American Water granted new rates by Indiana Utility Regulatory Commission

The Indiana Utility Regulatory Commission issued an order approving base rate adjustments on a statewide basis for Indiana American Water following a comprehensive 11-month review process. The company’s rate adjustment request, which was filed on March 31, 2023, was driven primarily by approximately $875 million in water and wastewater investments since the last approved rate adjustment, to be made through April 2025, as well as increases in the cost of procuring chemicals, goods and services. The order includes a $66.3 million adjustment to existing authorized operating water and wastewater revenues to address the increased investment and expenses. The increase will be implemented through a phased, three-step process through May 2025.