Artesian Resources Corporation's Commitment to Customers
Artesian Resources Corporation (NASDAQ: ARTNA), a prominent provider of water and wastewater services, is taking a significant step to benefit its Delaware customers. The Delaware Public Service Commission has approved Artesian Water Company, Inc. to return funds stemming from a national class action lawsuit concerning PFAS contamination in drinking water systems.
Understanding the Settlement
The 3M Company, a major contributor to this issue, has provided Artesian with approximately $7.2 million from the settlement. This funding is crucial not just for holding responsible parties accountable, but also for alleviating some of the heavy costs Artesian has incurred while ensuring the safety of the water supplied to its customers. As a result, active customers in Delaware as of early December will benefit from a bill credit of around $73, which will appear on their next water bill.
Proactive Measures for Public Health
“At Artesian, ensuring the delivery of safe and reliable drinking water to our customers is paramount,” said Nicki Taylor, who serves as the Chair, President, and CEO of the company. She emphasized that long before any federal guidelines were enacted, Artesian took proactive measures to test for and mitigate PFAS levels in the water. With the funds obtained from this settlement, Artesian aims to support its customers financially, mitigating the burden of costs associated with PFAS contamination treatment.
What are PFAS Chemicals?
Per- and polyfluoroalkyl substances, commonly referred to as PFAS, are man-made chemicals that have been utilized extensively across many industries since the 1940s. Known for their durability, these substances are found in various applications, including firefighting foam, household products, and even in non-stick pans. However, due to their persistent nature, PFAS can accumulate in the environment, leading to potential contamination of drinking water supplies.
About Artesian Resources Corporation
Artesian Resources Corporation isn't just a water service provider; it operates as a holding company of wholly owned subsidiaries that manage water and wastewater services across the Delmarva Peninsula. The flagship subsidiary, Artesian Water Company, is the oldest and largest regulated water utility in the region and has been serving the community since 1905. Each year, Artesian delivers an impressive 9.5 billion gallons of water through an extensive network of 1,491 miles of pipeline, reaching over a third of Delaware’s population.
Contact Information
For more information, customers and interested parties can reach out to Virginia Eisenbrey from the Communications department at (302) 453-6900 or via email at veisenbrey@artesianwater.com.
Frequently Asked Questions
What does the PFAS settlement mean for Artesian customers?
The settlement allows Artesian to return a portion of the funds to its customers through bill credits, reducing the financial burden of PFAS treatment costs.
How will the bill credits be applied?
Active customers in Delaware as of December 1 will receive a credit of about $73 on their upcoming water bills.
What is Artesian's approach to water safety?
Artesian prioritizes the delivery of safe water by implementing proactive measures to test and treat for contaminants, including PFAS.
What are PFAS and why are they a concern?
PFAS are harmful chemicals that can persist in the environment and have been linked to various health risks, making their presence in drinking water a significant public health issue.
How long has Artesian been providing water services?
Artesian Water Company has a long history, having been established in 1905, and continues to serve a vast population in the Delmarva Peninsula area.
