2019 Investor Day
AMERICAN WATER
Regulatory Information
CALIFORNIA
ILLINOIS
INDIANA
KENTUCKY
MISSOURI
Authorized Rate Base*
$498,135
$883,386
$1,061,192
$443,654
Authorized ROE
9.20% (a)
9.79%
9.80%
9.70% (e)
Authorized Equity
55.39% (a)
49.80%
Effective Date of Rate Case
1/1/2018(a)
1/1/2017
53.41% (c)
7/1/2019
48.90%
6/28/2019
$1,249,293(b)
10.00%(e)
52.80% (d)
5/28/2018
NEW JERSEY
NEW YORK
PENNSYLVANIA
VIRGINIA
WEST VIRGINIA
Authorized Rate Base*
$2,950,471
$275,463
Authorized ROE
9.60%
9.10%
Authorized Equity
54.00%
Effective Date of Rate Case
10/29/2018(g)
46.00%
6/1/2017
$3,162,597(b)
10.00%(e)
53.75% (d)
1/1/2018
$155,747
$652,900(h)
9.25%
9.75%
46.09%
48.40% (h)
5/24/2017 (f)
2/25/2019
*Rate Base stated in $000s
(a) On March 22, 2018, Decision 18-03-035 set the authorized cost of capital for 2018 through 2020. CA has a separate Cost of Capital case which sets the rate of return outside of a general rate proceeding.
(b) The 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.
(c) 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.
(d) 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.
(e) The ROE listed is the Company's view of the ROE allowed in the case, the ROE was not disclosed in the Order or the applicable settlement agreement.
(f) Interim rates were effective April 1, 2016 and received final Order May 24, 2017.
(g) Interim rates were effective June 15, 2018 and final rates effective October 29, 2018.
(h) The Rate Base and equity ratio listed is the Company's view of what was allowed in the case, there were multiple versions disclosed by the parties in the applicable settlement agreement.
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