Tennessee American Water Files Rate Request Driven by $173 Million in Water System Investments
May 01 2024 - 4:40PM
Business Wire
Tennessee American Water filed today a petition with the
Tennessee Public Utility Commission (TPUC) for approval to adjust
rates, reflecting $173 million in water system investments made by
the company since its last general rate increase in 2012 through
December 2025, to continue providing clean, safe, and reliable
service. The request reinforces the company’s commitment to
investing in its water system to replace aging infrastructure,
provide reliable service, enhance water quality, and comply with
environmental regulations.
“Our approach for long-term, efficient, and consistent
investment in our water system helps us deliver high-quality
affordable and reliable service to our customers,” said Grant
Evitts, president of Tennessee American Water. “By making prudent,
ongoing investments, Tennessee American Water is committed to
protecting public health and safety in the communities we serve. At
the same time, we remain committed to addressing the needs of our
most vulnerable customers.”
The company’s last general rate increase was filed with the TPUC
in June 2012. Since then, the company has made over $173 million in
capital investments. These projects are important to continue
providing quality water, increasing fire protection and service
reliability for our customers. The investments have included:
- Replacement of two water basins that had reached the end of
their service life with newer, more efficient technology.
- Installation of two new water tanks in Whitwell and emergency
interconnects with the Dunlap water system.
- Completion of twelve tank rehabilitations, including two water
tanks on Lookout Mountain.
- Completion of a disinfection building that enhances public and
employee safety standards at the treatment plant.
Tennessee American Water’s rates are based on the cost of
providing water service as reviewed and approved by the TPUC. If
the company’s proposed rates are approved as requested, the water
bill for the average Chattanooga residential customer would
increase approximately $4.00 per month.
Part of today’s filing with the TPUC includes a proposal for a
new universal affordability tariff to help provide eligible
customers bill payment assistance. Customers who are at or below
150% of the federal poverty level would qualify for a tiered
discount. Currently, Tennessee American Water offers customer
assistance through the Project Water Help program, payment plans
and budget billing. To request assistance through Project Water
Help, customers can call United Way 2-1-1. Information about this
as well as payment plans and budget billing is available at the
company’s website.
Final rates are subject to the TPUC’s approval, which includes a
thorough public review of Tennessee American Water’s rate request.
The TPUC’s rate review process offers opportunities for customer
involvement. Customers can participate through the submission of
written comments and providing oral comments at a future public
meeting. For more information on the company’s rate proposal and to
find out what actions customers may take, visit
https://www.amwater.com/tnaw/Customer-Service-Billing/Your-Water-Rates/.
The proposed rates in the request are not effective until a
ruling by the TPUC. Once a decision is made, customers will receive
information on the new rates on their bills and on our website.
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 TENNESSEE AMERICAN WATER Tennessee American Water,
a subsidiary of American Water, is the largest regulated water
utility in the state, providing high-quality and reliable water
services to approximately 420,000 people in Tennessee and north
Georgia. For more information, visit www.tennesseeamwater.com and
connect with us on Facebook, X, Instagram and YouTube.
AWK-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20240430705869/en/
Media: Daphne Kirksey Manager, External Affairs Tennessee
American Water Daphne.Kirksey@amwater.com
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