Won’t our water bills go up if we own the system?

A:

If the cost of the water system is up to $80 million, residents will not see an increase in their water bills over what GSW would charge. If the cost is over $80 million, the rates will increase for a limited time.  If the cost  were $120 million for example, the average water bill would initially go up by an estimated $21 per month, would break even (compared to GSW) after several years and be lower after that.  Increases should be less for light users, more for heavy users. Rates would drop sharply as the bond is repaid and in the end we would own the system. GSW will continue to obtain increases from the CPUC that will raise rates.