American Water Works Company Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$AWK
Water Supply
Utilities
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 21, 2025
(Exact name of registrant as specified in its charter)
Commission File Number: 001-34028
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) | ||||
(Address of principal executive offices, including zip code)
(856 ) 955-4001
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
Iowa Utilities Commission (“IUC”) Issuance of Final Order in Iowa-American Water Company (“Iowa American Water”) General Rate Case
On May 21, 2025, the IUC issued a final order (the “Order”) approving the adjustment of base rates requested in a general rate case originally filed on May 1, 2024 by Iowa American Water, a wholly owned subsidiary of American Water Works Company, Inc. (the “Company”). The Order approved a $12.7 million annualized increase in water and wastewater system revenues, excluding infrastructure surcharges of $0.9 million, based on an authorized return on equity (“ROE”) of 9.60%, authorized rate base of $262.1 million, and a capital structure with a common equity component of 52.57% and a long-term debt component of 47.43%, as compared to an authorized ROE of 9.60%, an authorized rate base of $144.7 million, and a capital structure with a common equity component of 52.28% and a long-term debt component of 47.72%, all as approved in Iowa American Water’s last general rate case effective October 27, 2021. The requested annualized revenue increase was driven primarily by over $157 million of capital investments made and expected to be made by Iowa American Water through March 2026. Interim rates in this case became effective May 11, 2024. The effective date for new rates will be established by the IUC after Iowa American Water files for rates that reflect the Order and the IUC completes its review of that filing.
A copy of the press release issued by Iowa American Water on May 22, 2025 announcing the issuance of the Order has been filed as Exhibit 99.1 hereto and is incorporated herein by reference. References and links to websites and other information contained in this press release are not provided as active hyperlinks, and the information contained in or accessed through these hyperlinks shall not be incorporated into, or form a part of, this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits to this Current Report have been filed herewith (except as noted below):
| Exhibit No. | Description | |||||||
| 99.1* | ||||||||
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are included and formatted as Inline XBRL). | |||||||
| *Filed herewith. | ||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMERICAN WATER WORKS COMPANY, INC. | ||||||||||||||
| Dated: | May 22, 2025 | By: | /s/ DAVID M. BOWLER | |||||||||||
| David M. Bowler | ||||||||||||||
| Executive Vice President and Chief Financial Officer | ||||||||||||||
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