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business14h ago
American Water Works Company, Inc. Files Rate Request with NJBPU
- AWK filed a rate request with the New Jersey Board of Public Utilities for $146 million in additional annual revenue.
- The plan supports about $1.4 billion in infrastructure investments.
- Return on equity is proposed at 10.75%.
- Average residential water bills could rise by about $10 per month.
- The plan includes expanded customer assistance programs.
- The filing seeks to return tax-related savings to customers.
- The information is based on the company’s SEC filing disclosures.
- The news is reported by TradingView News.
- The filing targets regulatory approval in New Jersey.
- The update is part of American Water Works Company, Inc.'s ongoing regulatory strategy.
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