Virginia American Water Granted New Rates by Virginia State Corporation Commission
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Virginia American Water has received approval from the Virginia State Corporation Commission for new water and wastewater rates, resulting in an annual revenue increase of $14.6 million. This follows significant infrastructure investments by the company.
February 27, 2025 | 5:15 pm
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Virginia American Water, a subsidiary of American Water Works (AWK), has been granted new rates by the Virginia SCC, leading to a $14.6 million annual revenue increase. This is due to over $110 million in infrastructure investments.
The approval of new rates by the Virginia SCC directly impacts Virginia American Water's revenue, a subsidiary of American Water Works (AWK). The $14.6 million increase in annual revenue is significant and follows substantial infrastructure investments, indicating a positive short-term impact on AWK's financial performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80