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Article: Hackensack Water receives its first rate hike in 2 years; BPU also rules that new law defers pending land transfer. (New Jersey Board of Public Utilities)
- Article from:
- PR Newswire
- Article date:
- December 14, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HACKENSACK WATER RECEIVES ITS FIRST RATE HIKE IN 2 YEARS
BPU ALSO RULES THAT NEW LAW DEFERS PENDING LAND TRANSFER
NEWARK, Dec. 14 /PRNewswire/ -- The New Jersey Board of Public Utilities (BPU) approved a 2.4 percent rate increase for Hackensack Water Company at its meeting today. The increase, Hackensack's first in more than two years, will go into effect for water service rendered starting today. The estimated $2 million in additional annual revenues will provide a return on more than $16 million the company invested last year on construction of major water projects. The increase adds about $1.67 to the average customer's quarterly water bill, ...