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American Water Works settles rate cases for $40M in incremental annualized revenue across California and Virginia
AWKAmerican Water Works Company, Inc.
American Water Works Company, Inc. announced partial settlement agreements in two general rate cases for its subsidiaries. California-American Water Company reached a settlement with the CPUC to receive incremental annualized water and wastewater revenue of $24 million in 2027, $21 million in 2028, and $22 million in 2029. Virginia-American Water entered a stipulation of settlement with the VSCC for a $16 million annualized revenue increase, establishing a 9.75% return on equity and a 51.79% equity capital structure. American Water Works Company, Inc. is a water and wastewater utility provider.