Middlesex Water Company Seeks NJBPU Approval for $24.9 Million Rate Increase Following $100 Million Infrastructure Investments

Reuters

Jul 01

Middlesex Water Company Seeks NJBPU Approval for $24.9 Million Rate Increase Following $100 Million Infrastructure Investments

Middlesex Water Company has filed a petition with the New Jersey Board of Public Utilities (NJBPU) seeking approval for new rates, driven by nearly $100 million in investments aimed at enhancing water quality and meeting environmental regulations. The company has implemented various improvements, including upgrading water-treatment methods, replacing aging infrastructure, and enhancing system resilience against climate risks. If the rate increase is approved, the average residential customer would see a monthly water bill increase of approximately $14.13. These efforts underscore Middlesex Water Company's commitment to providing safe and reliable water service. No mention of grant or funding obtained by multiple organizations was made in the announcement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Middlesex Water Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9486988-en) on June 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: GNW9486988-en) on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3QW5Z07.USD","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL7Ls94X:1","article_id":"2548010818","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548010818","pubTimestamp":1751314216,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Middlesex Water Company Seeks NJBPU Approval for $24.9 Million Rate Increase Following $100 Million Infrastructure Investments. 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The company has implemented various improvements, including upgrading water-treatment methods, replacing aging infrastructure, and enhancing system resilience against climate risks. If the rate increase is approved, the average residential customer would see a monthly water bill increase of approximately $14.13. These efforts underscore Middlesex Water Company's commitment to providing safe and reliable water service. No mention of grant or funding obtained by multiple organizations was made in the announcement.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Middlesex Water Company published the original content used to generate this news brief via GlobeNewswire (Ref. 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