• 10 May 2010 /  Cost of Water

    The Cape Fear Public Utility Authority that regulates water for Wilmington, N.C. and Brunswick County raised water rates 14% effective 5/1/2010. This is their second rate increase this year. Water rates are rising across the country as states are becoming more and more aware of the supply / demand imbalance and begin to move toward pricing water at its true (i.e. unsubsidized) cost. Given the budgeting problems caused by the economy, more municipalities are raising rates to pay for capital improvement projects. They can no longer afford to subsidize water rates. Rising water rates correlate positively with both property owners’ interest in conservation solutions and the associated payback periods or return-on-investment.

    Source: Cape Fear Public Utility Authority Website.