American Water Works Files West Virginia Rate Case

TL;DR

AWK's WV subsidiary filed a rate case, expect price changes soon.

AI Summary

On May 5, 2025, American Water Works Company, Inc. filed an 8-K report detailing a general rate case filing for its West Virginia American Water subsidiary. This filing initiates a regulatory process that will determine future rates for water and wastewater services in West Virginia.

Why It Matters

This filing is a crucial step in the regulatory process that will impact the pricing of water and wastewater services for West Virginia American Water customers and affect the company's future revenue.

Risk Assessment

Risk Level: medium — Rate case filings are subject to regulatory approval, which can lead to outcomes that differ from the company's initial requests, impacting financial performance.

Key Players & Entities

• American Water Works Company, Inc. (company) — Registrant
• West Virginia American Water (company) — Subsidiary filing rate case
• May 5, 2025 (date) — Filing date

FAQ

From the Filing

0001410636-25-000090.txt : 20250505 0001410636-25-000090.hdr.sgml : 20250505 20250505161519 ACCESSION NUMBER: 0001410636-25-000090 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250505 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250505 DATE AS OF CHANGE: 20250505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Water Works Company, Inc. CENTRAL INDEX KEY: 0001410636 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] ORGANIZATION NAME: 01 Energy & Transportation EIN: 510063696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34028 FILM NUMBER: 25913139 BUSINESS ADDRESS: STREET 1: 1 WATER STREET CITY: CAMDEN STATE: NJ ZIP: 08102-1658 BUSINESS PHONE: 856-955-4001 MAIL ADDRESS: STREET 1: 1 WATER STREET CITY: CAMDEN STATE: NJ ZIP: 08102-1658 8-K 1 awk-20250505.htm 8-K - WEST VIRGINIA AMERICAN WATER GENERAL RATE CASE FILING awk-20250505 American Water Works Company, Inc. 0001410636 false 0001410636 2025-05-05 2025-05-05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 5, 2025 American Water Works Company, Inc. (Exact name of registrant as specified in its charter) Commission File Number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 1 Water Street Camden , NJ 08102-1658 (Address of principal executive offices, including zip code) ( 856 ) 955-4001 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, par value $0.01 per share AWK New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 8.01.    Other Events. Filing of Rate Request with the Public Service Commission of West Virginia (the “WVPSC”) by West Virginia-American Water Company (“West Virginia American Water”) On May 5, 2025, West Virginia American Water, a subsidiary of American Water Works Company, Inc. (the “Company”), announced that it filed a request with the WVPSC to adjust its water and wastewater rates. The request seeks aggregate annualized incremental revenues of $47.8 million, excluding infrastructure surcharges of $12.7 million, which would include two step increases, with $32.6 million to be included in rates in March 2026, and $15.2 million to be included in rates in March 2027. The request is based on a proposed return on equity of 10.75% and a capital structure with an equity component of 50.80% and 50.97%, respectively, for each of the two steps. The requested annualized incremental revenue is driven