York Water announces settlement of Pennsylvania rate case

The York Water Company announced that the Pennsylvania Public Utility Commission, or PPUC, approved a joint settlement agreement at its January 12 public meeting, allowing an increase in base rates for water and wastewater customers of The York Water Company. "The approved rates provide for cost recovery for York Water and an expanded customer assistance program while maintaining affordability for customers. The new rates approved by the PPUC affect approximately 75,000 water and wastewater customers throughout York, Adams, and Franklin Counties, Pennsylvania. Even with the approved increases, York Water remains one of the lowest cost providers and most efficient water and wastewater utilities in the nation," the company said. JT Hand, President and CEO of York Water, stated, "Although water and wastewater remain the most affordable utilities, York Water is sensitive to economy-wide inflationary pressures and increased costs for our residential and business customers. We believe this is a fair and reasonable result that allows the company to recover approximately $176 million in recent investments in system improvements and infrastructure replacements and allows us to continue to meet the current and future needs of our customers."