American Water Works Company, Inc.
Illinois Commerce Commission Approves New Rates for Illinois American Water
Summary
On December 5, 2024, the Illinois Commerce Commission (ICC) issued a final order approving a single increase of $110.6 million in annualized water and wastewater system revenues for Illinois American Water, a wholly-owned subsidiary of American Water Works Company, Inc. The approved rate increase, effective January 1, 2025, is primarily driven by approximately $557 million in capital investments made and to be made by Illinois American Water from January 2024 through December 2025. The increase will support continued investment in critical water and wastewater infrastructure throughout the state. Monthly water service bills for typical residential customers are expected to increase by approximately $16, and wastewater bills by approximately $8.50. The ICC also approved an expansion of the income-based discount tariff for qualifying customers.
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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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