August 17, 2022 11:15 AM Eastern Daylight Time CAMDEN, N.J.–(BUSINESS WIRE)–The New Jersey Board of Public Utilities (BPU) today approved a settlement between New Jersey American Water and the N.J. Division of Rate Counsel, BPU Staff, and several intervenors for new water and wastewater rates for New Jersey American Water. The approved rates represent a total annualized revenue increase of approximately $45.5 million.

The company’s rate request was filed on January 14, 2022 and was primarily driven by more than $985 million in infrastructure investment in treatment system and distribution upgrades since its last rate filing.

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