Price UpdateJul 6, 2026, 04:27 PM
American Water Works Subsidiary Files for $179M Rate Increase
AI Summary
American Water Works Company's subsidiary, Missouri American Water, has filed a request with the Missouri Public Service Commission (MoPSC) for new water and wastewater rates. The request aims to generate approximately $179 million in annualized incremental revenue, primarily to support $1.6 billion in capital investments planned from June 2025 through May 2028. If approved, new rates are expected to take effect in June 2027, with an average residential customer in St. Louis County seeing a $23 monthly increase.
Key Highlights
- Missouri American Water filed a request for new water and wastewater rates with the MoPSC.
- The request seeks approximately $179 million in annualized incremental revenue.
- It excludes approximately $32 million in infrastructure surcharges, with $18 million pending approval.
- The request is based on a 10.50% return on equity and a 50.3% equity capital structure.
- The increase is driven by approximately $1.6 billion in capital investments from June 2025 to May 2028.
- New rates are anticipated to take effect in June 2027, following an 11-month review process.
- Average St. Louis County residential customer bill could increase by $23 per month.
- Average residential customer outside St. Louis County bill could increase by $15 per month.
Price Impact
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