American Water Files PA Rate Case

TL;DR

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

AI Summary

On November 14, 2025, American Water Works Company, Inc. (AWK) filed an 8-K to report a general rate case filing for its Pennsylvania-American Water subsidiary. This filing initiates a regulatory process that could impact the company's revenue and customer rates in Pennsylvania.

Why It Matters

This regulatory filing is a key step in potentially adjusting rates for water and wastewater services in Pennsylvania, which could affect the company's future earnings and customer costs.

Risk Assessment

Risk Level: medium — Rate case filings are subject to regulatory approval and can lead to unpredictable outcomes regarding revenue and customer impact.

Key Players & Entities

• American Water Works Company, Inc. (company) — Registrant
• Pennsylvania-American Water (company) — Subsidiary
• November 14, 2025 (date) — Filing Date

FAQ

From the Filing

0001410636-25-000181.txt : 20251114 0001410636-25-000181.hdr.sgml : 20251114 20251114162748 ACCESSION NUMBER: 0001410636-25-000181 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20251114 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20251114 DATE AS OF CHANGE: 20251114 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: 251486941 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-20251114.htm FORM 8-K - PENNSYLVANIA-AMERICAN WATER GENERAL RATE CASE FILING awk-20251114 0001410636 false 0001410636 2025-11-14 2025-11-14 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): November 14, 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 Pennsylvania Public Utility Commission (the “PaPUC”) by Pennsylvania-American Water Company (“Pennsylvania American Water”) On November 14, 2025, Pennsylvania American Water, a subsidiary of American Water Works Company, Inc. (the “Company”), filed a request with the PaPUC to adjust its water and wastewater rates. The request seeks aggregate annualized incremental revenue of approximately $169 million , excluding projected infrastructure surcharges of approximately $19 million. The request is based on a proposed return on equity of 10.95% and a capital structure with an equity component of 55.33 % . The requested annualized incremental revenue increase is driven primarily by an estimated $1.2 billion of capital investments completed or planned to be completed from June 2025 through mid-2027. The rate request is subject to approval by the PaPUC, and new rates woul