Tennessee American Water Provides Additional PFAS Settlement Credit to Customers

Tennessee American Water (NYSE: AWK) is issuing an $11.92 bill credit to all active water customer accounts as of August 28, 2026, funded by proceeds from PFAS manufacturer settlements.

Rhea-AI Summary

Tennessee American Water (NYSE: AWK) is issuing an $11.92 bill credit to all active water customer accounts as of August 28, 2026, funded by proceeds from PFAS manufacturer settlements. This follows a prior $59.36 credit in March 2026, bringing total PFAS-related settlement credits to over $71 per account.

According to Tennessee American Water, the Tennessee Public Utility Commission approved passing settlement funds directly to customers as credits. The company is also investing over $45 million in capital improvements to support safe, reliable and affordable water service and to meet new PFAS regulations.

Positive

• $11.92 additional PFAS settlement bill credit per active customer account on August 28, 2026
• Total PFAS-related settlement credits exceed $71 per customer account to date
• Earlier PFAS settlement bill credit of $59.36 issued in March 2026
• Regulator-approved plan allows direct distribution of PFAS settlement funds via bill credits
• Over $45 million committed to capital improvements across service territories

Negative

• None.

Argus Aug 31 session

-0.03% close to close Open Argus

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News Market Reaction – AWK

On Aug 31, the day this news came out, AWK closed 0.03% below the previous close.

Data tracked by StockTitan Argus for the Aug 31 session.

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Latest credit of nearly $12 brings total PFAS settlement proceeds to more than $71 per customer

CHATTANOOGA, Tenn., Aug. 31, 2026 /PRNewswire/ -- Tennessee American Water announced that they are applying additional credits to customers' bills as a result of the company's receipt of proceeds from settlements reached with manufacturers of per- and polyfluoroalkyl substances (PFAS). 

Today, Tennessee American Water issued an $11.92 bill credit to all active water customer accounts as of August 28, 2026. The credit distributes recent settlement proceeds the company received from PFAS manufacturers to customers. 

The Tennessee Public Utility Commission approved a plan that enables Tennessee American Water to provide PFAS settlement funds directly to customers through bill credits as the funds are received. Including this latest credit, customers have received a total of over $71 per account from PFAS-related settlements to date.  Tennessee American Water issued a credit of $59.36 to customers in March of this year to all active accounts at that time.  

The company is committed to complying with all drinking water standards and is taking appropriate actions to meet new PFAS regulations as they are implemented. Tennessee American Water is investing over $45 million in capital improvements across their service territories to continue providing safe, clean, reliable and affordable water service. For more information about PFAS and the steps Tennessee American Water is taking to address them, visit the company's PFAS information page. 

About American Water  
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.   

About Tennessee American Water
Tennessee American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 100 dedicated employees working to provide safe, clean, reliable and affordable water services to approximately 425,000 people in Tennessee and north Georgia. 

For more information, visit www.tennesseeamwater.com and connect with us on Facebook, X, Instagram, LinkedIn and YouTube. 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/tennessee-american-water-provides-additional-pfas-settlement-credit-to-customers-302865067.html

SOURCE American Water

FAQ

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What PFAS settlement bill credit are Tennessee American Water (AWK) customers receiving on August 31, 2026?

The August 31, 2026 PFAS settlement credit is an $11.92 bill credit for eligible customers. According to Tennessee American Water, this credit applies to all active water customer accounts as of August 28, 2026 and distributes recent PFAS settlement proceeds.

How much total PFAS settlement money have Tennessee American Water (AWK) customers received per account so far?

Customers have received over $71 per account from PFAS-related settlements to date. According to Tennessee American Water, this total includes the new $11.92 credit and a prior $59.36 credit issued in March 2026 to active accounts.

When did Tennessee American Water (AWK) previously issue PFAS settlement credits before August 2026?

Tennessee American Water previously issued a $59.36 PFAS settlement credit in March 2026. According to the company, that earlier credit went to all active water customer accounts at that time and represented earlier proceeds from PFAS manufacturer settlements.

How are PFAS settlement funds being passed to Tennessee American Water (AWK) customers?

PFAS settlement funds are being distributed as bill credits directly to customer accounts. According to Tennessee American Water, the Tennessee Public Utility Commission approved a plan allowing settlement proceeds to be credited to customers’ bills as the funds are received from PFAS manufacturers.

What investments is Tennessee American Water (AWK) making to address PFAS and water quality regulations?

Tennessee American Water is investing over $45 million in capital improvements across its service territories. According to the company, these investments support compliance with drinking water standards, help address new PFAS regulations, and aim to maintain safe, clean, reliable and affordable water service.

Which Tennessee American Water (AWK) customers qualify for the $11.92 PFAS bill credit?

The $11.92 PFAS bill credit applies to all active water customer accounts as of August 28, 2026. According to Tennessee American Water, eligible customers automatically receive the credit on their bills; no separate application or action is required.