Rate hike approved for Tennessee American Water
CHATTANOOGA (WRCB) -- Many of you may soon notice a hike on your water bill next month.
A release from Tennessee American Water says the Tennessee Regulatory Authority approved a more than 12-percent rate increase for the utility company Monday.
Tennessee American had originally requested a 25-percent increase on water.
Residents on Signal Mountain and in the Walden Ridge utility district will see no increase. But, those in the Chattanooga, Lookout Mountain, Suck Creek and Lone Oaks areas
The hike goes into effect November 1.
Under the terms of the settlement, water rates for a typical residential customer who uses 4,153 gallons of drinking water per month would:
• Increase in the Chattanooga service area by $2.38 per month, or about 8 cents per day, to $21.58 per month.
• Increase in the Lookout Mountain service area by $3.16 per month, or about 10 cents per day, to $28.08 per month.
• Increase in the Lakeview service area by $2.75 per month, or about 9 cents per day, to $24.85 per month.
• Increase in the Suck Creek service area by $5.14 per month, or about 17 cents per day, to $46.72 per month.
• Increase in the Lone Oak service area by $6.24 per month, or about 21 cents per day, to $57.68 per month.
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