By: Follow South Jersey Staff
SOUTH JERSEY — Customers of New Jersey American Water will see an increase in their water bill beginning September 1.
The New Jersey Board of Public Utilities approved a settlement between New Jersey American Water and the N.J. Division of Rate Counsel, BPU Staff, and several intervenors for new water and wastewater rates for New Jersey American Water, according to a press release from the company. The approved rates represent a total annualized revenue increase of approximately $45.5 million.
The company’s rate request was filed on January 14, 2022 and was primarily driven by more than $985 million in infrastructure investment in treatment system and distribution upgrades since its last rate filing.
With the approved rate increase, the monthly bill for an average water customer using 5,520 gallons will increase approximately $2.93, and the monthly bill for an average wastewater customer will increase approximately $3.74. Even with the new rates, the cost of high-quality, reliable, water and wastewater service continues to be about one penny per gallon and remains among the lowest household utility bills.
“We are proud of the level of investment we are able to make into our systems to continue to provide high-quality, reliable service, even through extreme weather and other challenges including the pandemic, while maximizing efficiencies to balance the impact to customers,” Mark McDonough, President, New Jersey American Water, said in the press release. “The combination of effective capital planning and sound business management helps keep water and wastewater service both reliable and affordable for the 2.8 million people we proudly serve.”
Customers will receive information about the new rates in their next New Jersey American Water bill. This information will also be available on the company’s website at www.newjerseyamwater.com under Customer Service & Billing, Your Water and Wastewater Rates, or by calling 800-272-1325, Monday through Friday, 7:00 a.m. to 7:00 p.m.
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