How American Water Grows Earnings

AMERICAN WATER Rates Effective since January 1, 2019 Rate Cases & Step Increases Date Effective Annualized Revenue Increases Effective in 2019 Maryland West Virginia 2/5/2019 $1(a) 2/25/2019 19(b) New York 4/1/2019 4(c) California 5/11/2019 4(d) Kentucky Indiana 6/28/2019 13 7/1/2019 4(e) $45 Infrastructure Charges Illinois (QIP) 1/1/2019 $8 West Virginia (DSIC) 1/1/2019 Pennsylvania (DSIC) Missouri (ISRS) New Jersey (DSIC) Pennsylvania (DSIC) 4/1/2019 6/24/2019 9 7/1/2019 82221 15 7/1/2019 3 Total (a) On February 5, 2019, the Maryland Public Service Commission issued an Order authorizing an increase of $1.45 million effective February 5, 2019. $39 $84 (b) On February 8, 2019, the West Virginia Public Service Commission issued an Order authorizing an increase of $19 million effective February 25, 2019, this excludes $4 million in DSIC revenues. (c) Total Rate award for this rate case was $20.9 million with increases of $3.6, $4.8, $4.6 and $7.9 million effective 6/1/2017, 4/1/2018, 4/1/2019 and 4/1/2020, respectively. The Rate award for the rate case was adjusted to $17.9 million with increases of $2.8, $4.1, $3.9 and $7.1 million effective 6/1/2017, 4/1/2018, 4/1/2019 and 4/1/2020, respectively, to reflect an adjustment to property taxes. (d) 2019 step rate increases approved effective May 11, 2019. A tier 2 advice letter will be filed within 90 days of the effective date to implement a surcharge to true-up the interim rates. The surcharge shall include differences between interim rates and adopted rates through the 2019 escalation year up to the effective date of May 11, 2019. (e) The overall increase is $17.5 million in revenues combined over two steps, the first step is effective 7/1/2019 in the amount of $4.4 million and the second step should be effective 5/1/2020 in the amount of $13.1. 40

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