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. [Read more…]