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HomeMy WebLinkAbout20210506News Release.pdfldaho Pubtlc Utillties Commlgsion lndltrIo.Corllltor FO lor 1t720. lor0, D U720{0ra tr, le.[re?.Cs]fdr.r?Xrlttlr B.,.r, Gqr.rl*clrt l.tc fu rda6a+r. Cqrall'loilt Case No. SUZ-W-20-02 Order No. 35030 Contact: Adam Rush Office: (208) 334-0339 adarn.rush(Dpuc.idaho. qo v NEWS RELEASE: Commission approves settlement agreement allowing SUEZ Water of Idaho to raise rates by 8.75 percent over 2 years BOISE (May 6,2021) - The Idaho Public Utilities Commission has approved a settlement agreement between SUEZ Water of Idaho and its customers that will allow the utility to raise rates by 8.75 percent over a two-year period. The percentage represents an increase in revenue of $3.99 million. SUEZ initially proposed to raise rates by 22.3 percent but agreed to enter into settlement negotiations with customers and stakeholders in February. The settlement negotiations resulted in the approved 8.75 percent rate increase. The settlernent agreement, approved by the commission on April 30, includes a phase-in of the rate increase. Customers will see a 3.55 percent increase on May 1,2021, which represents increased revenues of $1.62 million in the first year. On May 1,2022, rates will increase by 5.2 percent, representinga$2.37 million increase in the second year. As part of the settlement, SUEZ agreed to file an updated depreciation study with its next general rates case, undertake a load study, and broaden public ouheach efforts that include hosting public workshops related to water quality and resource planning. The company also agreed to examine its low-income assistance program, including participation and future opportunities. In its order issued Friday, the commission acknowledged customer concerns regarding discolored water on the Boise Bench. It encouraged SUEZ to continue with efforts to implement solutions that would address the discolored water, and SUEZ agreed to keep commission staff informed of the efforts. For more information about the commission's approval of the rate increase, please visit puc. idaho. gov/caselDet allsl 6543 .