THE RICH KEEP GETTING RICHER!!

NJ AMERICAN WATER GETS WATER RATE INCREASE....

Like they really need it!!
In case you were wondering, the stocks are down 1.6% so far today...


The subsidiary of Voorhees, N.J.-based American Water Works Co. (NYSE:AWK) said average residential customers, who use 7,000 gallons of water a month, will see their monthly bills rise $4.71 to $49.25 from $44.54.
New Jersey American Water also said:
• Customers of what were the Elizabethtown and Mount Holly water systems will see their monthly bills rise $8.37 to $43.92 from $35.55;
• Customers of the former Pennsgrove system will see their monthly bills go up $6.23 to $32.28 from $26.05;
• And customers of the former South Jersey Water Supply Co. will see their monthly bills increase $9.10 to $43.92 from $34.82.
Additionally, New Jersey American Water said the New Jersey Board of Public Utilities granted its request to transition customers in the former Elizabethtown and Mount Holly systems, Harrison, Pennsgrove, Adelphia, Chester Borough and Mount Ephraim from quarterly to monthly billing next year.
New Jersey American Water filed for the rate increase in January. It said the increase reflects the costs of serving its more than 2.5 million people and the investment of more than $325 million to replace and upgrade its infrastructure.American Water is the largest publicly traded owner of water and wastewater systems based in the United States with subsidiaries serving about 15 million people in 32 states and Ontario, Canada.