Artesian Resources settles rate case; $11.2M revenue increase effective June 12

ARTESIAN RESOURCES CORP

Settlement authorizes $11.2M annual revenue increase (15.2%) effective June 12, 2024.
Initial request was $16.7M (22.7%); temporary $10.8M increase implemented Nov 2023.
Settlement includes 9.5% return on common equity and 6.75% overall rate of return.
Last comprehensive base rate filing was April 2014.

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