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American Water Works Company, Inc. 8-K Report, Corporate Update (Jan 27, 2026)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed January 27, 2026
Period End
January 27, 2026
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 · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed January 27, 2026. Cited figures are marked; the original filing is the authoritative source.

American Water Works Company, Inc. (AWK) announced through its subsidiary, Illinois American Water, a significant rate increase request filed with the Illinois Commerce Commission (ICC) on January 27, 2026.

This filing seeks to adjust water and wastewater rates to recover approximately $577 milliona in capital investments planned for 2026 and 2027. The proposed rate adjustments are structured in two steps, with an initial increase of roughly $119 million effective January 1, 2027, followed by an additional $15 million effective January 1, 2028, exclusive of infrastructure surcharges. This filing represents a proactive step by Illinois American Water to ensure it can continue to invest in and maintain its infrastructure, crucial for providing reliable water and wastewater services.

Investors should note that the requested increases are subject to ICC approval, and the actual amounts and timelines could be impacted by the regulatory process. The proposed increases are based on a projected return on equity of 10.75%b and specific capital structures for each test year, reflecting the company's efforts to balance investment needs with regulatory expectations.

02—Key points

Key Highlights

  1. Illinois American Water, a subsidiary of AWK, has filed a request with the Illinois Commerce Commission (ICC) for water and wastewater rate adjustments.
  2. The filing aims to recover approximately $577 million in capital investments planned for 2026-2027.
  3. Two-step rate increase proposed: ~ $119 million effective Jan 1, 2027, and ~ $15 million effective Jan 1, 2028 (excluding infrastructure surcharges).
  4. The request is based on a proposed return on equity of 10.75% and specific capital structures for each test year.
  5. The proposed increases are contingent upon ICC approval.
  6. The filing is supported by a press release attached as Exhibit 99.1, which is incorporated by reference.

03—Questions

Frequently Asked Questions

  1. What is the primary reason for Illinois American Water's rate increase request?

    The primary reason is to recover approximately $577 million in capital investments that Illinois American Water has made and plans to make from January 2026 through December 2027 to enhance its water and wastewater infrastructure.

  2. How will the proposed rate increases impact revenue?

    The company is requesting a two-step increase. The first step, effective January 1, 2027, is estimated to increase annualized incremental revenue by approximately $119 million. The second step, effective January 1, 2028, is estimated to add approximately $15 million in annualized incremental revenue. These figures exclude infrastructure surcharges.

  3. What is the proposed return on equity (ROE) for this rate case?

    Illinois American Water is proposing a return on equity of 10.75% as part of its rate request.

  4. Are the requested rate increases guaranteed?

    No, the requested rate increases are subject to approval by the Illinois Commerce Commission (ICC). The ICC's decision may result in adjustments to the proposed amounts, timing, or terms of the rate increases.

04—Continue

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