Ouch. You may have seen Joe Cormier's comment about this. LRWC estimates that customer bills will increase by an average of $239.06 per year or $59.77 per quarter. There will be a prehearing conference on September 30th at the State of New Hampshire Public Utilities Commission. An Order Suspending Proposed Tariffs and Scheduling Prehearing Conference was issued on September 4th.
LRWC is small, about 1,700 customers. and about $1.3 million in gross revenues.
Will the NH PUC approve the petition for permanent rate increase? Who knows. I used to think that public utilities were desirable as there are no worries about wells drying out , pumps failing, septics tanks to pump or replace. I'm not sure though I'd want to pay $80 a month (and rising ) for water.
Let me be clear though, I am not against community wells or community septic systems. That may make sense in some areas in our town where we can then increase housing density and perhaps entice builders and investors. Far different from a small utility that may or may not be in financial difficulty.
The question and concern that I have is whether LRWC is financially solvent, and what would happen if they go belly up?