Maryland American Water Receives Rate Increase Approval from MDPSC

Details

The approved settlement includes a consolidated annualized increase in water revenues of approximately $2 million, supporting approximately $22 million in completed capital investments since 2019. The rate adjustment will be implemented over two years, with the first increase of approximately $10 per month for residential customers in Bel Air and a $1.50 per month increase for Severn District customers, effective February 26, 2026. The second phase of the rate increase will be effective January 1, 2027.

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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.