The West Virginia Public Service Commission (PSC) will be holding a public hearing on Monday, February 6 at 6:30 pm in the Jefferson County Courthouse (100 East Washington St, Charles Town).
All county residents are invited to comment on the proposed acquisition of the locally-owned Jefferson Utilities by the WV subsidiary of American Water, a publicly-traded company listed on the NY Stock Exchange (symbol: AWK). PSC staff have raised concerns about the average rate increases calculated by American Water that could be as “high as 47.44% for water customers and 56.03% for sewer customers….” The PSC staff also raised objections to including the value of depreciated-assets in the rate base calculations (which would essentially be charging customers twice for the same capital investment costs).
The public can also submit comments online at the PSC website (www.psc.state.wv.us). At the PSC website, select the comment option for “formal case” then click the “agree” button to display the search page. The second option on the page allows you to search by case number. The case number is 22-0796-WS-PC.
Comment Link: http://www.psc.state.wv.us/scripts/onlinecomments/default.cfm
By Staff Contributor