The Philadelphia Inquirer, July 12, 2018 “Pa. approves Aqua’s contentious $75M sewer system acquisition”

This article (click on link below) highlights that when private investor-owned utilities purchase the assets and customers of public municipal authorities, it is ultimately the ratepayers that pay the acquisition costs through subsequent higher rates. “

The Bryn Mawr company had originally sought to recover from ratepayers the full $75.1 million it paid for the utility, but agreed to accept the PUC’s figure of $64.4 million…..When it does file for a rate hike after June 2020, it agreed to limit the increase to no more than double the rate for Limerick customers…”

Click on link below for full article: http://www.philly.com/philly/business/energy/pa-approves-aqua-contentiouslimerick-sewer-system-acquisition-20180712.html