California American Water's Cost of Capital Application Approved
California American Water, a subsidiary of American Water Works (NYSE: AWK), announced Thursday that the California Public Utilities Commission has approved its Cost of Capital Application. This follows a joint-party settlement and a Proposed Decision that adopted that settlement with no modifications. The approval is retroactive to January 1, 2012.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.