NJ American Water Raises Rates to Fund Infrastructure

New Jersey American Water has secured regulatory approval for a rate hike that will raise average bills by approximately $8 per month, a figure composed of separate $4 increases for water and wastewater services. The company intends to use funds from federal PFAS contamination lawsuits to provide a temporary credit to ratepayers, helping to fund over $1 billion in infrastructure upgrades and compliance with federal chemical standards.
According to reporting from GN auto stocks/utilities: water rates, the approved increase is actually split between water and wastewater services, with the company planning to apply a $9.88 monthly credit from PFAS litigation settlements to offset the initial cost for customers.
Source: GN auto stocks/utilities: water ratesNew Jersey American Water will increase residential bills by roughly $8 per month starting September 15, offsetting part of the cost with a temporary credit from legal settlements.
Source: GN auto stocks/utilities: water rates






