{"id":793189,"date":"2024-12-06T17:11:03","date_gmt":"2024-12-06T22:11:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/illinois-american-water-granted-new-rates-by-illinois-commerce-commission\/"},"modified":"2024-12-06T17:11:03","modified_gmt":"2024-12-06T22:11:03","slug":"illinois-american-water-granted-new-rates-by-illinois-commerce-commission","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/illinois-american-water-granted-new-rates-by-illinois-commerce-commission\/","title":{"rendered":"Illinois American Water Granted New Rates by Illinois Commerce Commission"},"content":{"rendered":"

<\/p>\n

Illinois American Water Granted New Rates by Illinois Commerce Commission<\/b><\/p>\n

Increase Driven by Approximately $557 Million in System Investments<\/i><\/p>\n

BELLEVILLE, Ill.–(BUSINESS WIRE<\/a>)–
\nThe Illinois Commerce Commission (ICC) issued an order Thursday approving new water and wastewater base rates for Illinois American Water, driven primarily by $557 million in capital investments in 2024 and 2025. The rate change request was filed on January 25, 2024.<\/p>\n

\n\u201cBy making prudent, ongoing necessary investments to maintain and upgrade our water and wastewater systems, Illinois American Water is committed to the safety and reliability of our water and wastewater systems in the communities we serve,\u201d said Rebecca Losli, Illinois American Water president.<\/p>\n

\nThe new rates will be effective January 1, 2025. The approved increase will result in a total annualized revenue increase of approximately $110.6 million and will support continued investment in critical water and wastewater infrastructure throughout the state, including the replacement, lining and installation of approximately 44 miles of aging water and wastewater pipelines. Investments also include upgrading water and wastewater treatment plants to maintain and meet regulatory compliance, storage tanks, wells, pumping stations, fire hydrants, meters and manholes across the state and ongoing replacement of customer lead service lines.<\/p>\n

\nThe rate order covers $421 million in water system infrastructure improvements and $136 million in wastewater system infrastructure improvements to be made over two years, from January 2024 to December 2025.<\/p>\n

\nThe amount of the rate change customers will experience will vary among the company\u2019s operating districts. The monthly water service bill for the typical residential customer using 3,500 gallons per month with a 5\/8-inch meter will increase approximately $16 per month and the typical residential wastewater bill will increase approximately $8.50 per month.<\/p>\n

\nIn addition, the ICC approved Illinois American Water\u2019s request to expand the income-based discount tariff. Qualifying income-eligible customers will need to apply for the discount and provide the required income information when the expanded program is implemented.<\/p>\n

\nInformation about the program will be communicated to customers. Illinois American Water also offers customer assistance through the company\u2019s non-income-based H2<\/sub>O Help to Others program, payment plans and budget billing. More information can be found on the company\u2019s website here<\/a>.<\/p>\n

\nCustomers will receive information about the new rates on their Illinois American Water bill. Information will also be available on the company\u2019s website at amwater.com\/ilaw, under Customer Service & Billing, Your Water and Wastewater Rates.<\/p>\n

About American Water<\/b><\/p>\n

\nAmerican Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing\u00ae by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company\u2019s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.<\/p>\n

\nFor more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.<\/p>\n

About Illinois American Water<\/b><\/p>\n

\nIllinois American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.4 million people. American Water also operates a quality control and research laboratory in Belleville.<\/p>\n

\nAWK-IR<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241206903491\/en\/<\/a><\/span><\/p>\n

MEDIA
\n<\/b>
Anna Kubas
\n
Senior Manager, External Communications
\n
Illinois American Water
\n
Anna.Kubas@amwater.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Energy Environment Professional Services Utilities<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Illinois American Water Granted New Rates by Illinois Commerce Commission Increase Driven by Approximately $557 Million in System Investments BELLEVILLE, Ill.–(BUSINESS WIRE)– The Illinois Commerce Commission (ICC) issued an order Thursday approving new water and wastewater base rates for Illinois American Water, driven primarily by $557 million in capital investments in 2024 and 2025. The rate change request was filed on January 25, 2024. \u201cBy making prudent, ongoing necessary investments to maintain and upgrade our water and wastewater systems, Illinois American Water is committed to the safety and reliability of our water and wastewater systems in the communities we serve,\u201d said Rebecca Losli, Illinois American Water president. The new rates will be effective January 1, 2025. The approved increase will … <\/p>\n

Continue reading “Illinois American Water Granted New Rates by Illinois Commerce Commission”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-793189","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIllinois American Water Granted New Rates by Illinois Commerce Commission - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/illinois-american-water-granted-new-rates-by-illinois-commerce-commission\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Illinois American Water Granted New Rates by Illinois Commerce Commission - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Illinois American Water Granted New Rates by Illinois Commerce Commission Increase Driven by Approximately $557 Million in System Investments BELLEVILLE, Ill.–(BUSINESS WIRE)– The Illinois Commerce Commission (ICC) issued an order Thursday approving new water and wastewater base rates for Illinois American Water, driven primarily by $557 million in capital investments in 2024 and 2025. The rate change request was filed on January 25, 2024. \u201cBy making prudent, ongoing necessary investments to maintain and upgrade our water and wastewater systems, Illinois American Water is committed to the safety and reliability of our water and wastewater systems in the communities we serve,\u201d said Rebecca Losli, Illinois American Water president. The new rates will be effective January 1, 2025. 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