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Ru Jai

Research Analyst at Mizuho

Ru Jai's questions to American Water Works Company (AWK) leadership

Question · Q4 2025

Ru Jai asked about the potential impact of heightened affordability scrutiny under Governor Shapiro on the pace and likelihood of American Water's ongoing rate cases in Pennsylvania. She also inquired how the timing of the New Jersey rate case aligns with Governor Sherrill's initiated 180-day BPU study on affordability levers.

Answer

David Bowler, Vice President and Treasurer, clarified that all rate cases, including those in Pennsylvania and New Jersey, are primarily driven by necessary system investments, and the company maintains a consistent two-year filing cycle. He emphasized that American Water's residential bills remain highly affordable, consistently below 1% of median household income, which is a key factor in regulatory discussions.

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