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California American Water Customers to Receive Bill Credit in Ventura

October 23, 2019

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Oct 23, 2019--

California American Water announced today that they are providing customers in the Ventura County District a bill credit based on the size of their meter on their October and November bills. The refund is being issued as a result of delays with the California Public Utilities Commission approval of the company’s 2016 general rate case.

Due to the delay in the CPUC’s final decision, most customers can expect to see a credit on their October and November bills. For the average customer in the Ventura County District this credit will be $41.27 per month on their October and November bills.

“California American Water continues to invest in the infrastructure needed to ensure clean, safe, reliable water and wastewater services to its customers,” said Rich Svindland, president of California American Water. “I’m pleased that we are able to provide a substantial credit to our customers over the next two months due to our efforts to operate efficiently and keep our costs down.”

The one-time refund reflects the amount collected in revenues versus the revenue that the CPUC approved in the company’s 2016 general rate case that was filed in June of that year. Most California American Water customers will continue to pay about a penny per gallon. Customers will be notified of these credits with a message on their bills.

California American Water, a subsidiary of American Water (NYSE: AWK), provides high-quality and reliable water and/or wastewater services to more than 675,000 people.

With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,100 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to more than 14 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005854/en/

CONTACT: Brian A. Barreto

Mobile: 626-388-7484

Office: 626-614-2542

Email: brian.barreto@amwater.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ENERGY NATURAL RESOURCES UTILITIES OTHER NATURAL RESOURCES

SOURCE: California American Water

Copyright Business Wire 2019.

PUB: 10/23/2019 04:22 PM/DISC: 10/23/2019 04:22 PM

http://www.businesswire.com/news/home/20191023005854/en