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Missouri American Water Rate Order Settlement Approved by Missouri Public Service Commission

1. Missouri American Water's rate increase approved for infrastructure upgrades. 2. Investment of $1.1 billion aims at improving water service reliability.

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Why Bullish?

The approval of rate increases can enhance revenue and strengthen cash flow, positively affecting AWK's market position. Historically, similar rate approvals have led to stable stock performance in utility sectors, benefiting investors.

How important is it?

The regulatory approval for a significant rate increase linked to infrastructure investment is highly relevant for AWK, as it reflects similar strategies they might pursue, influencing their market strategy and operational outlook.

Why Long Term?

The infrastructure investments typically yield benefits over years, enhancing the company's operational efficiency and sustainability. Reliable water infrastructure is crucial for long-term customer retention and regulatory compliance.

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AWKCMSDTESRE
ST. LOUIS--(BUSINESS WIRE)--The Missouri Public Service Commission (MoPSC) today approved a settlement for new water and wastewater rates for Missouri American Water. The company's rate request was filed on July 1, 2024, and was primarily driven by $1.1 billion in infrastructure investment in plant and distribution system upgrades made since its last rate filing. “We are committed to making investments in our water and wastewater systems to maintain safe, clean, reliable and affordable service.

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