regulatory
confidence high
sentiment positive
materiality 0.60
Tidewater Utilities files $10.3M rate increase request after decade-long pause
MIDDLESEX WATER CO
- Tidewater (MSEX subsidiary) filed with Delaware PSC for $10.3 million annual revenue increase.
- Since last rate filing over 10 years ago, invested over $150M in critical water infrastructure.
- Average residential bill would rise ~$13.97/month for 5,000-gallon usage if approved.
- Improvements include new 1M-gallon tanks, backup generation at 30+ sites, and treatment upgrades.