York Water Secures $18.85M Annual Revenue Increase from Approved Rate Settlement

summarizeSummary

The York Water Company announced the Pennsylvania Public Utility Commission approved a rate settlement, increasing annual combined water and wastewater revenue by approximately $18.85 million to support infrastructure investments.

check_boxKey Events

• Rate Settlement Approved

  The Pennsylvania Public Utility Commission (PUC) approved a joint settlement for revised water and wastewater base rates.

• Significant Revenue Increase

  The approved rates will generate an additional $18.85 million in annual combined water and wastewater revenue.

• Supports Infrastructure Investment

  The revenue increase will support $145 million in system improvements, including replacing aging mains, expanding treatment plants, and upgrading facilities.

• New Rates Effective March 1, 2026

  Customers will see the new rates reflected on their bills starting March 1, 2026.

auto_awesomeAnalysis

This rate settlement is a significant positive for The York Water Company, providing a substantial $18.85 million increase in annual revenue. For a utility, securing rate adjustments is crucial for financial stability and the ability to fund essential capital expenditures, such as the $145 million planned for system improvements. This approval ensures the company can continue to invest in its infrastructure, meet regulatory demands, and maintain service quality, which is vital for long-term growth and profitability. The new rates will take effect on March 1, 2026.