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Rate increase request getting a closer look: Division of Ratepayer Advocates will investigate Valencia Water’s request for an 18 percent boost

Posted by: Maven on February 25, 2010 at 6:28 am

From the Santa Clarita Signal:

“The Valencia Water Co. wants to raise rates by almost 20 percent next year, but a state agency wants to take a closer look at the company’s finances before allowing the increase.

The proposed rate hike would mean the average household could be paying $6 more each month come January.

Valencia Water Co. President Bob DiPrimio said the increase is needed to pay for escalating water and power rates charged to the company, Santa Clarita Valley’s only private water company which serves more than 100,000 people via 30,000 connections. The California Public Utilities Commission oversees private utility retailers such as Valencia Water Co. … “

Read more from the Santa Clarita Signal by clicking here.

February 25, 2010 · Filed Under Southern California

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