California American Water Reaches Partial Settlement In 2027-2029 General Rate Case
California American Water reached a partial settlement with the California Public Utilities Commission's Public Advocates Office for a 2027-2029 rate case.Summary
California American Water (AWK) announced a partial settlement agreement with the California Public Utilities Commission's Public Advocates Office regarding its statewide General Rate Case for the 2027 to 2029 period. The company expects to implement new rates on January 1, 2027, and will be permitted to recover additional annualized water and wastewater revenue of $24 million in 2027, $21 million in 2028, and $22 million in 2029, assuming Construction Work in Progress remains in the rate base. This revised proposal for the 2027 increase compares with the company's revised request for an additional $43 million above the expected 2026 revenue. The settlement also increases Customer Assistance Program discounts to 50% from 35% for qualified residential customers in Central California and continues 25% discounts for eligible customers in Northern and Southern California. The remaining issue regarding the treatment of Construction Work in Progress remains pending before the California Public Utilities Commission.
(Source：Finanznachrichten.de)