Price UpdateJul 1, 2026, 04:31 PM
American Water Subsidiary Seeks $179M Rate Hike
AI Summary
Missouri American Water, a subsidiary of American Water Works Company, Inc., has filed a request with the Missouri Public Service Commission for new water and wastewater rates. The request seeks approximately $179 million in annualized incremental revenue, primarily driven by $1.6 billion in planned capital investments from June 2025 through May 2028. If approved, new rates are anticipated to take effect in June 2027, with average residential bills potentially increasing by $15-$23 per month.
Key Highlights
- Requested $179 million in annualized incremental revenue.
- Driven by approximately $1.6 billion in capital investments (June 2025-May 2028).
- Proposed return on equity (ROE) of 10.50%.
- Capital structure with 50.3% equity and 49.7% long-term debt.
- Anticipated new rates to take effect in June 2027.
- St. Louis County average residential bill increase of approximately $23 per month.
- Outside St. Louis County average residential bill increase of about $15 per month.
Price Impact
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