American Water Unit New Jersey American Water Secures Approval for New Rates

04:56 PM EDT, 09/09/2026 (MT Newswires) -- American Water Works (AWK) unit New Jersey American Water said Wednesday the New Jersey Board of Public Utilities has approved the company's rate request. As part of the regulator's approval of the company's PFAS Litigation Universal Surcredit, eligible water clients will also get a $9.88 monthly PFAS settlement credit for 12 months, the company said. The $68 million annual revenue increase will back over $1.4 billion in ongoing upgrades in treatment, transmission and distribution systems, according to a statement.