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
our customers, while balancing the cost impact for them.”
The decision approves a $10.3-million annual increase in authorized
water and wastewater revenues for California American Water compared to
previously authorized rates in the fall of 2016. The increase reflects
savings generated by changes in federal tax law from the 2017 Tax Cuts
and Jobs Act and the 2018 Cost of Capital decision.
In addition, the CPUC approved the company’s request to waive the
customer service fee required by state law for service payments made by
credit card. The order also called for rate consolidation of several
service areas in Northern California, an important step to ensure
reliable water service for customers at an affordable price. California
American Water was also authorized to continue its low-income ratepayer
assistance program, which offers discounted water service to qualified
residential water customers.
More information about the company’s rates can be found online at www.californiaamwater.com
or call 1-888-237-1333, Monday through Friday, 7 a.m. to 7 p.m.
California American Water, a subsidiary of American Water (NYSE: AWK),
provides high-quality and reliable water and/or wastewater services to
more than 600,000 people.
With a history dating back to 1886, American Water is the largest and
most geographically diverse U.S. publicly traded water and wastewater
utility company. The company employs more than 7,100 dedicated
professionals who provide regulated and market-based drinking water,
wastewater and other related services to an estimated 14 million people
in 45 states and Ontario, Canada. American Water provides safe, clean,
affordable and reliable water services to our customers to make sure we
keep their lives flowing. For more information, visit amwater.com and
follow American Water on Twitter, Facebook and LinkedIn.