American Water Works Company, Inc.
Kentucky American Water Receives Regulatory Approval for New Water Rates
Summary
Kentucky American Water, a subsidiary of American Water Works Company, Inc., has received approval from the Kentucky Public Service Commission (KPSC) for an annualized $17.3 million increase in water rates, effective November 6, 2024. This follows a previous order and rehearing request related to the company's June 2023 rate adjustment request. The new rates are intended to support $330 million in water system investments aimed at infrastructure improvements, including pipe replacement and water treatment plant upgrades.
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About American Water Works Company, Inc.
American Water Works Company, Inc. is a prominent utility company that provides water and wastewater services across the United States. It primarily focuses on the operation and maintenance of water and wastewater utilities, ensuring the delivery of reliable clean water and proper treatment of wastewater for residential, commercial, and industrial customers. With a strong commitment to sustainability and community support, American Water Works is engaged in essential environmental stewardship practices to preserve natural resources. Serving millions of people, the company operates through subsidiaries in several states, playing a critical role in the water infrastructure sector. Its services ensure compliance with federal and state regulations, which safeguards public health and the environment. In the financial market, American Water Works is recognized for its stable operations and contributions to the utility sector, offering investors exposure to a critical and typically regulated industry that remains vital regardless of economic cycles.
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