American Water submits $825 million Monterey desalination cost plan
American Water ($AWK)’s California subsidiary submitted revised costs and financing proposals for the Monterey Peninsula desalination project to state utility regulators. Its construction estimate is now $825 million, reflecting a prolonged permitting and litigation process, higher labor and materials costs, and engineering, procurement and legal expenses. The application also proposes how those costs would be treated in customer rates. California American Water estimates that its proposed finan
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