Cal Am partial settlement for $24M annual revenue; Va Am settles for $16M

American Water Works Company, Inc.

Cal Am partial settlement with CPUC: $24M incremental annual revenue in 2027 test year, down from requested $43M.
Virginia American Water settlement: $16M annualized revenue increase vs. $22M sought; ROE set at 9.75%.
Both settlements subject to regulatory approval; Cal Am's CWIP issue unresolved—if excluded, 2027 revenue falls to $20M.
Cal Am $750M capital investments (2025-2028); Va Am $115M capital investments (May 2025-April 2027).
New Cal Am rates effective Jan 1, 2027; Va Am interim rates May 2, 2026, with refund if final differs.

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