Artesian Water Company Announces Credit to Delaware Customers With Proceeds From PFAS Settlement Agreement

Rhea-AI Summary

Artesian Water Company (Nasdaq: ARTNA) will return settlement proceeds to Delaware customers after receiving regulatory approval. The Delaware Public Service Commission approved, and the Delaware Public Advocate supported, using funds from a nationwide PFAS class action settlement to credit customers.

Artesian has received approximately $7.2 million from 3M to date. Active Delaware water customers as of December 1, 2025 will receive an approximate $73 bill credit issued in December, which will appear on the subsequent water bill. The company said the settlement helps offset investments made to test for and treat PFAS in its systems.

Positive

• $7.2M settlement proceeds received from 3M
• Delaware PSC approval and Delaware Public Advocate support
• Customers to receive approximate $73 bill credit in December
• Settlement proceeds help offset Artesian's PFAS treatment investments

Negative

• Credit limited to active customers as of Dec 1, 2025
• Individual credit is modest at approximately $73 per customer

Insights

Utility finance analyst

Artesian will return settlement proceeds to customers, receiving ~$7.2 million and issuing a ~$73 credit to active Delaware accounts on December 2025.

As a utility, Artesian monetized a national PFAS settlement with 3M and secured regulatory approval to pass funds back to ratepayers. The company received approximately $7.2 million to date and will issue a one‑time credit of about $73 to active Delaware water customers as of December 1, 2025, with the credit appearing on the subsequent bill in December 2025.

This restores customer funds and limits ratepayer pressure from PFAS remediation costs, but the net effect depends on total remediation spend and any future claims or regulatory directives; the press release gives no figures on cumulative treatment investments or remaining liabilities. Watch for filings or disclosures showing total PFAS remediation capital and operating costs, any additional settlement proceeds, and the timing of related regulatory orders over the next 6–18 months.

NEWARK, Del., Nov. 19, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced that its principal operating subsidiary, Artesian Water Company, Inc. (“Artesian”), received approval from the Delaware Public Service Commission, and support from the Delaware Public Advocate, to return to its customers proceeds from a national class action settlement addressing PFAS contamination in public drinking water systems.

Artesian has received approximately $7.2 million to date from the 3M Company (“3M”). This settlement represents an important step in holding responsible parties accountable and helps offset the significant investments Artesian has made to protect customers and the water supply. Active Delaware water customers as of December 1, 2025 will receive a credit of approximately $73 issued in December with the credit appearing on their subsequent water bill.

“Artesian has always placed the highest priority on delivering safe, reliable water to our customers,” said Nicki Taylor, Chair, President and CEO. “Long before federal regulations were finalized, as an industry leader in protecting public health our team took proactive steps to test for and treat PFAS. We are pleased to be able to use the settlement funds received from 3M to provide a bill credit to our customers, as it is appropriate that those responsible for the PFAS contamination are held accountable and that our customers not fully bear the costs for PFAS treatment.”

Per- and polyfluoroalkyl substances (PFAS) are a large group of environmentally persistent, man-made chemicals used in industrial and commercial household uses including firefighting activities, stain repellents, and non-stick cookware. PFAS have been manufactured and used in various industries around the globe since the 1940s. Due to decades of use, thousands of PFAS chemicals persist in the environment, where over time they may end up in drinking water supplies.

About Artesian Resources
Artesian Resources Corporation operates as a holding company of wholly owned subsidiaries offering water and wastewater services, and other related core services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula, providing water service since 1905. Artesian supplies 9.5 billion gallons of water per year through 1,491 miles of water main to over a third of Delaware residents.

Contact:
Virginia Eisenbrey
Communications
(302) 453-6900
veisenbrey@artesianwater.com

FAQ

How much did Artesian Water Company receive from the 3M PFAS settlement (ARTNA)?

Artesian has received approximately $7.2 million from 3M to date.

Which customers qualify for the ARTNA PFAS settlement credit and when will it be issued?

Active Delaware water customers as of December 1, 2025 qualify; the ~$73 credit will be issued in December and appear on the next bill.

Did regulators approve Artesian's plan to return PFAS settlement funds (ARTNA)?

Yes. The Delaware Public Service Commission approved the refund plan and the Delaware Public Advocate supported it.

What is the purpose of the ARTNA customer credit from the PFAS settlement?

The company said the settlement funds will help offset significant investments made to test for and treat PFAS and return value to customers.

Will all Artesian customers nationwide receive the $73 PFAS credit (ARTNA)?

No. The announced credit applies to active Delaware water customers as of December 1, 2025 only.