West virginia american water receives approval of 2023 distribution system improvement charge

Charleston, w.va.--( business wire )--in an order entered today, the public service commission of west virginia (psc) approved a joint agreement reached last month in west virginia american water's request for approval of its 2023 infrastructure replacement program, referred to as a distribution system improvement charge (dsic). the joint agreement was reached between west virginia american water, psc staff, and the psc's consumer advocate division. the dsic program and its associated surcharge mechanism allow the company to receive more timely cost recovery of certain infrastructure investments deemed just, reasonable, and in the public interest, enabling the company to accelerate its infrastructure replacement and reliability program.
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