American Water Works Company, Inc 8-K, filed Jun 21, 2022
American Water Works Company, Inc. (AWK)
8-K
2022-06-21
For: 2022-06-16
View Original
Added on
April 09, 2026
About this 8-K
American Water Works Company, Inc filed this 8-K on June 21, 2022, reporting on events of June 16, 2022.
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): June 16, 2022
(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.
Approval of Hawaii-American Water Company General Rate Case
On June 16, 2022, the Public Utilities Commission of the State of Hawaii (the “HPUC”) issued an order approving a stipulation of settlement with respect to a general rate case filed on August 18, 2021 by Hawaii-American Water Company (“Hawaii-American Water”), a wholly owned subsidiary of American Water Works Company, Inc. Under the HPUC’s order, Hawaii-American Water’s Hawaii Kai District has been authorized additional annualized wastewater revenues of $1.7 million, based on an authorized return on equity (“ROE”) of 9.92%, an aggregate authorized rate base of $38.4 million, and authorized capital structure with an equity component of 50.0%. New rates will be effective upon subsequent approval by the HPUC of final tariffs.
A copy of the press release issued by Hawaii-American Water on June 21, 2022 has been filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statement 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: | June 21, 2022 | By: | /s/ M. SUSAN HARDWICK | |||||||||||
| M. Susan Hardwick | ||||||||||||||
| President and Chief Executive Officer | ||||||||||||||
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Exhibit 99.1
HAWAII PUBLIC UTILITIES COMMISSION ISSUES RATE ORDER TO REFLECT INFRASTRUCTURE AND SERVICE IMPROVEMENTS
Decision supports reliable wastewater service
Honolulu, HI (June 21, 2022) - The Hawaii Public Utilities Commission (HPUC) has issued its order for Hawaii American Water to implement new rates for its Hawaii Kai customers. This is the first time Hawaii American Water has adjusted rates since 2011 and the updated rates are effective upon subsequent approval of final tariffs.
The new rates will provide approximately $1.7 million in additional annualized revenue and reflect the more than $32 million in investments to improve wastewater treatment and services that Hawaii American Water has made since 2011. Major projects have included the installation of ultraviolet disinfection treatment, a sludge de-watering facility, solar energy upgrades, upgrading pumps at its lift stations and treatment plant and other process improvements.
The typical increase for customers in single family homes will be $11.52. For the average single family customer monthly rates would increase from $67.08 to $78.60, for multi-family customers the cost for monthly service would increase from $57.08 to $66.88.
“This decision completes a vital process to sustain high-quality wastewater infrastructure and service,” said Lee Mansfield, Manager of Hawaii American Water. “We look forward to continuing to improve wastewater services for our Hawaii Kai customers.”
About Hawaii American Water: Hawaii American Water, a subsidiary of American Water, provides quality wastewater services to approximately 25,000 people.
About American Water: With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to more than 14 million people in 24 states. American Water provides safe, clean, affordable and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn.
Hawaii American Water Media Contact
Evan Jacobs
Hawaii American Water
Director of External Affairs
Phone: 707-495-6135
Email: evan.jacobs@amwater.com
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