regulatory
confidence high
sentiment positive
materiality 0.65
West Virginia American Water gets PSC approval for $20.5M annual rate increase
American Water Works Company, Inc.
- Authorized annualized revenue increase of $20.5M, excludes $12.7M in prior infrastructure surcharges.
- Order based on 9.8% ROE, 51.0% common equity ratio, and $1.1B rate base.
- Supports $239M in water and wastewater system investments since last rate case in 2024.
- Residential water bill up ~$6/month; wastewater up ~$7/month for 3,000-gallon usage.
- New 20% discount for low-income customers on SRRRS tariff introduced alongside rate change.
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