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American Water Works Company, Inc. 8-K Report, Corporate Update (Dec 18, 2025)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed December 18, 2025
Period End
December 16, 2025
Security
AWK
In the record · 2016–202610-K1110-Q328-K211

AWK filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 211 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’16Oct ’16
  2. Material agreement8-K · Mar ’20Mar ’20
  3. Leadership change8-K · Dec ’22Dec ’22
  4. Leadership change8-K · Feb ’25Feb ’25

01—Abstract

Summary

Summary of the 8-K filed December 18, 2025. Cited figures are marked; the original filing is the authoritative source.

American Water Works Company, Inc. (AWK) announced that its wholly-owned subsidiary, Kentucky American Water, received a final order from the Kentucky Public Service Commission (KPSC) approving a general rate case adjustment.

The KPSC authorized an $18.2 milliona annualized increase in water system revenues, excluding infrastructure surcharges of $9.9 million, effective December 16, 2025. This rate adjustment is significantly higher than the revenue increase approved in the previous rate case, reflecting approximately $212 million in capital investments made and planned by Kentucky American Water.

02—Key points

Key Highlights

  1. Kentucky American Water secured an $18.2 million annualized revenue increase through a KPSC final order.
  2. The approved revenue increase excludes an additional $9.9 million in infrastructure surcharges.
  3. New rates are effective as of December 16, 2025.
  4. The revenue adjustment is primarily driven by substantial capital investments totaling approximately $212 million.
  5. The KPSC approved a higher authorized rate base of $667.0 million compared to the previous case.
  6. Kentucky American Water's Qualified Infrastructure Program (QIP) rider was terminated, with its costs and investments incorporated into base rates.
  7. The authorized return on equity (ROE) remains at 9.70%.

03—Questions

Frequently Asked Questions

  1. What is the impact of this rate case on American Water Works Company's (AWK) revenue?

    The KPSC's final order allows Kentucky American Water, a subsidiary of AWK, to implement an $18.2 million annualized increase in water system revenues, plus $9.9 million in infrastructure surcharges. This is expected to positively impact AWK's overall financial performance, particularly in its Kentucky operations.

  2. Why did Kentucky American Water request a rate increase, and what was the outcome?

    Kentucky American Water requested the rate increase primarily to recover approximately $212 million in capital investments made and planned for its water system between February 2025 and December 2026. The KPSC approved a substantial portion of this request, authorizing an $18.2 million revenue increase and a higher rate base.

  3. What does the termination of the Qualified Infrastructure Program (QIP) rider mean for customers and the company?

    The termination of the QIP rider means that the costs and investments associated with the program will now be recovered through the approved base rates, rather than a separate surcharge. For customers, this might mean a more consolidated water bill. For the company, it simplifies the rate structure and ensures ongoing recovery of infrastructure investments.

  4. How does the approved rate base and ROE compare to the previous rate case?

    The authorized rate base has increased significantly to $667.0 million, up from $489.4 million in the last rate case. However, the authorized return on equity (ROE) remains stable at 9.70%.

04—Continue

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