Sep 6, 2011 7:13 AM by Lauren Wilson & AP
GONZALES, La. (AP) - Ascension Water Co., the major water provider on Ascension Parish's east bank, wants an average 18 percent rate increase from its customers.
A subsidiary of the privately held Baton Rouge Water Co., Ascension Water serves unincorporated areas, such as Prairieville, and the town of Sorrento.
The Advocate reports the company's rate request cites capital costs to match population growth and a 2006 franchise agreement with Ascension Parish government mandating fire hydrants in subdivisions that lack them.
A hearing on the rate request is set for Wednesday in Baton Rouge.
According to the rate application, Ascension Water wants an increase in its base and usage rates.
Since 1994, the company says Ascension Water has spent $53.4 million on improvements, including $18.7 million since the 2006 rate increase.
9 hours ago