The Arizona Corporation Commission approved Truxton Canyon Water Company’s application to incur long-term debt in order to build an arsenic treatment facility. Customers in Valle Vista, near Kingman, have been concerned about the safety of their water.
The Arizona Department of Environmental Quality (ADEQ) found arsenic in the water that exceeded standards and found the company had major deficiencies in operating and monitoring the water quality.
The company previously was authorized to borrow $350,950 from the Water Infrastructure Finance Authority (WIFA) for the construction of an arsenic treatment facility. Truxton Canyon Water Company must pay $40,298 annually to cover principle, interest, reserve fund, and taxes associated with the loan. Today the Commission approved the company’s application for a loan surcharge mechanism to cover those costs. That will add $2.17 to the average customer’s bill. Truxton Canyon must notify customers of the surcharge within 30 days.
Truxton Canyon serves approximately 950 residential and commercial customers near Kingman in Mohave County, Arizona.