Artesian water company announces credit to delaware customers with proceeds from settlement agreement

Newark, del., oct. 24, 2022 (globe newswire) -- artesian resources corporation (nasdaq: artna), a leading provider of water and wastewater services, and related services, on the delmarva peninsula, today announced that its principal operating subsidiary, artesian water company, inc. (artesian water), received approval from the delaware public service commission (de psc) to return to its customers proceeds from a settlement agreement with the delaware sand & gravel trust (the trust), which is responsible for remediation of releases from a former landfill operation designated as a superfund site by the u.s. environmental protection agency. the proceeds, to be paid in four annual installments, are reimbursement for investments made by artesian water in water treatment systems at its northern new castle county, delaware llangollen well field to ensure its water continues to meet all state and federal drinking water standards. as a strong environmental steward and responsible water utility, artesian proactively monitors groundwater for potential regulated and unregulated contaminants, treating the water as necessary.
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