American Water Works (AWK) has released an update.
Illinois-American Water Company filed for new water and wastewater rates with the Illinois Commerce Commission, proposing a two-step rate increase to generate additional revenue based on a return on equity of 10.75%. The increases are scheduled for January 1, 2025, and January 1, 2026, and are linked to the company’s capital investments of approximately $557 million planned from January 2024 through December 2025. The proposal includes a rider for environmental compliance investments and an adjustment to the volume balancing account mechanism. Approval by the ICC is pending, with new rates expected to be implemented in early 2025.
For further insights into AWK stock, check out TipRanks’ Stock Analysis page.
