Middlesex Water Files for Rate Request
Middlesex Water Company (NASDAQ: MSEX) has filed a petition with the New Jersey Board of Public Utilities (NJBPU) requesting new rates based on approximately $100 million in infrastructure investments. The rate adjustment aims to support various infrastructure improvements and modernization initiatives.
The company is seeking a total annual revenue increase of $24.9 million. If approved, the average residential customer using 15,000 gallons of water per quarter would experience an increase of $14.13 per month ($0.47 per day) in their water bill.
Key infrastructure improvements include storm surge mitigation, updating corrosion inhibitors and chlorination systems, implementing cloud services for improved data management, replacing 12 miles of cast iron water mains, upgrading fire hydrants, and advancing the "Knocking Out Lead" initiative to eliminate lead and galvanized steel service lines by 2031.
Middlesex Water Company (NASDAQ: MSEX) ha presentato una richiesta al New Jersey Board of Public Utilities (NJBPU) per l'approvazione di nuove tariffe basate su investimenti infrastrutturali di circa 100 milioni di dollari. L'adeguamento tariffario mira a sostenere diversi miglioramenti infrastrutturali e iniziative di modernizzazione.
L'azienda richiede un aumento totale delle entrate annuali di 24,9 milioni di dollari. Se approvato, il cliente residenziale medio che utilizza 15.000 galloni d'acqua ogni trimestre vedrebbe un incremento di 14,13 dollari al mese (0,47 dollari al giorno) sulla bolletta dell'acqua.
Tra i principali interventi infrastrutturali figurano la mitigazione delle mareggiate, l'aggiornamento degli inibitori di corrosione e dei sistemi di clorazione, l'implementazione di servizi cloud per una migliore gestione dei dati, la sostituzione di 12 miglia di condotte in ghisa, l'ammodernamento degli idranti antincendio e il progresso dell'iniziativa "Knocking Out Lead" per eliminare le tubature in piombo e acciaio zincato entro il 2031.
Middlesex Water Company (NASDAQ: MSEX) ha presentado una petición ante la Junta de Servicios Públicos de Nueva Jersey (NJBPU) solicitando nuevas tarifas basadas en aproximadamente 100 millones de dólares en inversiones en infraestructura. El ajuste tarifario tiene como objetivo apoyar diversas mejoras en infraestructura e iniciativas de modernización.
La compañía busca un aumento total de ingresos anuales de 24,9 millones de dólares. Si se aprueba, el cliente residencial promedio que utiliza 15,000 galones de agua por trimestre experimentaría un aumento de 14,13 dólares al mes (0,47 dólares por día) en su factura de agua.
Las principales mejoras en infraestructura incluyen mitigación de marejadas, actualización de inhibidores de corrosión y sistemas de cloración, implementación de servicios en la nube para mejorar la gestión de datos, reemplazo de 12 millas de tuberías de hierro fundido, modernización de hidrantes contra incendios y avance de la iniciativa "Knocking Out Lead" para eliminar las líneas de servicio de plomo y acero galvanizado para 2031.
Middlesex Water Company (NASDAQ: MSEX)는 뉴저지 공공시설위원회(NJBPU)에 약 1억 달러 규모의 인프라 투자를 기반으로 한 새로운 요금 인상을 요청하는 청원서를 제출했습니다. 이번 요금 조정은 다양한 인프라 개선 및 현대화 사업을 지원하기 위한 것입니다.
회사는 연간 총 수익 2,490만 달러 증가를 요청하고 있습니다. 승인될 경우, 분기당 15,000갤런의 물을 사용하는 평균 주거 고객은 월 14.13달러(일일 0.47달러)의 수도 요금 인상을 경험하게 됩니다.
주요 인프라 개선 사항으로는 폭풍 해일 완화, 부식 억제제 및 염소 처리 시스템 업데이트, 데이터 관리를 위한 클라우드 서비스 도입, 12마일의 주철 수도관 교체, 소화전 업그레이드, 그리고 2031년까지 납 및 아연 도금 강철 서비스 라인을 제거하는 "Knocking Out Lead" 이니셔티브 진전이 포함됩니다.
Middlesex Water Company (NASDAQ : MSEX) a déposé une demande auprès du New Jersey Board of Public Utilities (NJBPU) pour de nouveaux tarifs basés sur environ 100 millions de dollars d'investissements dans les infrastructures. Cet ajustement tarifaire vise à soutenir diverses améliorations et initiatives de modernisation des infrastructures.
La société demande une augmentation totale des revenus annuels de 24,9 millions de dollars. Si elle est approuvée, la facture d'eau du client résidentiel moyen utilisant 15 000 gallons d'eau par trimestre augmenterait de 14,13 dollars par mois (0,47 dollar par jour).
Les principales améliorations des infrastructures comprennent la mitigation des ondes de tempête, la mise à jour des inhibiteurs de corrosion et des systèmes de chloration, la mise en place de services cloud pour une meilleure gestion des données, le remplacement de 12 miles de conduites en fonte, la modernisation des bornes d'incendie et l'avancement de l'initiative « Knocking Out Lead » visant à éliminer les conduites en plomb et en acier galvanisé d'ici 2031.
Middlesex Water Company (NASDAQ: MSEX) hat beim New Jersey Board of Public Utilities (NJBPU) eine Petition für neue Tarife eingereicht, die auf Investitionen von etwa 100 Millionen US-Dollar in die Infrastruktur basieren. Die Tarifänderung soll verschiedene Infrastrukturverbesserungen und Modernisierungsinitiativen unterstützen.
Das Unternehmen strebt eine Gesamterhöhung der jährlichen Einnahmen um 24,9 Millionen US-Dollar an. Wird dies genehmigt, würde der durchschnittliche Wohnkunde, der vierteljährlich 15.000 Gallonen Wasser verbraucht, eine Erhöhung von 14,13 US-Dollar pro Monat (0,47 US-Dollar pro Tag) auf seiner Wasserrechnung sehen.
Zu den wichtigsten Infrastrukturverbesserungen zählen der Schutz vor Sturmfluten, die Aktualisierung von Korrosionsinhibitoren und Chlorierungssystemen, die Implementierung von Cloud-Diensten zur verbesserten Datenverwaltung, der Austausch von 12 Meilen Gusseisen-Wasserleitungen, die Aufrüstung von Hydranten sowie die Weiterführung der Initiative „Knocking Out Lead“, um bis 2031 Bleirohre und verzinkte Stahlversorgungsleitungen zu entfernen.
- None.
- Proposed rate increase of $14.13 per month for average residential customers
- Company seeking significant annual revenue increase of $24.9 million
Insights
Middlesex Water's $24.9M rate request follows $100M infrastructure investment, potentially boosting revenue through regulatory channels.
Middlesex Water's petition for a
The specified improvements demonstrate strategic capital allocation across multiple priorities:
- Climate resilience enhancements at treatment facilities
- Technological upgrades for operational efficiency and cybersecurity
- Infrastructure reliability through replacement of 12 miles of aging water mains
- Public safety improvements via fire hydrant replacements
- Regulatory compliance through lead service line elimination
- Water quality enhancements at purification facilities
If approved by regulators, the average residential customer would see an increase of approximately
The filing initiates what will likely be a multi-month regulatory review process, during which the New Jersey Board of Public Utilities will evaluate the prudence of the investments and determine the appropriate level of recovery through rates. This represents a standard progression in the regulated utility business model, where infrastructure investment creates the foundation for revenue growth through the regulatory compact.
The infrastructure investments particularly focused on lead service line replacement and climate resilience align with current regulatory priorities, potentially strengthening the company's case for approval. This methodical approach to capital investment and regulatory recovery exemplifies Middlesex's execution of the traditional regulated utility growth strategy.
ISELIN, N.J., June 30, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) (Middlesex or the Company) today filed a petition with the New Jersey Board of Public Utilities (NJBPU) requesting new rates driven by close to
These improvements include:
- Protecting and enhancing the resiliency of the Company’s treatment facilities through the installation of storm surge mitigation methods and the updating of corrosion inhibitors and chlorination systems
- Implementing Work and Asset Cloud Services to improve data management and system scalability, enhance workplace efficiency, bolster the Company’s cyber security profile, and ensure business continuity
- Replacing approximately 12 miles of cast iron water mains with priority given to those with repetitive failures, ensuring system reliability and reducing water loss
- Replacing aging fire hydrants with new units to increase fire protection
- Advancing the Company’s “Knocking Out Lead” initiative to eliminate utility and customer-owned lead and galvanized steel service lines by 2031
- Upgrading water-treatment methods at water purification facilities, improving treatment process to yield improved water quality for our customers
“Middlesex Water Company’s prudent and consistent investments in our water infrastructure underscore our commitment to delivering safe, reliable water services to the communities we serve,” said Nadine Leslie, Middlesex Water Company Chair, President and Chief Executive Officer. “By modernizing our treatment plants, upgrading critical distribution systems, and investing in technological improvements, we are strengthening system resilience against climate risks and emerging contaminants, while continuing to provide our customers with quality service at an affordable rate.”
The Company is seeking a total annual revenue increase of
About Middlesex Water Company
Middlesex Water Company (“Middlesex”) is one of the nation’s premier investor-owned water and wastewater utilities. Established in 1897, Middlesex is a trusted provider of life-sustaining services to more than half a million people in New Jersey and Delaware. The company focuses on employee engagement, operational excellence, superior customer experience, investment in infrastructure, and selective and sustainable growth to deliver value to our customers, investors, and the communities we serve.
This release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.
Media Contact:
Brian Hague
Vice President, Communications and Corporate Affairs
(732) 638-7584
bhague@middlesexwater.com
Investor Contact:
Jennifer Ketschke
Director, Treasury and Investor Relations
(732) 638-7549
jketschke@middlesexwater.com
FAQ
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