NJ American Water granted new rates by BPU

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The New Jersey Board of Public Utilities has approved a settlement between New Jersey American Water and the New Jersey Division of Rate Counsel for new water and wastewater rates that will keep water about 1 cent per gallon.The New Jersey Board of Public Utilities has approved a settlement between New Jersey American Water and the New Jersey Division of Rate Counsel for new water and wastewater rates that will keep water about 1 cent per gallon.

The new rates represent a $40 million annual increase in water and wastewater revenues for New Jersey American Water.

The company’s rate request, which was filed Sept. 15, 2017, was driven by more than $868 million in needed investment in treatment and distribution system upgrades statewide since the company’s last rate increase in 2015, according to New Jersey American Water.

Due to the Tax Cuts and Jobs Act, most customers can expect to see a one-time credit on their bills beginning in November, according to the company. 

The approximate bill for an average water customer using 6,000 gallons of water per month will be $53.45 and the bill for an average wastewater customer will be about $58.70, the company said.