American Water said its subsidiary Virginia American Water filed a general rate case on November 1, 2023 seeking $19.7 million in additional annualized water and wastewater revenue. The parties to the settlement agreed to an annualized revenue increase of $14.6 million.

1. 01

   American Water said its subsidiary Virginia American Water filed a general rate case on November 1, 2023 seeking $19.7 million in additional annualized water and wastewater revenue. The parties to the settlement agreed to an annualized revenue increase of $14.6 million.

2. 02

   The company said the parties agreed that, solely for future filings requiring a stated cost of capital or capital structure, Virginia American Water would use an ROE of 9.7%, an equity component of 45.67% and a debt and other component of 54.33%.

3. 03

   The company disclosed that the ROE approved in the 2023 rate case order was 9.7%, the approved equity component was 40.73% and the approved debt and other component was 59.27%.

4. 04

   The company cited about $110.0 million in capital investments made between May 2023 and April 2025 as the primary driver of the annualized revenue increase. Interim rates took effect on May 1, 2024, and the difference between interim and final approved rates is subject to refund. The settlement remains subject to review and approval by the SCC.

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Original filing

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