Milford Water Company, MA, gets 25% rate increase
By Leslie H. Dixon / Daily News Staff
Thursday, April 6, 2006 - Updated:
MILFORD -- The Board of Selectmen unanimously approved a water rate settlement agreement last night that will give the Milford Water Company a 25 percent revenue increase but will affect its 8,700 ratepayers in various ways.
"(It) will impact some more and some less," said Town Counsel Gerald Moody of the agreement that must now be approved by the Department of Telecommunications and Energy.
In November, selectmen hired a Newburyport consulting firm to guide the
board as it positioned itself in the Milford Water Company’s move to
increase its water rate by 39 percent over a two-year period to offset a
$1.1 million increase in company expenses. Both the town and Milford Water
Company officials were able to reach a settlement without going through
the entire rate setting hearing process.
"It’s an excellent agreement," said Selectman Brian Murray.
He added that the elimination of the conservation rate was not beneficial
to residential customers and should be looked at again in the future.
In addition to the rate hike, the agreement also changes other items such as water hookup fees.