Printer Friendly

NEW JERSEY-AMERICAN GRANTED INCREASE

 NEW JERSEY-AMERICAN GRANTED INCREASE
 HADDON HEIGHTS, N.J., March 6 /PRNewswire/ -- The New Jersey Board


of Regulatory Commissioners today approved a 4.7 percent overall rate increase for New Jersey-American Water Company.
 The increase will generate approximately $6.95 million in additional annual revenues for expenses involved in providing water services and sewer collection services.
 Company officials report that the increase will help offset $43 million in new construction spent in 1991, as well as increases in operating expenses for items such as purchased water, chemicals, power, waste disposal, depreciation and taxes.
 Included in recent construction are the costs for additional water supply facilities in Atlantic, Cape May, Ocean, Essex, Morris and Somerset counties. According to company officials, these source-of- supply projects will help to provide customers reliable water service, particularly during unusually dry periods, such as the one experienced last year across the state.
 Also noteworthy are infrastructure investments made in 1991 to replace aging mains and to reinforce distribution systems in virtually all 14 counties served by New Jersey-American Water Company.
 Water production and treatment facility improvements in Burlington, Atlantic and Monmouth counties are accounted for in the approved rates.
 Funds for a newly opened water testing laboratory in Atlantic County and a meter testing facility in Ocean County are also included. Both facilities are designated to enhance operating efficiency and customer services, company officials said.
 Under the proposed rates, an average residential customer using 21,000 gallons per quarter will realize an increase in their quarterly bill as listed below, according to location:
 For customers in Essex, Morris, Somerset and Union counties (except for those in North Caldwell and Cedar Grove Township), an average quarterly water bill will change from $70.07 to $74.06, an increase of 5.69 percent.
 For customers in Passaic County and the North Caldwell and Cedar Grove Township sections of Essex County, an average quarterly water bill will change from $67.10 to $74.06, an increase of 10.37 percent.
 For customers in Monmouth County, an average quarterly water bill will change from $87.24 to $88.57, an increase of 1.52 percent.
 For customers in Atlantic, Burlington, Camden, Cape May, Hunterdon, Middlesex, Ocean and Warren counties, an average quarterly water bill will change from $61.27 to $65.32, an increase of 6.61 percent.
 A rate change was also approved for New Jersey-American Water Company's Ocean City and Lakewood customers who receive sewer collection services.
 Customers in Ocean City who use 6,900 cubic feet of water with 2,500 cubic feet used during the prior summer quarter pay an annual sewer bill of $328.68 (one cubic foot of water is equal to 7.48 gallons). Under the new rates, this will change to $344.43 which translates to a 4.79 percent increase. Water rates for this same group of customers will change from $172.60 to $186.96 or 6.58 percent annually.
 Under the approved rates, an average quarterly sewer bill for a Lakewood customer who uses 15,000 gallons of water during the winter quarter will increase from $78.50 to $84.47, representing an increase of 7.61 percent.
 Sewer charges for Ocean City and Lakewood customers are based on general sewer collection operating expenses along with charges for the delivery of wastewater to the Cape May County Municipal Utilities Authority and the Ocean County Utilities Authority, respectively.
 An increase of 5 percent in public fire protection charges was allowed for locations served in all areas of the company with the exception of Monmouth County, where a 2 percent increase was granted.
 For Morris, Somerset, Union, Essex and Passaic counties, an increase of 6 percent was approved for private fire protection charges.
 Monmouth County customers will experience an increase of 9 percent in private fire protection charges as a result of the approved rate changes.
 There was no increase in private fire protection charges for customers in Atlantic, Burlington, Camden, Cape May, Hunterdon, Middlesex, Ocean and Warren counties.
 New Jersey-American Water Company services approximately 313,000 customers in 109 New Jersey communities. The company's Western Division provides water service to 86,500 customer accounts in Burlington and Camden counties.
 /delval/
 -0- 3/6/92
 /CONTACT: Michael J. Chern of New Jersey-American Water Company, 609-547-1700, or, after hours, 609-983-2865, ext. 302/ CO: New Jersey-American Water Company ST: New Jersey IN: UTI SU:


CC-KA -- PH025 -- 6013 03/06/92 16:43 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 6, 1992
Words:739
Previous Article:FOOD LION AND EASTER SEALS RAISE $160,000 THROUGH SHOP AND CARE PROGRAM
Next Article:CONNECTICUT $465 MILLION GO BONDS RATED 'AA+' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
LOAN FUND RECEIVES $5,000 FROM NATWEST
SECRETARY PENA ANNOUNCES GRANT OF $79 MILLION FOR SECAUCUS COMMUTER
Casino Data Systems Granted New Jersey License
New Jersey-American Water Company Beautifies the Township of Irvington While Helping Local Youths Earn Summer Dollars.
New Jersey-American Water Company Launches `H2O Help to Others' Customer Assistance Program; The Water Company Is the First Utility to Offer...
American Residential Mortgage, a Division of American Mortgage Express Corp., Announces Receipt of Customized Training Grant From New Jersey...
American Mortgage Express Unveils New Headquarters.
American Water's New Jersey Subsidiary is Granted New Rates.
New Jersey American Water Granted New Rates by NJ Board of Public Utilities.
New Jersey American Water Teams Up with NJ Shares; NJ SHARES to Administer New Jersey American Water's Payment Programs.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters