Illinois American Water gets $110.6M annualized rate increase from ICC

American Water Works Company, Inc.

ICC approved $110.6M revenue increase (vs. $140M step 1 requested; $16M step 2 denied). Effective Jan 1, 2025.
Authorized ROE 9.84%, rate base $2.19B, equity 49% vs. prior 9.78% ROE on $1.64B rate base.
Increase driven by ~$557M capital investments in 2024-2025, including 44 miles of pipeline replacement.
Typical residential water bill +$16/mo; wastewater +$8.50/mo.
ICC also approved expansion of income-based discount tariff.

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