State regulators cut back on a proposed rate hike for Rockland’s largest water utility in a ruling Tuesday, which included slashing how much the company could recoup from its investment in a failed Hudson water treatment plant.
The state Public Service Commission’s modified plan reduces by about $960,000 a request agreed upon by Suez Water New York and the PSC’s staff, and knocks $8.2 million off the amount Suez can recover from its abandoned Haverstraw desalination project.
The proposal, which Suez must agree to by Friday, also calls for stricter conservation measures and establishes a rebate program for low-income customers.
If accepted, the new rate would go into effect Feb. 1, raising the average monthly bill by 51 cents this year, $4.80 next year and $4.87 in the final year. If Suez rejects the terms, a one-year rate carrying an average monthly increase of $3.64 would be in place.
Suez spokesman Bill Madden said Tuesday afternoon the company had not yet received the order. “This is a very complex and lengthy ruling that deserves very careful consideration,” Madden said. “We will analyze the order thoroughly before we respond to the PSC and to our customers.”
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