CPUC approves $20.9M annual revenue increase for American Water's Cal Am subsidiary

American Water Works Company, Inc.

CPUC approved partial settlement providing incremental annualized revenues of $20.9M (2024), $15.9M (2025), and $15.9M (2026).
New rates retroactive to Jan 1, 2024; implementation expected in Feb 2025.
CPUC authorized $390M in new infrastructure investment for water and wastewater systems.
CPUC denied Cal Am's proposed decoupling mechanism; company may file for rehearing.
Customer assistance discounts increased from 20% to 25% (North/South CA) and 30% to 35% (Central CA).

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