{"id":819348,"date":"2025-02-27T12:06:37","date_gmt":"2025-02-27T17:06:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\/"},"modified":"2025-02-27T12:06:37","modified_gmt":"2025-02-27T17:06:37","slug":"virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\/","title":{"rendered":"Virginia American Water Granted New Rates by Virginia State Corporation Commission"},"content":{"rendered":"

<\/p>\n

Virginia American Water Granted New Rates by Virginia State Corporation Commission<\/b><\/p>\n

Increase Driven by $110 Million in Infrastructure Investments<\/i><\/p>\n

ALEXANDRIA, Va.–(BUSINESS WIRE<\/a>)–
\nThe Virginia State Corporation Commission (SCC) has approved a settlement for new water and wastewater rates for Virginia American Water. The approved rates represent a total annualized revenue increase of approximately $14.6 million.<\/p>\n

\nThe company\u2019s rate request was filed on November 1, 2023, and was primarily driven by more than $110 million in infrastructure investment in treatment system and distribution upgrades since its last rate filing.<\/p>\n

\n\u201cWe are committed to making the necessary investments to continue to provide the high-quality service our customers expect and deserve and ensuring compliance with state and federal regulations,\u201d said Laura Runkle, President, Virginia American Water. \u201cOur effective capital planning helps keep water and wastewater services reliable and affordable for the 350,000 people we serve.\u201d<\/p>\n

\nThe new approved rate order represents a reduction from the interim rates that became effective on May 1, 2024. The average bill for most water customers using 4,000 gallons per month will decrease by approximately $2.00 per month. The bill for an average wastewater customer will decrease by approximately $1.50 per month, depending on the service area. With these new rates, the cost of high-quality, reliable, water and wastewater service will remain among the lowest household utility bills.<\/p>\n

\nThe new rates will be retroactive to May 1, 2024, and the company will issue credits to customers for the difference between interim and permanent rates, including interest, within 90 days of the final order. Credits will appear as two separate line items labeled \u201cRate Refund\u201d and \u201cInterest on Rate Refund.\u201d<\/p>\n

\nVirginia American Water wants to remind customers about its existing bill paying assistance programs, payment arrangements or budget billing options available on the customer MyWater portal at virginiaamwater.com<\/a>. Income-eligible customer requirements may also apply for assistance through the company\u2019s H2O Help to Others program, administered by Dollar Energy Fund. More information can be found at virginiaamwater.com under \u201cCustomer Service & Billing\u201d, \u201cCustomer Assistance Programs<\/a>.\u201d<\/p>\n

\nCustomers will receive information about the new rates in their next Virginia American Water bill. Information will also be available on the company\u2019s website at www.virginiaamwater.com<\/a> under Customer Service & Billing, Your Water and Wastewater Rates<\/a>.<\/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\u2019s 6,700 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<\/a> and join American Water on LinkedIn<\/a>, Facebook<\/a>, X<\/a> and Instagram<\/a>.<\/p>\n

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

\nVirginia American Water, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing high-quality and reliable water services to over 350,000 people. For more information, visit www.virginiaamwater.com<\/a> and follow Virginia American Water on Twitter<\/a> and Facebook<\/a>.<\/p>\n

\nAWK-IR<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250226991274\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Marybeth Leongini
\n
External Affairs Manager
\n
(703) 706-3871
\n
marybeth.leongini@amwater.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Public Policy\/Government State\/Local Other Natural Resources Other Energy Utilities Natural Resources Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Virginia American Water Granted New Rates by Virginia State Corporation Commission Increase Driven by $110 Million in Infrastructure Investments ALEXANDRIA, Va.–(BUSINESS WIRE)– The Virginia State Corporation Commission (SCC) has approved a settlement for new water and wastewater rates for Virginia American Water. The approved rates represent a total annualized revenue increase of approximately $14.6 million. The company\u2019s rate request was filed on November 1, 2023, and was primarily driven by more than $110 million in infrastructure investment in treatment system and distribution upgrades since its last rate filing. \u201cWe are committed to making the necessary investments to continue to provide the high-quality service our customers expect and deserve and ensuring compliance with state and federal regulations,\u201d said Laura Runkle, President, … <\/p>\n

Continue reading “Virginia American Water Granted New Rates by Virginia State Corporation 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-819348","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVirginia American Water Granted New Rates by Virginia State Corporation 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\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virginia American Water Granted New Rates by Virginia State Corporation Commission - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Virginia American Water Granted New Rates by Virginia State Corporation Commission Increase Driven by $110 Million in Infrastructure Investments ALEXANDRIA, Va.–(BUSINESS WIRE)– The Virginia State Corporation Commission (SCC) has approved a settlement for new water and wastewater rates for Virginia American Water. The approved rates represent a total annualized revenue increase of approximately $14.6 million. The company\u2019s rate request was filed on November 1, 2023, and was primarily driven by more than $110 million in infrastructure investment in treatment system and distribution upgrades since its last rate filing. \u201cWe are committed to making the necessary investments to continue to provide the high-quality service our customers expect and deserve and ensuring compliance with state and federal regulations,\u201d said Laura Runkle, President, … Continue reading "Virginia American Water Granted New Rates by Virginia State Corporation Commission"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-27T17:06:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250226991274r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Virginia American Water Granted New Rates by Virginia State Corporation Commission\",\"datePublished\":\"2025-02-27T17:06:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\\\/\"},\"wordCount\":577,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250226991274r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/virginia-american-water-granted-new-rates-by-virginia-state-corporation-commission\\\/\",\"name\":\"Virginia American Water Granted New Rates by Virginia State Corporation Commission - 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