The company said its subsidiary Illinois American Water filed new water and wastewater rate tariffs with the ICC on January 25, 2024, seeking a two-step increase that would add about $136 million in annualized incremental revenue effective January 1, 2025 and about $16 million effective January 1, 2026.

1. 01

   The company said its subsidiary Illinois American Water filed new water and wastewater rate tariffs with the ICC on January 25, 2024, seeking a two-step increase that would add about $136 million in annualized incremental revenue effective January 1, 2025 and about $16 million effective January 1, 2026.

2. 02

   The company said the filing is based on a proposed return on equity of 10.75%. It said the first step assumes a capital structure of 52.27% equity and 47.73% debt, and the 1 step assumes 54.43% equity and 45.57% debt. The 2 step is listed as the second step.

3. 03

   The company said the filing is driven mainly by an estimated $557 million in capital investments made or to be made by Illinois American Water from January 2024 through December 2025. The filing divides these investments into $421 million for water and $136 million for wastewater.

4. 04

   The company said the filing must be approved by the ICC and, if approved, new rates are expected to take effect in early 2025. The company also said the filing is a first step in the 11-month ICC rate review process and that customer rates are not changing at this time.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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