Aquarion Water Company said today it has notified the Connecticut Public Utilities Regulatory Authority of its intent to increase water service rates on customers by roughly 16.8 percent.
The increase would amount to an additional 24 cents per day on the average customer’s bill, adding up to $26.9 million in increased revenue, a news release said.
Aquarion officials said the Bridgeport-based company has invested more than $143 million in critical water infrastructure upgrades since the last price increase.
“The importance of these infrastructure investments is underscored by our system’s exemplary operating performance during the last four major storms,” the release said. “In fact, in the recent blizzard only 25 households, within a served population of 625,000, were inconvenienced briefly.”
