A real soaking: Pennichuck seeks 43% rate hike.Residential customers of Pennichuck Water Works could see their bills increase by some $12 a month by next spring if the Public Utilities Commission approves the company's proposed 43 percent rate hike. The hike would mean an average single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. residential water bill of $333.84 a year would go up to $477.72, an increase of $11.99 a month, or about $144 a year. Pennichuck interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Hannah McCarthy said the increase is due to the firm's $38 million upgrade of its water treatment plant to meet increased federal mandates for drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. quality. The project should be complete by 2009. McCarthy said Pennichuck shouldn't have to file for another rate increase next year, and that another likely wouldn't come until 2008 or 2009. Rates would increase for about 24,000 customers in Nashua, Amherst, Bedford, Hollis, Merrimack and Milford, as well as people in parts of Derry, Plaistow, Epping, Salem and Newmarket Newmarket, town (1991 pop. 15,861), Suffolk, E England. It has been a horse-racing center since early in the 17th cent. There are four principal races: the One Thousand Guineas, the Two Thousand Guineas, the Cambridgeshire, and the Cesarewitch. . Pennichuck has asked for a 36.5 percent total revenue increase. But since it's not increasing rates to its fire protection customers, residential customers would have to bear the burden of the increase, which is about a 43 percent rate hike, McCarthy explained. "It's a complex tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic requirement," she told The Telegraph telegraph, term originally applied to any device or system for distant communication by means of visible or audible signals, now commonly restricted to electrically operated devices. Attempts at long-distance communication date back thousands of years (see signaling). . The increases would go into effect through a two-step process. A temporary rate increase would be implemented this fall, with a permanent increase to kirk in by the spring of 2007. |
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