regulatory
confidence high
sentiment neutral
materiality 0.60
Artesian Water files for 12.41% revenue increase (~$10.8M) with Delaware PSC
ARTESIAN RESOURCES CORP
- Requests $10.8M annualized revenue increase (12.41%); net increase after DSIC is 10.75%.
- Temporary rates of up to $2.5M or 15% of gross water sales allowed 60 days post-acceptance, subject to refund.
- Invested over $58.5M in utility plant since last base rate filing in April 2023, citing PFAS treatment costs.
- Average residential bill would rise from $52.94 to $59.76/month ($0.23/day) if approved.
- Last comprehensive base rate filing was in April 2023; this filing covers investments through Sept 2025.