Item 8.01 - Other Events: Filing reports approval by the New Jersey Board of Public Utilities (NJBPU) on September 9, 2026, of a settlement agreement in New Jersey American Water Company's general rate case Rate Case Settlement Details: The NJBPU approved without modification a stipulation of settlement filed by New Jersey American Water (a wholly owned subsidiary of American Water Works Company,…

Our analysis rates this filing BULLISH. This filing represents a materially positive regulatory outcome for American Water's New Jersey subsidiary. The company secured approval for a substantial $68M annualized revenue increase and $6.06B rate base, enabling recovery of $1.4B in critical…

Concern level: LOW (1.8/10). Key factors: Rate increase of $68M approved is 53% below original request of $146M, indicating regulatory pushback on full cost recovery; Effective date delayed to September 15, 2026 (future date), creating near-term revenue gap; PFAS settlement credit of $79M+ offsets rate increases for 12 months, limiting net customer bill impact but reducing near-term revenue…

Notable risk changes: New Jersey American Water rate case approved with $68M annualized revenue increase effective September 15, 2026 - represents positive regulatory outcome supporting infrastructure investment; Authorized ROE of 9.5% and rate base of $6.06B approved, enabling recovery of $1.4B in capital investments made since last rate case; PFAS settlement mechanism (PLUS) approved returning $79M+ to eligible…

Approved rate increase of $68 million vs. original request of ~$146 million (53% reduction from initial ask); Approved rate increase of $68 million vs. updated request of ~$145 million (July 27, 2026 revision).

The model predicts AWK will underperform the S&P 500 by about 0.0% over 30 days (model confidence 50%). This is model analysis for research, not investment advice.