Maine Water Company Merges Rate Districts
The Maine Public Utilities Commission approved a stipulation agreement between The Maine Water Company and the Office of Public Advocate to combine MWC's ten different rate districts into a single unified rate, which marks a big step in the company's continued efforts to improve efficiency, upgrade aging water systems, and maximize the value of our customers' dollars. To limit effects on customers' bills, a transition rate will take effect on Feb. 1 and will adjust over time through future rate filings until the uniform target rate is achieved. The agreement also approves a needs-based financial assistance rate program compliant with recent water affordability legislation in Maine and does not increase the company's overall revenues. "Water infrastructure across the state of Maine is aging and in need of replacement. Uniform rates will provide a more efficient regulatory structure for MWC to make important investments in that infrastructure across the communities we serve. In addition, we are addressing affordability concerns that could accompany these necessary investments." MWC President, Mark Vannoy, said. "At Maine Water, we envision thriving communities built on reliable water and world-class service at affordable rates - today and for generations to come. This decision helps us all get there together."
