State regulators approved on Wednesday a $24 million rate increase for water and sewer customers of Missouri American Water Co. The average residential customer will see a 47 percent increase in his monthly bill.
The increase, which was granted by the Missouri Public Service Commission (PSC), is to take effect April 1 for many of the company's nearly 458,000 customers.
According to the company, the new rates will increase water rates for the typical Jefferson City residential customer using 4,000 gallons of water by about $12.80 a month. The increase will bring the average bill to about $40 per month.
The new rates reflect water infrastructure investments of approximately $12.2 million in Jefferson City that were completed from May 1, 2010, to Dec. 31, 2011.
These investments include upgrades to the 120-year-old water intake pipelines and pumping station that deliver water from the Missouri River to the water treatment plant.
Replacing aging water mains on Jefferson Street, Tanner Bridge Road and Monroe Streets and the replacing of fire hydrants and water meters across the system were also completed.
Jefferson City customers have not had a rate increase since 2008, according to company officials.
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