Artesian Resources Subsidiary Files for Rate Increase

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Artesian Resources Subsidiary Files for Rate Increase

, MT Newswires - 4:53 PM ET 4/4/2025 default

04:53 PM EDT, 04/04/2025 (MT Newswires) -- Artesian Resources ( ARTNB ) said late Friday its subsidiary Artesian Water has filed an application with the Delaware Public Service Commission to increase customer rates.

The filing proposes a 12.41%, or roughly $10.8 million, increase in annual revenue, the company said.

It added that the incremental increase to existing billed rates would be 10.75% after considering the recovery of investments made under the Distribution System Improvement Charge of 1.66% in place, translating to a $0.23 per day increase in bills for customers.

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