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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Middlesex Water Company | NASDAQ:MSEX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.71 | 1.35% | 53.13 | 51.63 | 54.95 | 53.15 | 52.12 | 52.78 | 89,961 | 01:00:00 |
The New Jersey Board of Public Utilities requires residential meters be replaced and tested on a recurring schedule, typically ten years for most residential customers. However gaining access to homes to perform these change outs throughout its 780-mile system has become a challenge for the Company, thus the decision to relocate meters to the exterior of the home. As the Company performs water main construction or encounters meter access issues, it is systematically prioritizing those meters for replacement. Meter relocation is typically a two-step process involving the installation of an exterior meter pit first and then following later with the relocation of the interior meter to the outdoor, company-owned meter pit. The actual meter relocation will occur depending on meter age and where it falls in the 10-year change out schedule. This could be immediately after the pit is installed or even weeks, months or years later.
Meter Relocation offers Customer Benefits
“Installing the exterior meter pits as we are performing water main work in the same area is an efficient way to approach this initiative, said Brian Carr, Middlesex Water Director of Engineering. “The actual meter relocation from indoors to outdoors takes only a few minutes and can be accomplished when the meter reaches the end of its useful life,” he added.
Customers of affected premises will receive advance notice of scheduled meter work and relocation. All meter relocation work will be performed by Middlesex Water personnel or its contractors at no cost to customers. The location of the meter pit, typically in the planter area (between the curb and sidewalk) or in the sidewalk is based on field conditions such as buried underground utilities or available space. Following the installation of an exterior meter pit, Middlesex will perform temporary restoration, followed by more complete restoration within one to three months, weather permitting.
This program is one of several under the Company’s Water for Tomorrow® initiative designed to strengthen the water system infrastructure to help ensure greater reliability, safety and resiliency.
About Middlesex Water
Middlesex Water Company, (NASDAQ:MSEX) established in 1897 provides regulated and unregulated water and wastewater utility services in New Jersey, Delaware and Pennsylvania through various subsidiary companies.
Contact: Bernadette Sohler, Vice President – Corporate AffairsMiddlesex Water Company (732) 638-7549 www.middlesexwater.com
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