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stocksJun 9, 2026, 8:18 PM

California American Water Reaches Partial Rate Case Settlement, $24M Additional Revenue Seen in 2027

California American Water announced a partial rate case settlement that would generate $24 million in additional annualized revenue by 2027 and increase customer assistance discounts to 50% in Central California, pending CPUC approval.

California American Water has reached a partial rate case settlement with stakeholders, proposing $24 million in additional annualized revenues effective January 1, 2027, subject to approval by the California Public Utilities Commission (CPUC).

The settlement also raises customer assistance discounts to 50% for qualifying customers in Central California. The new rates are designed to support infrastructure investments and affordability programs.

The agreement reflects a compromise between the utility and intervenors, balancing revenue needs with customer protections. Final CPUC approval is required before the rates can take effect.

Source: First Squawk