York Water Company Announces Landmark Rate Settlement and Major Infrastructure Investment

Key Points from the February 19, 2026 SEC Filing (Form 8-K)

• Settlement of Rate Request: York Water Company has reached a settlement with the Pennsylvania Public Utility Commission regarding its rate request.
• Investment Commitment: The approved package supports a \$145 million investment in water and wastewater services across Adams, Franklin, Lancaster, and York Counties.
• Infrastructure Upgrades: The rate adjustment will fund critical improvements, including:
  • Replacing, reinforcing, and relining aging water mains, meters, hydrants, and service lines.
  • Expanding wastewater treatment plants.
  • Upgrading company-owned facilities such as storage tanks, pump stations, and water/wastewater treatment facilities to maintain regulatory compliance.
• Enhanced Customer Support: The settlement doubles the amount available for low-income customer assistance programs, benefiting more customers.
• Regulatory Compliance: Investments aim to ensure continued compliance with state and federal regulations, reducing future operational risk.
• Shareholder Impact: The settlement and capital program signal York Water’s commitment to long-term asset quality, service reliability, and customer support, potentially impacting future earnings and share valuation.

Details Investors Should Know

The settlement marks a significant milestone for York Water Company and its shareholders. The company’s \$145 million capital program is one of its largest in recent years and is directly linked to increased rates, which will enhance revenue streams. This investment is not only aimed at modernizing critical infrastructure but also at expanding service capacity and improving operational resilience.

The doubling of low-income assistance demonstrates York Water’s focus on social responsibility and regulatory goodwill, which may positively influence public perception and regulatory relations. The company’s ability to secure approval for a substantial rate increase suggests strong support from state regulators and confidence in its long-term growth strategy.

For shareholders, these actions are potentially price sensitive:

• Revenue Growth: Higher rates can lead to improved top-line results, supporting dividend stability and growth.
• Asset Value: Investment in infrastructure may enhance the company’s asset base, reduce maintenance costs, and improve reliability.
• Risk Mitigation: Upgrades and regulatory compliance reduce exposure to fines or service interruptions, supporting long-term earnings quality.
• Market Position: Expansion and modernization may strengthen York Water’s competitive position in Pennsylvania.

Additional Corporate Information

• Company Name: York Water Company
• Trading Symbol: YORW
• Exchange: The Nasdaq Global Select Market
• Business Address: 130 East Market Street, York, Pennsylvania 17401-1219
• Industry: Water Supply (SIC: 4941)
• Emerging Growth Company: York Water is not classified as an emerging growth company.

Potential Implications for Shareholders

The approval of the rate adjustment and accompanying capital program is likely to be viewed positively by investors seeking stability and growth in regulated utilities. The company’s proactive approach to infrastructure and customer support may attract ESG-oriented investors and enhance long-term shareholder value. However, investors should monitor the impact of higher rates on customer retention and regulatory developments.

Disclaimer: This article is intended for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Please consult a qualified financial advisor before making any investment decisions. The information is based on publicly available filings and may be subject to change.

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