Item 8.01 - Other Events: Filing of a general rate case request by Illinois-American Water Company (a wholly owned subsidiary of American Water Works Company, Inc.) with the Illinois Commerce Commission (ICC) on January 27, 2026 Two-Step Rate Increase Request: Seeks approximately $119 million in annualized incremental revenue effective January 1, 2027 (based on future test year through December…

Our analysis rates this filing NEUTRAL. The moderate concern level (4.2/10) reflects a balanced risk profile appropriate for a regulated utility subsidiary navigating routine but material regulatory proceedings. The primary risk—ICC approval of a $134M rate increase—is typical for the industry and…

Concern level: ELEVATED (4.2/10). Key factors: Illinois Rate Case Approval Uncertainty (Severity 6): $134M in incremental annual revenue contingent on ICC approval; approval timeline ~11 months with no guarantee of full amount; Rate Base Reconciliation Risk (Severity 5): Actual capital expenditures may diverge from projected $577M (2026-2027), creating variance between approved and actual rate…

Notable risk changes: Illinois American Water filed $134M two-step rate increase request with ICC (effective Jan 2027 and Jan 2028) - driven by $577M in planned capital investments. Approval is uncertain and represents material revenue upside/downside depending on ICC decision.; Company explicitly identifies ICC approval uncertainty and rate reconciliation risk as material forward-looking statement risks. Filing…

The model predicts AWK will underperform the S&P 500 by about 0.0% over 30 days. This is model analysis for research, not investment advice.