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Stock impact report

CPUC Approves California American Water General Rate Case

American Water Works Company, Inc. (AWK) 
Last american water works company, inc. earnings: 2/18 04:37 pm Check Earnings Report
US:NYSE Investor Relations: ir.amwater.com
Company Research Source: Business Wire
Decision sets rates for all customers through 2020 SAN DIEGO--(BUSINESS WIRE)-- The California Public Utilities Commission (CPUC) today approved a decision in the company’s general rate case for new water and wastewater rates for customers statewide. The company’s rate request, which was filed in July 2016, will set rates through 2020. The decision approves approximately $103 million in capital investment in infrastructure replacements and improvements in 2018 and 2019. “We are extremely proud of our significant level of system investment, combined with operational efficiency measures and innovative technologies, to ensure continued water quality, service reliability and fire protection for the more than 600,000 Californians who depend on us every day,” said Rich Svindland, President of California American Water. “This decision enables us to continue this important work on behalf of Show less Read more
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