Iowa American Water granted $12.7M annualized rate increase by IUC

American Water Works Company, Inc.

IUC approved $12.7M annualized revenue increase for Iowa American Water, excluding $0.9M surcharges.
Authorized ROE of 9.60% on rate base of $262.1M; increase driven by over $157M capital investments.
Interim rates effective May 11, 2024; final effective date set after IUC review of rate filing.
Parent American Water Works (AWK) benefits from subsidiary's regulatory outcome.

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