Missouri American Water Files Rate Request Driven by $1.5 Billion in Water and Wastewater System Investments
01 Julio 2024 - 4:14PM
Business Wire
Missouri American Water filed a request today with the Missouri
Public Service Commission (MoPSC) reflecting $1.5 billion in water
and wastewater system investments completed and planned from
January 2023 to May 2026. The request reinforces the company’s
commitment to replace aging infrastructure, provide reliable
service, enhance water quality and comply with environmental
regulations.
“We carefully plan investments in our water and wastewater
systems to provide safe, clean and reliable service to nearly 1.6
million (one in four) Missourians in more than 90 counties
throughout the state,” said Rich Svindland, president of Missouri
American Water. “These prudent, ongoing investments show our
commitment to protecting public health and safety in the
communities we serve.”
These projects are important to continue providing quality
water, increasing fire protection and improving service reliability
for customers and include replacement of over 250 miles of aging
water and wastewater pipe to help reduce main breaks and sewer
overflows. Improvement projects also include treatment plant
upgrades.
Key projects include:
- St. Louis County - Replacement of the intake pump
station at the South Water Treatment Plant
- St. Charles County – Construction of new transmission
main to add a second source of water supply
- Jefferson City - Construction of a new filter building
at the water treatment plant
- St. Joseph - Upgrades at the water treatment plant and
Randolph booster stations
- Joplin – Construction of a new carbon feed system at the
treatment plant and well site treatment upgrades
- Eureka, Smithton – Wastewater treatment plant upgrades
including construction of new lift station and UV disinfection
The company’s last general rate case was filed with the MoPSC in
July 2022 with a rate Order being approved in May 2023. New rates
became effective on May 28, 2023.
If the company’s proposed rates are approved as filed with the
MoPSC today, the water bill for the average residential customer
using 5,475 gallons per month would increase about $18.00 per
month. Wastewater customers could see a monthly decrease or
increase depending on the customer’s service area.
Part of today’s filing with the MoPSC includes a proposed
income-based rate for customers facing financial hardship. If
approved by the MoPSC, residential customers below 150% of the
Federal Poverty Level would be eligible for a discounted rate.
Missouri American Water also offers assistance through its H2O Help
to Others program, payment plans and budget billing.
The company’s rate request undergoes extensive public scrutiny
by the MoPSC. This process includes numerous interrogatories,
public hearings and evidentiary hearings and can take up to 11
months. To increase transparency of the process, the company’s
proposed tariffs and other information about the filing are
included on the company’s website, missouriamwater.com.
The company anticipates that any general rate changes proposed
through this filing would not become effective until mid-2025,
after a final rate Order is issued by the MoPSC.
Cautionary Statement Concerning
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements relate to, among other things, planned capital
investments and water and wastewater system improvements, the
outcome of the MoPSC’s final rate Order, and the amount and
effective date of new water and wastewater rates. These statements
are based on the current expectations of management of Missouri
American Water. There are a number of risks and uncertainties that
could cause actual results to differ materially from these
forward-looking statements, including with respect to (1) the terms
of any settlement agreement or stipulation, and/or final order of
the MoPSC, with respect to the above-referenced general rate case;
(2) the timing of the implementation of new rates under the general
rate case; (3) regulatory, legislative, local or municipal actions
affecting the water and wastewater industries, which could
adversely affect Missouri American Water; and (4) other economic,
political, business and other factors that may impact or affect the
water and wastewater industries generally or Missouri American
Water specifically. Forward-looking statements are not guarantees
or assurances of future performance or results, and Missouri
American Water and its affiliates do not undertake any duty to
update any forward-looking statement.
About American Water
American Water (NYSE: AWK) is the largest regulated water and
wastewater utility company in the United States. With a history
dating back to 1886, We Keep Life Flowing® by providing safe,
clean, reliable and affordable drinking water and wastewater
services to more than 14 million people with regulated operations
in 14 states and on 18 military installations. American Water’s
6,500 talented professionals leverage their significant expertise
and the company’s national size and scale to achieve excellent
outcomes for the benefit of customers, employees, investors and
other stakeholders.
For more information, visit amwater.com and join American Water
on LinkedIn, Facebook, X and Instagram.
About Missouri American
Water
Missouri American Water, a subsidiary of American Water, is the
largest investor-owned water utility in the state, providing
high-quality and reliable water and wastewater services to
approximately 1.6 million people. For more, visit
missouriamwater.com and follow Missouri American Water on X,
Facebook, Instagram, YouTube and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701204270/en/
Media: Christie Barnhart Senior Manager, External
Communications Cell: 417-529-9781 Christie.barnhart@amwater.com
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