Iowa American Water Files Rate Request Driven by Over $157 Million in Investment - Seite 2

Iowa American Water’s rates are based on the cost of providing water and wastewater service as reviewed and approved by the IUB. If the company’s proposed rates are approved as requested, the water bill for the average residential customer using 4,000 gallons per month would increase by approximately $22.00 per month, while the average residential wastewater bill in Blue Grass would increase by approximately $25.00 per month, and in Donahue, the monthly wastewater bill would increase by approximately $28.00 per month.

The IUB will conduct an extensive review of Iowa American Water’s rate application before making its final decision, likely in Spring 2025. Since the process can take up to ten months for a decision to be rendered in the case. Iowa American Water will put a portion of the requested increase into effect on May 11, 2024, as an interim rate increase while its full request is considered by the IUB. These interim rates may be subject to refund with interest based on the IUB’s decision.

Public hearings and opportunities for public comment are also part of the process and are scheduled in the company’s service areas under the direction of the IUB. For more information on the company’s rate proposal and to find out what actions customers may take, visit iowaamwater.com and select “Your Water and Wastewater Rates” under the Customer Service & Billing menu.

About American Water

American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Iowa American Water

Iowa American Water, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing high-quality and reliable water services to approximately 225,000 people. For more information, visit iowaamwater.com and follow Iowa American Water on X and Facebook.

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The American Water Works Stock at the time of publication of the news with a raise of +1,57 % to 114,7USD on Lang & Schwarz stock exchange (30. April 2024, 22:58 Uhr).