October 23, 2012

Des Moines Water Works Announces 2013 Budget and Zero Rate Increase for Most Customers

DES MOINES, Iowa (October 23, 2012) – The Board of Water Works Trustees has proposed Des Moines Water Works’ 2013 calendar year budget, which includes a zero rate increase for Des Moines and wholesale water customers.  In some communities served by Des Moines Water Works – such as unincorporated Polk County, Pleasant Hill, Cumming, Alleman and Runnells –  who have more significant infrastructure needs, Des Moines Water Works has increased rates for residential customers by five percent.

The proposed budget includes $50.4 million of operating revenue.  Operating expenses are budgeted at $33.3 million, while capital infrastructure costs are budgeted at $19.4 million.  The Board of Water Works Trustees will hold a public hearing for the proposed 2013 budget on Tuesday, November 27, 2012, at 3:30 p.m.

“The Board’s actions are the result of significant efforts by staff to reduce costs during a period of difficult economic challenges for our customers,” said Bill Stowe, CEO and General Manger, Des Moines Water Works.  “However, a zero rate increase will not likely be repeated as the Board moves toward greater investment in the water utilities’ infrastructure and rate increases more consistent with the challenges of producing and delivering water.”

For a complete listing of Des Moines Water Works’ 2013 water rate structure, visit www.dmww.com.  New water rates will go into effect April 1, 2013, for those customers with rate increases.

Posted by: Laura Sarcone No Comments
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