AWK Growth Outlook and Military Services Strategic Value
Rates Effective Since...
($ in millions)
January 1, 2022
AMERICAN WATER
Date
Annualized
Date
Annualized
Infrastructure Charges
Rate Cases & Step Increases
Effective
Revenue Increases
Effective
Revenue Increases
Pennsylvania, Step Increase (a)
California, Step Increase (b)
West Virginia (c)
Illinois (QIP)
1/1/2022
$6
1/1/2022
$20
Missouri (WSIRA)
2/1/2022
12
1/1/2022
13
West Virginia (DSIC)
3/1/2022
3
2/25/2022
Sub-Total
15
$48
Indiana (DSIC)
Pennsylvania (DSIC)
3/21/2022
8
4/1/2022
2
Sub-Total
$31
2022 Total
$79
(a) The Company's Pennsylvania subsidiary was authorized additional annualized revenues of $90 million, excluding agreed-to revenue excess accumulated taxes, over two steps. The EADIT reduction in revenues is $19.5 million. The
overall increase (net of EADIT reductions in revenues) is $70.5 million in revenues combined over two steps. The first step was effective 1/28/2021 in the amount of $70 million ($50.5 million net of EADIT reduction in revenues) and
the second step was effective 1/1/2022 in the amount of $20.0 million.
(b) On November 18, 2021, the California Public Utilities Commission (the "CPUC") unanimously approved a final decision in the test year 2021 general rate case filed by the Company's California subsidiary. The final decision adopts the
comprehensive settlement reached with certain parties to the proceeding. Under the CPUC's final decision, the Company's California subsidiary will be authorized additional annualized water and wastewater revenues of $21.6
million, excluding a reduction in revenues for tax savings passed back to customers as a result of the TCJA. The decision is retroactive to January 1, 2021. The reduction in revenues for the TCJA is $3.7 million. On January 18, 2022,
the Company's California subsidiary filed for approval of $12.5 million in 2022 escalation increases excluding $3.7 million in reductions related to the TCJA. This filing, which is retroactive to January 1, 2022, is subject to CPUC approval
with a 45-day review period.
(c) The Company's West Virginia subsidiary was authorized additional annualized revenues of $14.8 million, excluding a reduction in revenues for tax savings passed back to customers as a result of the TCJA and infrastructure surcharges.
The excess EADIT reduction in revenues is $1.6 million and the exclusion for infrastructure surcharges is $10.2 million.
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