NJ BPU approves $79.5M rate increase for American Water's NJ unit, less than $161.7M sought

American Water Works Company, Inc.

NJBPU approved $79.5M annualized water/wastewater revenue increase for New Jersey American Water, effective Sept 15, 2024.
Rate increase based on 9.6% ROE, $5.05B rate base, 55% equity ratio; prior rate base was $4.15B.
More than $1.3B in capital investments since last 2022 rate case drove the increase.
Average water bill rises ~$5.33/month, wastewater ~$5.68/month; Universal Affordability Tariff approved.

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