Rate Increase

 

October 15, 2015

 

Dear Customers of Moffat Water Supply Corporation,

 

Effective December 15, 2015, water rates will change as outlined below. MWSC Directors approved these new rates and a new TCEQ Tariff during the Board Meeting on Monday, September 21, 2015. A copy of the new Tariff, also effective December 15, 2015, is available at the Corporation office and on our website www.moffatwatersupply.com.

 

Recent-year expansion and system distribution improvement projects restored us to compliance with the Texas Commission on Environmental Quality (TCEQ) 0.6 gallons per minute per connection mandate. We’ve now also replaced all meters with Automatic Meter Reading (AMR) units to improve accuracy and reduce labor cost.  The Board-approved 2015-16 Budget honors MWSC’s Bylaw and Loan Covenant reserve requirements[1] and projects earnings sufficient to meet payments toward principal on our loans. No new Capital Improvements are planned for the upcoming fiscal year. 

 

Please know the Board and Staff deliberated on budget and rate considerations with great diligence and commitment.  As Customers ourselves, we share your disappointment in the news of this rate increase.  It is our hope you’ll recognize these actions are necessary to ensure Soundness, Safety, and Solvency and keep Moffat Water Supply Corporation positioned for continued growth and development within our community.

 

[1] Bylaws specify MWSC maintain a 3-month Operating Expense reserve; USDA and TWDB loan covenants outline debt service coverage requirements.

 

CURRENT RATES                                                                               NEW RATES* Effective December 15, 2015

BASE (only) Rates by Meter Size:

¾” (Standard-size) Meter - $36.80 per month

1” Meter - $78.50 per month

2” Meter – $234.00 per month

BASE (only) Rates by Meter Size:

¾” (Standard-size) Meter - $40.00 per month

1” Meter - $100.00[1] per month

2” Meter – $320.00[2] per month

USAGE Rates (applies to all Meter Sizes):

1.   Water - $3.65 per 1,000 gals. from 0,001 to 3,000 gallons

2.   Water - $3.90 per 1,000 gals. from 3,001 to 5,000 gallons

3.   Water - $4.15 per 1,000 gals. from 5,001 to 7,000 gallons

4.   Water - $4.40 per 1,000 gals. from 7,001 to 9,000 gallons

5.   Water - $4.65 per 1,000 gals. from 9,001 to 19,000 gallons

6.   Water - $4.90 per 1,000 gals. from 19,001 to 34,000 gallons

7.   Water - $5.15 per 1,000 gals. from 34,001 to 49,000 gallons

8.   Water - $5.65 per 1,000 gals. from 49,001 to 74,000 gallons

9.   Water - $6.15 per 1,000 gals. from 74,001 to 99,000 gallons

10. Water - $6.65 per 1,000 gals. from 99,001 to 124,000 gallons

11. Water - $7.15 per 1,000 gals. over 124,000 gallons

USAGE Rates (applies to all Meter Sizes):

1.   Water - $3.90 per 1,000 gals. from 0,001 to 3,000 gallons

2.   Water - $3.90 per 1,000 gals. from 3,001 to 5,000 gallons

3.   Water - $4.15 per 1,000 gals. from 5,001 to 7,000 gallons

4.   Water - $4.40 per 1,000 gals. from 7,001 to 9,000 gallons

5.   Water - $4.65 per 1,000 gals. from 9,001 to 19,000 gallons

6.   Water - $4.90 per 1,000 gals. from 19,001 to 34,000 gallons

7.   Water - $5.15 per 1,000 gals. from 34,001 to 49,000 gallons

8.   Water - $5.65 per 1,000 gals. from 49,001 to 74,000 gallons

9.   Water - $6.15 per 1,000 gals. from 74,001 to 99,000 gallons

10. Water - $6.65 per 1,000 gals. from 99,001 to 124,000 gallons

11. Water - $7.15 per 1,000 gals. over 124,000 gallons

NEW SERVICE, by Meter Size:

¾” (Standard-size) Meter – Membership: $441.60; Installation: $640.00; Impact Fee:  $1,200.00

1” Meter – Membership:  $942.00; Installation: $640.00; Impact Fee: $1,200.00

2” Meter – Membership:  $2,808.00; Installation: $640.00; Impact Fee: $1,200.00

NEW SERVICE, by Meter Size:

¾ “ (Standard-size) Meter – Membership[3]: $480.00; Installation: $800.00; Impact Fee:  $1,200.00

1” Meter – Membership:  $1,200.00; Installation: $ 900.00; Impact Fee: $1,200.00

2” Meter – Membership:  $3,840.00; Installation: $ 1275.00; Impact Fee: $1,200.00

 

[1] Per Tariff, Base Rate for 1” Meter is 2.5x Base of Standard Size Meter

[2] Per Tariff, Base Rate for 2” Meter is 8x Base of Standard Size Meter

[3] Per Tariff, Membership Fee for each Meter Size is equal to 12x its Base Rate.