Middlesex Water Co's Tidewater Utilities Files For Rate Adjustment With The Delaware Public Service Commission

Tidewater Utilities, Inc. ("Tidewater" or the "Company"), a wholly owned subsidiary of Middlesex Water Company (NASDAQ:MSEX) filed a request today with the Delaware Public Service Commission (PSC) for new rates in order to recover prudently incurred investments made in the last ten years to support continued regulatory compliance, enhance water quality, service reliability, security and resiliency of its water utility infrastructure assets.

 

Since its last filing more than ten years ago, the Company has invested over $150 million in critical drinking water infrastructure improvements that are not currently reflected in customer base rates. These capital expenditures reflect construction of new and rehabilitation of existing water treatment plants, addition of standby power generation, establishment of interconnections, construction of new storage facilities and other upgrades. Specific improvements include: 

• Construction of a 1,000,000-gallon elevated water storage tank in South Rehoboth and another 1,000,000-gallon elevated water storage tank in Millville, DE to address peak hour demand and fire protection needs
• Construction and\or enhanced treatment upgrades at several plant facilities
• Installation of interconnections that provide redundant capacity and storage for peak demand and system resiliency
• Installation of back up generation at 30+ facilities to minimize service interruption and support plant resiliency
• Regulatorily required water main realignments to support state road improvement plans
  • Installation of additional hydrants to provide fire protection coverage