regulatory
confidence high
sentiment positive
materiality 0.70
Middlesex Water to implement provisional rate increase of 16.22% effective Feb 15, 2024
MIDDLESEX WATER CO
- Provisional rates are temporary pending BPU final decision on $34M annual revenue request.
- Overall rate increase of approx. $17.7M; customer charges up 16.22% effective Feb 15, 2024.
- If final approved rates are lower, company will refund excess with interest.
- Petition filed May 2023; case pending at New Jersey Office of Administrative Law.