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Question: What is this going to cost the rest of the customers of the City of Chesapeake’s water and sewer system?
Response: While the acquisition increases our costs, it also increases our revenue. Over time, the entire cost of this acquisition and construction work will be recaptured by the rates paid from the residents of the Aqua Virginia territory. All customers’ rates cover both operational and capital costs of constructing, operating and maintaining our water system. In this case, the capital cost is being expended up front, but the rates from the additional customers, over time, will be sufficient to cover these construction costs.