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Rates
Current Schedule of Rates, Fees and Charges
The current schedule of rates, fees and charges may
be viewed by clicking the link below.
Fairfax Water rates remain the lowest in the region.
Click here to view a comparison chart of local water rates.
Rate Increase Effective April 1, 2009–
Rates Remain Lowest in Region
On Thursday, December 11, 2008, Fairfax Water approved revisions to
its Schedule of Rates, Fees and Charges to be effective with meter
readings taken on or after April 1, 2009. Even with the increase,
Fairfax Water’s rates remain the lowest in the Washington
metropolitan region.
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The rate
increase safeguards Fairfax Water’s AAA ratings from the
three top financial rating agencies. At nearly $37 million
annually, debt cost is the largest single expense of Fairfax
Water. This is important as the water industry is one of the
most capital intensive of all businesses. In fact, our industry
is 2 to 3 times more capital intensive as the electric industry.
Fairfax Water is one of only a handful of water utilities in the
country to receive AAA ratings from all three top rating
services. The AAA bond ratings reflect a high level of
confidence in Fairfax Water’s financial management and equates
to lower interest costs and lower over all rates.
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Fairfax
Water has experienced significant cost increases for fuel,
power, chemicals, and construction materials. Increases in these
factors have far outpaced normal inflation.
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Continuous improvements to our infrastructure are necessary to
ensure the supply, quality, and reliability of your drinking
water. Enhancements over the past several years generated
capital expenditures of $400 million, with another $600 million
anticipated over the next 10 years. Capital improvements
included completion of the new Griffith treatment plant and an
extensive expansion of the Corbalis treatment plant.
It is always
our priority to continue to provide our customers with the best
quality water; it is a privilege to do so at the lowest rates in the
region.
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