewater infrastructure and service,” said Lee Mansfield,
Manager of Hawaii American Water. “We are pleased to reach a
settlement and look forward to using the new revenue to continue
improving wastewater services for our Hawaii Kai customers.”
Since 2011, Hawaii American Water has made more than $32 million
in investments to improve wastewater treatment and services. Major
projects have included the installation of ultraviolet disinfection
treatment, sludge de-watering facility, solar energy upgrades,
replacing and improving pumps at our lift stations and treatment
plant and other process improvements. The vast majority of the
settlement funds these capital improvements and the remainder funds
higher operating costs, including wage increases that have occurred
over the last decade.
About Hawaii American Water: Hawaii American Water, a
subsidiary of American Water (NYSE: AWK), provides quality
wastewater services to approximately 25,000 people.
About American Water: With a history dating back to 1886,
American Water (NYSE: AWK) is the largest and most geographically
diverse U.S. publicly traded water and wastewater utility company.
The company employs more than 6,400 dedicated professionals who
provide regulated and regulated-like drinking water and wastewater
services to more than 14 million people in 24 states. American
Water provides safe, clean, affordable and reliable water services
to our customers to help keep their lives flowing. For more
information, visit amwater.com and follow American Water on
Twitter, Facebook and LinkedIn
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version on businesswire.com: https://www.businesswire.com/news/home/20220506005543/en/
Hawaii American Water Evan Jacobs Hawaii American Water
Director of External Affairs Phone: 707-495-6135 Email:
evan.jacobs@amwater.com
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