NEWBURGH — Indiana American Water, a statewide utility company whose service area includes portions of Warrick County, has asked state regulators for a water rate increase.
Earlier this week, the utility company filed a rate request with the Indiana Utility Regulatory Commission. If the request is approved as submitted, the utility says this will raise the typical residential monthly bill by 6.19 percent. Looking at it another way, this means that a residential customer who uses 4,800 gallons of water per month would pay an extra 8 cents per day under the proposed higher rate.
Indiana American Water serves 1.2 million people around the state. This includes 7,600 direct customers (about 21,000 people) in the city of Newburgh as well as Ohio, Boon and Anderson townships.
The utility company said it needs to raise its rates because of ongoing infrastructure investments, rising expenses and increased operating costs.
In the Newburgh area, the utility says it’s spent more than $926,000 over the past two years on capital improvements. Those projects include relocating or replacing water mains and hydrants, installing new meters and service lines and making improvements to pumping, treatment, storage and office facilities.
Joe Loughmiller, a spokesman for the utility company, said the company’s last rate increase went into effect in May 2010. The utility company was granted a 26.29 percent increase at that time.
Nothing will be decided on Indiana American’s request right away.
Utility rate cases are decided by the Indiana Utility Regulatory Commission after a regulatory process that takes about a year to complete.
The next step in the process will be a prehearing conference to set deadlines for the various stages of the case.
That prehearing conference has not yet been scheduled.
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