After it is filed and reviewed, commissioners will have the ability to either reject or approve the settlement plan.
Water company spokeswoman Laura Jordan said attorneys planned to present the plan to commissioners at 1 p.m. Tuesday in the PSC hearing room in Charleston.
While the water company, PSC staff and the Consumer Advocate Division have agreed in principle to the settlement, the Utility Workers Union of America, which is also involved in the water rate case, did not.
Since the union did not agree to the proposed settlement, the hearing on the rate increase began Monday morning in Charleston.
Commissioners granted the water company and Consumer Advocate Division's request that their out-of-town witnesses be excused from offering testimony at the PSC hearing.
The union on Monday was allowed to offer witness testimony and cross-examine some water company officials about the rate hike and concerns it had with company service and employment levels.
Jordan said water company officials were satisfied with the terms of the proposed settlement.
"We feel confident that this joint stipulation is reasonable and fair for all parties involved and in the best interest of our customers," she said.
Consumer Advocate Division Director Byron Harris was attending Monday's hearing and did not return a message seeking comment on the proposal Monday evening.
Contact writer Jared Hunt at busin...@dailymail.com or 304-348-4836.
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