California American Water Applies for Water Resources Sustainability Plan
January 27 2023 - 6:45PM
Business Wire
Decoupling tool will support conservation and
infrastructure renewal
California American Water has supplemented its application to
set new rates in each of its service areas for 2024 through 2026,
which was originally filed in July 2022 with the California Public
Utilities Commission (CPUC). The amended filing includes a proposal
to strengthen customer protections through the use of a regulatory
tool known as decoupling. Recent legislation passed by the
Legislature and signed by Governor Newsom last year supports the
use of ratemaking strategies like the Water Resources
Sustainability Plan to promote conservation and infrastructure
renewal while protecting ratepayers.
“Our request is good for customers and the environment,” said
California American Water President Kevin Tilden. “It supports
rewarding customers for conserving water while making investments
to renew and improve our drinking water infrastructure. We will
continue to provide customers with excellent value for their
service and maintain our systems to supply high-quality water
service.”
The filing has also been updated with more timely customer
demand estimates and to reflect present rates approved by the CPUC
effective January 1st, 2023. Under the amended filing, new rates
would be effective January 1, 2024, pending approval by the CPUC.
This spring, the CPUC is expected to hold public hearings virtually
and in-person for customers around the state. Updated information
about the Water Resources Sustainability Plan will be included in
the notices customers receive prior to the hearings.
The application itself includes infrastructure renewals,
wildfire mitigation, climate resiliency efforts and strengthening
affordability programs in addition to the new Water Resources
Sustainability Plan. One particular focus of the request is to
improve the climate change resiliency of our systems. These
measures include fire assessment analysis at company facilities
around the state as well as active mitigation measures undertaken
in some high-risk zones. The activities also include the bolstering
of back-up generator power for use during emergencies like
wildfires or Public Safety Power Shutoffs.
About California American Water: California American
Water, a subsidiary of American Water (NYSE: AWK), provides
high-quality and reliable water and wastewater services to more
than 725,000 people. Information regarding California American
Water’s service areas can be found on the company’s website
www.californiaamwater.com.
About American Water: With a history dating back to 1886,
American Water is the largest and most geographically diverse U.S.
publicly traded water and wastewater utility company. The company
employs more than 6,400 dedicated professionals who provide
regulated and regulated-like drinking water and wastewater services
to more than 14 million people in 24 states. American Water
provides safe, clean, affordable and reliable water services to our
customers to help keep their lives flowing. For more information,
visit amwater.com and diversityataw.com. Follow American Water on
Twitter, Facebook and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230127005461/en/
Evan Jacobs Director of External Affairs Phone: 707-495-6135
Email: evan.jacobs@amwater.com
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