Settlement could mean 12% water bill hike - WRCBtv.com | Chattanooga News, Weather & Sports

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Settlement could mean 12% water bill hike

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Water is processed at the Tennessee American Water Co. facility off Riverside Drive. Photo by Angela Lewis/Times Free Press Water is processed at the Tennessee American Water Co. facility off Riverside Drive. Photo by Angela Lewis/Times Free Press

CHATTANOOGA, TN (Times Free Press) --  Thousands of Chattanooga consumers would see about a 12 percent hike in their monthly water bills instead of the 24.9 percent increase originally sought by Tennessee American Water under a proposed settlement between the company and state Attorney General Bob Cooper.

The agreement, filed late Monday afternoon, will have to be approved by the Tennessee Regulatory Authority in the company's pending rate case before it is final.

In a statement issued Monday evening to the Chattanooga Times Free Press, Cooper said, "We feel this is an appropriate settlement for consumers while giving [Tennessee American] an acceptable rate of return."

Tennessee American President Deron Allen said, "We look forward to the TRA's consideration of any such agreed resolution at the appropriate time."

Read more from our news partners at the Chattanooga Times Free Press.



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