California American Water Files Partial Settlement Agreement in General Rate Case

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The agreement allows for an additional $24 million in 2027, $21 million in 2028, and $22 million in 2029, pending the resolution of the Construction Work in Progress (CWIP) issue. Simultaneously, Virginia American Water filed a stipulation of settlement with the Virginia State Corporation Commission, agreeing to a $16 million annualized revenue increase. Both filings are part of ongoing general rate cases and will impact future revenue and rates.

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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.