York Water (NASDAQ: YORW) gains PUC approval for $18.85M rate increase
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The York Water Company reported that the Pennsylvania Public Utility Commission approved a joint settlement to revise its water and wastewater base rates. The decision supports a planned $145 million investment in water and wastewater service and related infrastructure.
The new rates are expected to increase annual combined water and wastewater revenue by about $18.85 million. A typical residential customer will pay an additional $8.51 per month for water and $25.45 per month for wastewater, while the average cost of 1,000 gallons of water remains slightly more than one cent.
The rate package also doubles funding for low-income customer assistance programs across Adams, Franklin, Lancaster, and York Counties. Customers will see the new rates on bills beginning March 1, 2026, and the company continues to serve over 212,000 people in 58 municipalities.
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Insights
PUC-approved rate hike lifts York Water’s regulated revenue base.
The approval of higher water and wastewater base rates gives The York Water Company an authorized increase of about $18.85 million in annual combined revenue. This is framed as supporting a broader $145 million investment program in infrastructure and service quality.
Because rates are set by regulators, this decision clarifies future cash inflows tied to essential services, including expanded low-income assistance. Actual financial impact will track how effectively the company deploys its investment program and manages costs under the new rate structure.
The new tariff takes effect on March 1, 2026, so subsequent quarterly and annual reports after that date will show how the higher rates flow through to revenue, margins, and capital spending levels.
8-K Event Classification
Item 7.01 — Regulation FD Disclosure
1 item
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: February 19, 2026
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this
chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
13(a) of the Exchange Act. ◻
THE YORK WATER COMPANY
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Item 7.01
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Regulation FD Disclosure.
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THE YORK WATER COMPANY ANNOUNCES SETTLEMENT OF RATE REQUEST:
Supports York Water’s $145 million investment in water and wastewater service
York, Pennsylvania, February 19, 2026 – The
York Water Company (NASDAQ: YORW) announced that earlier today the Pennsylvania Public Utility Commission (PUC) approved a joint settlement allowing revisions to water and wastewater base rates for its customers. The approved rates provide
revenue needed to support critical customer service, low-income assistance programs, and essential infrastructure development programs while maintaining a superior value proposition for its customers.
“The York Water Company is committed to providing safe, reliable, and affordable water and wastewater services,” said JT Hand, President and CEO of
The York Water Company. “This disciplined rate adjustment allows us to reinvest in our system, ensuring that we can continue meeting the needs of our growing communities while meeting or exceeding the increasing regulatory demands placed on
our industry.”
The approved rate adjustment will support system improvements including:
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Replacing, reinforcing, and relining aging water mains, replacing meters, hydrants, and service lines;
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Expanding wastewater treatment plants; and
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Improving company-owned facilities like storage tanks, pump stations, and upgrading water and wastewater treatment facilities for continued
regulatory compliance.
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The rate package also doubles the amount available to assist low-income customer assistance programs, benefiting more York Water customers across
Adams, Franklin, Lancaster, and York Counties.
The approved rates allow for a total increase of approximately $18.85 million in annual combined water and wastewater revenue. The typical
residential water customer will pay an additional $8.51 per month (28 cents per day) for water and an additional $25.45 per month (85 cents per day) for wastewater services. At the increased rates, the average cost of 1,000 gallons of water
remains slightly more than one cent per gallon.
“Our last rate adjustment was three years ago. The York Water Company has a disciplined ratemaking philosophy which balances our responsibility to
invest in our systems with sensitivity to the impact on our customers. Rate requests like the one we just completed are serious matters to both our company and our customers.” Hand added. “We remain proud to be one of the most affordable
utilities in the region, with a gallon of water costing just over a penny per gallon.”
Customers will see the new rates reflected on bills beginning March 1, 2026.
For more information about The York Water Company’s water and wastewater services, customer support, or investment opportunities, visit
www.yorkwater.com.
The York Water Company is honored to provide water and wastewater services to over 212,000 people in 58 municipalities and visitors in Adams,
Franklin, Lancaster, and York counties.
THE YORK WATER COMPANY
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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THE YORK WATER COMPANY
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| /s/ Matthew E. Poff | |
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Date: February 19, 2026
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Matthew E. Poff
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Chief Financial Officer
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FAQ
What regulatory decision did The York Water Company (YORW) disclose?
The York Water Company announced that the Pennsylvania Public Utility Commission approved a joint settlement to revise water and wastewater base rates. This approval supports its planned investments in infrastructure, customer service, and low-income programs across its Pennsylvania service territory.
How much additional annual revenue will YORW’s new rates generate?
The approved rate adjustment allows a total increase of approximately $18.85 million in annual combined water and wastewater revenue. This incremental revenue is intended to support infrastructure upgrades, regulatory compliance, and expanded assistance for low-income customers in the company’s service area.
When will York Water (YORW) customers see the new rates on their bills?
Customers will see the new water and wastewater rates reflected on their bills beginning March 1, 2026. From that date forward, the higher base rates will apply, helping fund York Water’s investment program and enhanced customer assistance initiatives across multiple Pennsylvania counties.
How will the rate change affect a typical York Water (YORW) residential customer?
A typical residential customer will pay an additional $8.51 per month for water and $25.45 per month for wastewater service. Despite these increases, the company notes the average cost of 1,000 gallons of water remains slightly more than one cent per gallon under the new rates.
What investment program is supported by YORW’s approved rate increase?
The rate settlement supports The York Water Company’s $145 million investment in water and wastewater service. These funds are directed toward essential infrastructure development, maintaining safe and reliable service, and meeting or exceeding growing regulatory requirements in its Pennsylvania operating region.
How does the new rate package impact YORW’s low-income assistance programs?
The approved rate package doubles the amount available for low-income customer assistance programs. This expansion aims to benefit more customers across Adams, Franklin, Lancaster, and York Counties by providing additional financial support while the company continues upgrading its water and wastewater infrastructure.