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Regulators approve 8% rate increase for W.Va. American Water customers - WCHS

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Regulators approve 8% rate increase for W.Va. American Water customers

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CHARLESTON, W.Va. (WCHS) — State regulators have approved a $15 million revenue increase, or an 8% rise in rates for West Virginia American Water customers.

The rates were effective Saturday and would translate to the average monthly bill going up by $5.69 per month for water and $5.59 per month for sewage, according to a news release from the West Virginia Public Service Commission.

The news release said the water company filed for a 22.5% rate increase in May for a total revenue boost of $41.2 million which was later adjusted after the PSC allocated a portion of sewer costs to water operations.

Related Knowledge Center: Climate economics

State of Play

Climate change is now a driver of the world’s economy. The impact is profound:

  • Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
  • Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
  • Investment in carbon capture and storage technologies is increasingly rapidly.
  • Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases. 

On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”

More informationabout Climate economics