American Water Works Company, Inc 8-K, filed Apr 8, 2021
American Water Works Company, Inc. (AWK)
8-K
2021-04-08
For: 2021-04-07
View Original
Added on
April 09, 2026
About this 8-K
American Water Works Company, Inc filed this 8-K on April 8, 2021, reporting on events of April 7, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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): April 7, 2021
American Water Works Company, Inc.
(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:
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
Item 8.01. Other Events.
Missouri Public Service Commission Approval of Missouri-American Water Company General Rate Case
On April 7, 2021, the Missouri Public Service Commission (the “MPSC”) issued an order unanimously approving an agreement with respect to a general rate case filed on June 30, 2020 by Missouri-American Water Company, the Missouri subsidiary of American Water Works Company, Inc. (the “Company”). The agreement was entered into or not objected to by all the parties to the general rate case to settle all of the issues therein. Under the MPSC’s order, the Company’s Missouri subsidiary will be authorized additional annualized water and wastewater revenues of $21.8 million, excluding a reduction in revenues for tax savings passed back to customers as a result of the Tax Cuts and Jobs Act. The MPSC order authorizes implementation of the new water and wastewater rates, which are expected to take effect by May 31, 2021.
A copy of the press release issued by the Company’s Missouri subsidiary on April 8, 2021 has been filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits to this Current Report have been provided herewith (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: | April 8, 2021 | By: | /s/ M. SUSAN HARDWICK | |||||||||||
| M. Susan Hardwick | ||||||||||||||
| Executive Vice President and Chief Financial Officer | ||||||||||||||
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Exhibit 99.1
Missouri Public Service Commission Issues Rate Order Approving Agreement Reached in Missouri American Water Case
Rate review request filed in June of 2020 reflects investments made to maintain and improve reliable water and wastewater service.
ST. LOUIS, Mo. (April 8, 2021) – The Missouri Public Service Commission (MoPSC) has approved an agreement reached by the parties in Missouri American Water’s request for a rate review for its water and wastewater operations. The order was approved by the MoPSC on April 7 after parties involved worked together to reach an agreement settling all issues brought forth in the rate review.
“We are committed to carefully planning and investing in our systems to provide safe, clean, and reliable service to nearly 1.5 million Missourians in more than 200 communities,” said Debbie Dewey, president of Missouri American Water. “Many communities throughout the nation are struggling to meet state and federal regulations regarding water quality and wastewater treatment, but our customers can confidently use the services we provide knowing we continue to make the critical investments needed to not only meet but surpass them.”
The rate order includes approximately $620 million in water and wastewater system improvements made since the end of 2017. Most residential water customers will see no change or a slight decrease in their total monthly bill, while most residential wastewater customers will see a small increase of about $3 to $5 in their monthly bill. New rates are expected to take effect by the end of May this year.
“Missouri American Water is steadfastly committed to addressing the needs of our most vulnerable customers and being responsive to the current environment caused by the pandemic,” Dewey continued. “At the same time, we remain focused on meeting the current and future needs of our customers through sound infrastructure and public health protection by making prudent, ongoing investments to maintain and upgrade water and wastewater systems.”
For more details on the company’s rate review, visit www.missouriamwater.com and select “Your Water and Wastewater Rates” under the Customer Service menu.
Missouri American Water
Missouri American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 1.5 million people.
With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water,
wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
Media Contacts:
Eastern/Central MO:
Samantha Williams, External Affairs Manager
C: 314- 437-8738 E: Samantha.williams@amwater.com
Western MO:
Christie Barnhart, External Affairs Manager
C: 417-529-9781 E: christie.barnhart@amwater.com
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