W.Va. American Water Asks PSC for New Financing System
Save Email Print
Bookmark and Share
Posted: 8:15 PM Feb 19, 2010
W.Va. American Water Asks PSC for New Financing System
West Virginia American Water says it's asking the state Public Service Commission to consider a new financing mechanism for replacing aging portions of its system.
Reporter: Associated Press
Email Address: news@wsaz.com
width:200 and height: 150 and picwidth: 200 and pciheight: 150
Font Size:

CHARLESTON, W.Va. (AP) -- West Virginia American Water says it's asking the state Public Service Commission to consider a new financing mechanism for replacing aging portions of its system.

American Water says the idea it proposed Friday would allow surcharges for individual projects instead of relying on more involved requests for rate increases. Several other states, including Pennsylvania, Ohio and California, use a similar approach.

The company says the bill of an average customer using 3,746 gallons a month initially would increase by 78 cents. Increases would be capped at 7.5 percent of revenue permitted by regular rates.

American Water says it's making the proposal in response to a PSC request that it find a new way to fund improvements.

Latest Comments

Posted by: KobraKai7474 on Feb 22, 2010 at 12:58 PM

The options are as follows: Option #1 - West Virginia American can ignore their infrastructure and, then, each time a main breaks, they can send a crew out to fix it on an emergency basis. Not only do customers necessarily lose water service when this happens, but it will happen without warning and for an indeterminate length of time, and it might be at a very inconvenient time. Moreover, emergency repairs are by definition the most expensive repairs. Oh, and when all is said and done, West Virginia American will include (and the state WILL approve it, since it is required to by law) the cost of those emergency repairs in their next rate increase so the customer WILL pay for it; or Option #2: West Virginia American can implement a program of ongoing replacements of high priority pipelines to keep emergency repairs at a minimum and at lowest possible cost with associated rate increases being small and gradual in nature. Hmmm. The best option seems obvious, but maybe I am wrong.
Posted by: Tom on Feb 22, 2010 at 10:33 AM

We need different people on the PCS board. We can all see that they are in the utility companies pockets. Every time a utility wants a raise in rates the PCS gives it to them no matter how much it is. More proof of state corruption!
Posted by: james on Feb 20, 2010 at 12:01 PM

Why is it that the utilities always want to raise the rates to make repairs? Why is it that everyone else has to work smarter and implement more cost awareness to make ends meet? Stop wasting money and become more cost efficient. Run your business like it were you own home.
More Stories
$310,000,000
Go to our mobile site | Make this your homepage (IE)
Live Feed Now on the Always On Channel

Local Events

Loading…
Events by eviesays.com
WSAZ Digital Business Search
Popular Searches
Powered by Local.com
Click here to send us your pictures and video pix@wsaz.com
WSAZ.com Most Popular / Most Comments
CNN.com News Headlines
WSAZ.com Sponsor Sections & Links
SOMC-Very good things are happening here SOMC
Very good things are happening here. Click here to learn more
Click here for closing and delays
Click here for school closings and delays
West Virginia Lottery nightly @ 6:59pm on WSAZ click here for numbers and drawings
Watch the Lottery Live Monday - Saturday @ 6:59pm on WSAZ NewsChannel 3. Need to check your numbers? Click here.
Ohio Lottery
Watch the Ohio Lottery Drawings weeknights @ 7:29pm and Cash Explosion Saturday @ 7:30pm on WSAZ NewsChannel 3.
WSAZ Children's Charitable Foundation
Click here to donate and help WSAZ help children at risk in our region. Thank you.
Making Moms LIfe Easier - with Diane Dimoff
Click here to see how our partners are making Moms and women's lives easier.
First Warning Hour-By-Hour Forecasts
+ Ashland, KY
+ Athens, OH
+ Beckley, WV
+ Charleston, WV
+ Clarksburg, WV
+ Clay, WV
+ Gallipolis, OH
+ Huntington, WV
+ Ironton, OH
+ Logan, WV
+ Morgantown, WV 		+ Paintsville, KY
+ Parkersburg, WV
+ Pikeville, KY
+ Pomeroy, OH
+ Portsmouth,OH
+ Ripley, WV
+ Spencer, WV
+ Sutton, WV
+ Wayne, WV
+ Wheeling, WV
+ Williamson, WV