secwatch.observer — SEC 8-K summary
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Issuer:     ARTESIAN RESOURCES CORP (ARTNA)
CIK:        0000863110
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000863110-23-000009
Event type: regulatory
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Artesian Resources files for 23.84% water rate increase in Delaware, first in 9 years
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- Requested annual revenue increase of ~$17.5M (23.84%) from Delaware PSC; last rate case was in 2014.
- Average residential bill would rise from $49.90 to $56.73/month ($0.22/day increase) if fully granted.
- Since 2014, Artesian invested $158M in infrastructure, including 45 miles of aging main replacements.
- Currently has maximum 7.5% DSIC surcharge; temporary 15% rate not initially sought to avoid DSIC reset.
- Received full $10M reimbursement for Llangollen wellfield contamination; customers get $27 credit through 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863110/000086311023000009/0000863110-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863110/000086311023000009/8k.htm
  HTML page:      https://secwatch.observer/filing/0000863110-23-000009

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