Pure Cycle Corp. (PCYO) announced that effective July 1, 2006, it will raise water tap fees to $16,840 from $14,740, a 14% increase. In addition, Pure Cycle's monthly water usage rates will increase an average of 3%. Wastewater taps fees of $4,883 and monthly wastewater fees of $34.80 will remain unchanged. [ more ]
The shares of Pure Cycle were up over 12% today on the news of this rate increase.
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