Idaho Public Utilities Commission approves Veolia water rate increase
BOISE, Idaho (CBS2) — The Idaho Public Utilities Commission approved a rate increase of 7.06% on Friday in the case application submitted by Veolia Water Idaho, according to a recent news release.
Customer bills will increase by an average of $2.21 per month, depending on how much water they use. The increase will take effect on Monday. Veolia originally asked for a 24.1% increase when it filed its application in Sept. 2022.
In its ruling, the commission established a rate base for Veolia of $255,162,220 and a revenue requirement of $56,157,933.
The commission also approved a 9.25% return on equity, and an overall 6.91% rate of return. The 6.91% rate of return represents an increase of $2,756,227 for Veolia. This amount represents the 7.06% increase.
Veolia, which serves approximately 105,000 customers in Ada County, said it needed additional revenue to recover increased operating expenses and costs associated with plant additions.
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