Delaware PSC approves $11.2M annual rate increase for Artesian Water, effective June 12

ARTESIAN RESOURCES CORP

Final DEPSC order approves settlement for $11.2M annualized revenue increase (15.2%), effective June 12, 2024.
New rates replace temporary $10.8M increase; include 9.5% ROE and 6.75% overall rate of return.
DEPSC also approved a 0.34% Distribution System Improvement Charge (DSIC) effective July 1, 2024.
Last comprehensive base rate increase was filed in April 2014; new rates support capital improvements and higher operating costs.

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