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The Public Service Commission of Maryland approved a settlement for Maryland American Water's general rate case…
AWKAmerican Water Works Company, Inc.
The Public Service Commission of Maryland approved a settlement for Maryland American Water's general rate case, authorizing a consolidated annualized revenue increase of approximately $2 million. Driven by $22 million in capital investments since 2019, the revenue increase will be phased in between now and January 2027 at a 9.75% return on equity. This settlement allows the company to recover costs from recent infrastructure spending, providing predictable revenue growth for the subsidiary.