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flag Illinois American Water getsOK for rate hike, raising rates by $110M to upgrade water systems.

flag The Illinois Commerce Commission has approved a rate increase for Illinois American Water, allowing the company to raise rates by about $110 million, which is 30% less than what was initially requested. flag This increase is intended to cover costs for improving water systems, such as replacing lead pipes and upgrading pump stations. flag The ICC also approved a 9.84% return on equity, down from the requested 10.75%. flag Starting July 1, 2025, the company will expand its low-income discount program, offering a 10-80% monthly bill credit for eligible customers.

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