Virginia American Water filed a general rate case application October 30 with the State Corporation Commission requesting an increase in total revenues of approximately $8.69 million. The rate application seeks recovery of additional system investments of approximately $53 million since approval of the company’s last rate case filed in 2012.
“This case is fundamentally about investments in infrastructure,” says Virginia American Water President William Walsh. “Our efforts to slow and mitigate cost increases have been very successful, due to prudent investments that permit us to work smarter, such as investments in technology, and improved work processes to dispatch the workforce and equipment more efficiently. In fact, operations expenses have actually decreased by about 2 percent since the last rate case. These savings offset some of the revenue requirement requested for capital improvements in this case,” Walsh added.
In its oldest service area, the City of Alexandria, Virginia American Water has been replacing three miles of water mains per year. Elsewhere, infrastructure investments include a one million-gallon storage tank rehabilitation in Prince William in 2013 and replacement of a 2.5-million-gallon clearwell in Hopewell in 2014. For the full article click here
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