AWK Growth Outlook and Military Services Strategic Value
Regulatory Information - Top 10 States
AMERICAN WATER
CALIFORNIA
ILLINOIS
INDIANA
KENTUCKY
Authorized Rate Base*
$667,632
$883,386
$1,182,170
ROE
9.20% (a)
9.79%
9.80%
9.70%
Equity
55.39%(a)
49.80%
53.41% (b)
48.90%
$443,654
MISSOURI
$1,703,170(c)
9.55% (d)
50.00% (e)
Effective Date of Rate Case
1/1/2021(a)
1/1/2017
5/1/2020
6/28/2019
5/28/2021
NEW JERSEY
PENNSYLVANIA
TENNESSEE
VIRGINIA
WEST VIRGINIA
Authorized Rate Base*
$3,573,450
$4,107,143(c)
$132,015
$194,165
ROE
9.60%
9.90% (d)
10.00%
Equity
54.56%
55.24%(e)
34.38%
9.30% (f)
40.75%(f)
$734,028
9.80%
47.97%
Effective Date of Rate
Case
11/1/2020
1/1/2022
11/1/2012
11/6/2020(g)
2/25/2022
*Rate Base stated in $000s
(a) On March 22, 2018, Decision 18-03-035 set the authorized cost of capital for 2018 through 2020. A separate Cost of Capital case sets the rate of return outside of a general rate proceeding.
(b) The Authorized Equity excludes cost-free items or tax credit balances at the overall rate of return which lowers the equity percentage as an alternative to the common practice of deducting such items from rate base.
(c) The Authorized Rate Base listed is the Company's view of the Rate Base allowed in the case; the Rate Base was not disclosed in the Order or the applicable settlement agreement.
(d) The ROE is the Company's view of the ROE allowed in the case; however, the ROE was not disclosed in the Order or the applicable settlement agreement.
(e) The equity ratio listed is the Company's view of the equity ratio allowed in the case; the actual equity ratio was not disclosed in the Order or the applicable settlement agreement.
(f) The equity ratio and ROE are the Company's view of each as allowed in the case. The ROE was not disclosed in the Order or the applicable settlement agreement; 9.6% is adopted for future earnings test and WWISC filings
per the Order.
(g) Interim rates were effective May 1, 2019 and a final Order was received November 6, 2020.
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