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Posted on: November 22, 2021

2022 Budget and 2022-2024 Rate Schedules Approved by Board

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Typical retail customers in city of Charleston to see annual $0.15 daily increase for combined water and sewer service.

Our Board of Commissioners approved the utility’s 2022 budget and rate schedules for 2022 through 2024 at its regular monthly meeting November 18. The rate schedules reflect overall revenue increases of 5% and 6% for water and wastewater respectively effective January 1 each year. Wholesale municipal and subdivision water rates will increase by an average 5% and 2.5% respectively, effective March 1, 2022, and January 1, 2023 and 2024.

“Our staff and Board work tirelessly to be sure that we only raise rates when absolutely necessary.” said CEO Kin Hill. “These rate increases match inflation projections and help to keep pace with rising market prices for our utility’s goods and services.”

A typical residential customer inside the city of Charleston who uses six hundred cubic feet of water per month (4,488 gallons) will see an annual $0.15 per day total increase on a combined water and sewer bill. Customer bills vary depending on how much water is used, where they’re located, and their meter size.

Revenue generated will fund needed capital improvements, replacement of aging infrastructure, and continued operation and maintenance of the water and sewer systems. The utility’s projected operating expenses for these years are as follows: 2022 ($104,949,800), 2023 ($110,446,400), 2024 ($114,734,700).

Hill added, “Our water and wastewater infrastructure is critical to nearly every aspect of daily life across the Lowcountry, so we must acquire the appropriate funding necessary for proper system maintenance, expansion of customer growth, and to maintain both regulatory compliance and our excellent bond rating.”

Complete rate schedules for 2022 through 2024 are available on this website. Navigate to Customers, then choose Rates and Fees.

 

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