Welcome to our dedicated page for American Wtr Wks Co news (Ticker: AWK), a resource for investors and traders seeking the latest updates and insights on American Wtr Wks Co stock.
American Water Works Company, Inc. (NYSE: AWK) generates a steady flow of news tied to its role as the largest regulated water and wastewater utility company in the United States. With regulated operations in 14 states and on 18 military installations, the company and its subsidiaries frequently announce infrastructure projects, regulatory decisions, acquisitions and customer-focused initiatives that affect millions of people.
On this page, readers can follow updates from state-level subsidiaries such as Kentucky American Water, Missouri American Water, West Virginia American Water, Pennsylvania American Water, California American Water and Illinois American Water. Recent releases highlight topics like new water rates approved by state commissions, voluntary conservation requests during drought conditions, and major upgrades to treatment plants designed to enhance service reliability, water quality and operational efficiency.
Investors and customers can also track news on system acquisitions, where subsidiaries assume ownership of municipal or private water and wastewater systems and outline multi-year investment plans to meet regulatory, safety and security standards. Other recurring themes include announcements about bill payment options, customer assistance programs, and conservation tips aimed at helping households manage usage and costs.
Corporate-level news for AWK covers sustainability recognition, such as inclusion on Newsweek’s America’s Most Responsible Companies list, capital markets activity, and material events disclosed in 8-K filings, including rate case developments and merger agreements. For anyone following AWK stock or monitoring developments in regulated water and wastewater utilities, this news feed offers a centralized view of operational, regulatory and corporate milestones across American Water’s footprint.
American Water Works Company (NYSE:AWK) reported a 9.8% increase in earnings per share for Q3 2020, reaching $1.46. The company invested $450 million, mainly in regulated businesses, and added over 47,000 customers through acquisitions and organic growth. They secured a water and wastewater contract with Joint Base Lewis-McChord, expanding military services. Full-year earnings guidance has been raised to $3.87-$3.93 per share, influenced by favorable weather conditions and operational improvements, despite some adverse impacts from COVID-19.
Illinois American Water is investing $1.5 million to replace over 6,000 feet of outdated water main in Centreville, originally installed in the 1950s. The upgrade aims to enhance water flow and pressure for improved quality and fire protection. Construction started last month and is expected to finish by January 2021, with customer service line connections planned for later in the year. The water main replacement program addresses aging infrastructure and supports reliable service to approximately 1.3 million customers in the state.
Illinois American Water is investing $4.5 million to implement Ultraviolet (UV) disinfection technology at the Alton water treatment plant. This initiative aims to enhance drinking water safety by eliminating chlorine-resistant pathogens. The new system, expected to be operational by year-end, will help comply with EPA regulations. Director Brent O’Neill emphasizes the commitment to water quality, highlighting that the company consistently exceeds EPA standards. This upgrade follows a long history of providing high-quality water services to approximately 1.3 million residents.
The New Jersey Board of Public Utilities has approved changes to New Jersey American Water's base water and wastewater rates. Customers will receive a $32.5 million credit over 10 months from excess deferred income taxes, offsetting a $39 million annual increase in base rates. The average water customer's bill will rise by about $2.56 per month, while wastewater customers will see an increase of approximately $2.52. However, most residential customers using 5,400 gallons will experience little change in their bills until August 31, 2021.
Pennsylvania American Water announced a significant increase in its annual Firefighting Support Grant Program, awarding $140,000 to 144 fire and rescue organizations across Pennsylvania. The funding aims to assist fire departments facing challenges due to COVID-19. This year, the company fully funded every eligible grant request, emphasizing its commitment to community support. Since the program's inception in 2009, the company has donated over $640,000 to aid local fire departments. The announcement aligns with National Fire Safety Month.
American Water Works Company, Inc. (NYSE: AWK) has declared a quarterly cash dividend of 55 cents per share, payable on December 2, 2020, to shareholders on record as of November 10, 2020. Additionally, the company offers a dividend reinvestment and direct stock purchase plan, allowing shareholders to reinvest dividends without broker fees. As the largest U.S. publicly traded water utility, American Water serves 15 million people across 46 states, ensuring the provision of safe and reliable water services.
New Jersey American Water has successfully acquired the sewer assets of Long Hill Township for $12.7 million, serving approximately 2,800 customers. The acquisition, approved by the New Jersey Board of Public Utilities on May 20, 2020, aligns with the company's long-standing service in water supply for over 110 years. The deal includes a commitment to invest more than $13 million in sewer improvements over the next five years, enhancing infrastructure and minimizing disruption during upgrades. This sale is projected to relieve Long Hill Township of over $1 million in annual debt.
American Water Works Company (NYSE: AWK) plans to release its 2020 third quarter financial results after market close on November 4, 2020. This will be followed by a conference call on November 5, 2020, at 9 a.m. EST, hosted by CEO Walter Lynch and CFO Susan Hardwick. The call will include a question and answer session. Investors can listen to the audio webcast on the company’s Investor Relations homepage. An audio archive of the call will be accessible until November 12, 2020.
Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), has announced that its president, Mike Doran, has joined the board of directors of Pittsburgh Works Together, a coalition focused on economic development and a sustainable environment in Pittsburgh. Doran’s involvement aims to enhance infrastructure investment in the region, benefiting approximately 550,000 residents served by the utility. The company employs around 650 unionized workers, underscoring its commitment to labor relations and community welfare.
New Jersey American Water announces the launch of The Flow of H2O, a three-part educational video series, in conjunction with the sixth annual Imagine a Day Without Water. This initiative aims to educate viewers on the impacts of pollution and the water treatment processes. The videos are free and accessible to educators and parents on YouTube. In light of COVID-19, traditional outreach has shifted to virtual formats, emphasizing the company's commitment to education and environmental stewardship.
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