AlexRenew is proposing a two-year sewer rate adjustment to help fund the ongoing construction of RiverRenew, scheduled for completion in late 2025. The adjustment will also support upgrades at our wastewater treatment facility to clean wastewater 24/7/365 and manage additional wet weather flows delivered as part of RiverRenew.
This investment in Alexandria’s clean water future requires existing wastewater treatment rates to be increased by 6.9 percent on July 1, 2021, and by 6.5 percent on July 1, 2022. An average residential customer may see a difference of about $4 per month for each of these increases, or an average increase of about $50 per year.
Federal and state low-interest water loan programs were used to secure debt financing for RiverRenew. These programs offer very low interest rates, helping to reduce the originally projected rate increases.