Artesian Resources Says DEPSC Order Was Issued Approving Settlement Agreement Entered Into On May 22, Between Artesian Water, Staff Of DEPSC, DPA; On June 12, DEPSC Approved Artesian Water's Application To Implement A DSIC Charge Of 0.34%, Effective July 1, 2024; July 1, 2024 DSIC Is Subject To Periodic Audit By The DEPSC
Portfolio Pulse from Benzinga Newsdesk
Artesian Resources announced that the Delaware Public Service Commission (DEPSC) has approved a settlement agreement involving Artesian Water, DEPSC staff, and the Division of the Public Advocate (DPA). Additionally, DEPSC approved Artesian Water's application to implement a Distribution System Improvement Charge (DSIC) of 0.34%, effective July 1, 2024. This DSIC is subject to periodic audits by DEPSC.
June 17, 2024 | 4:25 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Artesian Resources received approval from DEPSC for a 0.34% DSIC charge, effective July 1, 2024. This regulatory approval is expected to positively impact the company's revenue stream, although it is subject to periodic audits.
The approval of the DSIC charge by DEPSC is a positive development for Artesian Resources as it allows the company to implement a new charge that will likely enhance its revenue. The periodic audits ensure compliance but do not negate the immediate positive impact of the approval.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100