Missouri American Water, a subsidiary of American Water, has received approval from the Missouri Public Service Commission for a new water and wastewater rate order settlement. This decision comes after the company's rate request, driven by $1.1 billion in infrastructure investments, was filed in July 2024. These investments focus on plant and distribution system upgrades to maintain safe and reliable services for approximately 1.6 million residents. The new rates, which include a total annualized revenue increase of $63 million, are set to take effect by the end of May 2025. Missouri American Water also provides various customer bill payment assistance programs, ensuring affordability remains a priority.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.