American Water Subsidiaries Settle Rate Cases for $24M and $16M Increases

American Water Works Company, Inc. announced that its subsidiaries, California American Water (Cal Am) and Virginia American Water, have filed partial settlement agreements in their respective general rate cases. Cal Am reached a partial settlement with the California Public Utilities Commission's Public Advocates Office, agreeing to $24 million in incremental annualized revenue for 2027, a reduction from its initial request. Virginia American Water settled with the Virginia State Corporation Commission staff and intervenors for a $16 million annualized revenue increase, also below its initial request. Both settlements are driven by significant capital investments in infrastructure.