California Public Utilities Commission Approves and Adopts Partial Settlement in California American Water's General Rate Case
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The California Public Utilities Commission (CPUC) has approved a partial settlement in California American Water's General Rate Case, resulting in increased annualized water and wastewater revenues.
December 06, 2024 | 9:30 pm
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The CPUC's approval of a partial settlement in California American Water's General Rate Case will increase the company's annualized water and wastewater revenues by $20.9 million in 2024.
The approval of the partial settlement by the CPUC directly impacts California American Water's financials by increasing its revenues. This is likely to have a positive short-term impact on the stock price as it improves the company's revenue outlook.
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