HONOLULU–(BUSINESS WIRE)–Hawaii American Water has filed a settlement agreement with consumer advocates for the Hawaii Public Utilities Commission (HPUC) regarding new rates for its Hawaii Kai customers. This is the first time Hawaii American Water has adjusted rates for these customers since 2011 and the updated rates are expected to go into effect in July of this year. Over the past decade, Hawaii American Water has made improvements that protect the environment by adding additional sanitization, increasing the use of renewable energy, and reducing waste.
The new tariffs will provide approximately $1.7 million in additional annual revenue for investments in the maintenance, repair and replacement of local infrastructure. The average increase for all customers is around 17%. For the average single-family customer, monthly rates would increase from $67.08 to $78.60, for multi-family customers, the monthly service cost would increase from $57.08 to $66.88.
“This settlement completes a vital process to maintain high-quality wastewater treatment infrastructure and service,” said Lee Mansfield, director of Hawaii American Water. “We are delighted to have reached a settlement and look forward to using the new revenue to continue to improve remediation services for our Hawaii Kai customers.”
Since 2011, Hawaii American Water has invested more than $32 million to improve wastewater treatment and services. Major projects have included the installation of ultraviolet disinfection treatment, a sludge dewatering facility, solar power upgrades, pump replacement and upgrades to our lift stations and our processing plant and other process improvements. The vast majority of the settlement funds these capital improvements and the remainder funds higher operating costs, including salary increases that have occurred over the past decade.
About Hawaii American Water: Hawaii American Water, a subsidiary of American Water (NYSE: AWK), provides quality sanitation services to approximately 25,000 people.
About US Water: With a history dating back to 1886, American Water (NYSE: AWK) is America’s largest and most geographically diverse water and wastewater utility company. The company employs more than 6,400 dedicated professionals who provide regulated, type-regulated drinking water and sanitation services to more than 14 million people in 24 states. American Water provides safe, clean, affordable and reliable water services to our customers to help them get on with their lives. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn