New Jersey American Water Co. is trying to secure state Board of Public Utilities approval for a measure that will allow the company to hit customers with regular rate hikes, The Times of Trenton reported Saturday.
The measure means thousands of suburban Trenton Water Works customers set to be sold to the company for $80 million could face ballooning water costs in the near future.
That deal, however, remains held up in court where a battle continues over a citizen’s petition whose authors sought to put the deal to a public vote because of how the deal compromises Trenton’s ability to generate non-tax revenue.
Until that matter is settled, suburban Trenton water customers will be shielded from the regular rate increase system, which is adamantly opposed by the state Public Advocate’s office.
This latest water news looks like one more reason why it’s best to keep water public, generating revenue for Trenton and a cheap, safe product for all customers.