Will Water Prices Increase Again? NID to Start Setting 2020 Water Rates this Wednesday |
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Two weeks ago, NID released their long-awaited Cost of Service Study (COS) and held a Board workshop to discuss the findings. This Wednesday, the NID Board will vote to accept the report and start the process to set water rates for 2020. As a reminder, one of the main findings of the report states:
The historical analysis indicates, on average, treated operations consume 53.7% of the system’s operating costs while raw operations consume 46.3% of the system’s operating costs. For raw water customers to achieve consistency with the COS consumption percentage, their revenue contribution (approx. 32%, see Table 4 page 5) must increase to 46.3%.
To summarize, it appears that NID must raise water rates. However, NID has yet to determine timing or the specifics for the increase. SYRCL looks forward to hearing more about the water rates process and NID's financial future this Wednesday. |
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