Artesian water company, inc. files application with delaware public service commission for increase in customer rates

Newark, del., april 04, 2025 (globe newswire) -- artesian water company, inc. (“artesian”), a subsidiary of artesian resources corporation (nasdaq: artna), filed an application with the delaware public service commission (psc) today for a change in customer rates. the rate application submitted to the psc for review and approval consists of a requested increase in revenue of 12.41%, or approximately $10.8 million, on an annualized basis. the increase also reflects the recovery of investments made under the distribution system improvement charge (dsic) of 1.66% currently in place that will reset to 0.0% once new base rates are implemented, meaning the incremental increase to existing billed rates would be 10.75%. this rate filing will undergo extensive review by both the psc and the division of the public advocate (dpa).
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