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 (AWK), the largest investor-owned U.S. water utility since 1886, provides essential water services through regulated operations and military contracts. This page aggregates official news and regulatory developments impacting this infrastructure leader.
Investors and stakeholders will find timely updates on earnings announcements, rate case decisions, and infrastructure investments. Our curated feed includes press releases about service expansions, environmental compliance milestones, and operational updates from AWK's 16-state footprint.
Key content focuses on regulatory filings with state commissions, capital improvement plans, and water quality initiatives. Track developments in AWK's military housing contracts and technological advancements in leak detection systems.
Bookmark this page for structured access to SEC filings, dividend declarations, and sustainability reports. Check regularly for analysis of how rate base growth and infrastructure renewal cycles impact this essential service provider.
Pennsylvania American Water has issued a reminder to customers about the importance of keeping storm drains clear of fallen leaves this autumn. Blocked storm drains can lead to flooded roadways and sewer backups, causing significant issues during rainstorms. The company advises against raking or blowing leaves into streets, ditches, or storm drains.
To maintain clean waterways and water quality, Pennsylvania American Water recommends the following practices:
- Bag leaves for pickup or recycling
- Only place yard debris at the curbside on designated collection days
- Mow over leaves to create mulch
- Use a compost bin for fallen leaves and organic debris
Jim Runzer, vice president of operations, emphasizes that proper leaf disposal can prevent costly sewer backups and flooding. The company also notes that debris entering the combined sewer system can increase removal, disposal, and labor costs at wastewater treatment plants.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., is supporting the tenth anniversary of Imagine a Day Without Water, a national movement led by the US Water Alliance. This initiative aims to highlight the importance of water in our daily lives and advocate for greater and more equitable water investments.
The company recognizes that for many Americans, living without water is a reality, not just a hypothetical scenario. To address this issue, American Water has committed to investing $34 to $38 billion over the next 10 years in infrastructure repairs, replacement, system resiliency, and regulated acquisitions. As an industry leader, American Water is dedicated to providing vital water and wastewater services across its national footprint, emphasizing the need for sustainable and substantial investment in both infrastructure and workforce to ensure equitable water service delivery nationwide.
Illinois American Water has awarded over $96,000 to 97 Illinois fire departments and districts through its 2024 Firefighter Grant Program. Since the program's inception in 2010, over 1,040 grants totaling over $1,036,000 have been distributed to fire and emergency organizations in Illinois American Water's service area.
The grants provide funding for personal protective gear, communications equipment, firefighting tools, water handling equipment, training materials, and classroom programs. Jacob Campbell, Fire Chief of Pontiac Fire Department, highlighted how the grant will enable them to purchase confined space equipment for specialized rescues.
Rebecca Losli, President of Illinois American Water, emphasized the company's commitment to supporting first responders and ensuring community safety. The announcement follows National Fire Prevention Week, which focused on the theme "Smoke alarms: Make them work for you!" to educate about proper smoke alarm installation, testing, and maintenance.
Pennsylvania American Water has been awarded $7.9 million in low-interest financing from PENNVEST for two infrastructure improvement projects. The funding includes:
- A $1,891,056 loan and a $3,908,944 grant to replace 357 lead water service lines in Pittsburgh
- A $2.1 million loan to repair aging wastewater infrastructure in Exeter, Berks County
The Pittsburgh project will replace 258 residential lines in the 29th Ward and 99 in Mt. Oliver Borough, improving water quality for customers. The Exeter project will replace 1,815 feet of sanitary sewer main and 18 manholes, reducing inflow and infiltration. These investments align with Governor Shapiro's focus on ensuring clean water access for all Pennsylvanians.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., is reactivating systems after a cybersecurity incident reported on Oct. 7. The company confirms that water and wastewater facilities were not impacted, and water quality was unaffected. The customer portal, MyWater, is now operational, and standard billing processes are resuming with no late charges during the system downtime.
The reactivation follows confirmation of system security by internal and external teams. An ongoing investigation into the incident's nature and scope is being conducted by professionals and law enforcement. American Water has taken additional steps to strengthen cybersecurity and will share more information when appropriate. The company apologizes for any inconvenience and appreciates customer patience during this time.
Missouri American Water has announced the recipients of its 2024 Firefighter Grant Program, awarding over $46,000 to fire departments and emergency response organizations across the state. The annual program, which began in 2016, provides critical funding for equipment, training, and community education. 39 fire departments will receive grants this year, bringing the total number of grants awarded since the program's inception to nearly 290.
Rich Svindland, president of Missouri American Water, emphasized the importance of fire protection in community vitality. The company is investing more than $500 million this year to improve service and reliability, including upsizing older water mains to enhance fire protection. Missouri American Water also maintains and annually tests 44,000 fire hydrants throughout its service area.
Maryland American Water has received approval from the Maryland Public Service Commission to acquire the drinking water assets of Severn Water Company for $1.6 million. This marks the first acquisition under the fair market value legislation enacted in 2018. The deal will bring 1,685 new customers to Maryland American Water.
Barry Suits, president of Maryland American Water, emphasized the company's commitment to water quality, safety, and infrastructure investment. In 2023, the company invested $3.5 million in improvements for its Bel Air system. Severn Water Company agreed to sell due to the need for additional expertise in water management.
Maryland American Water will provide information to new customers about online services, customer programs, and benefits, including bill paying assistance and conservation tips.
American Water Works Company, Inc. (NYSE: AWK) has announced plans to release its 2024 third quarter financial results, 2025 earnings guidance, and long-term financial targets after market close on October 30, 2024. The company will host a conference call and webcast for investors, analysts, and other interested parties on October 31, 2024, at 9 a.m. EDT.
Key executives, including CEO Susan Hardwick, President John Griffith, COO Cheryl Norton, and CFO David Bowler, will lead the call. The discussion will cover Q3 2024 results, 2025 guidance initiation, and long-term financial targets, followed by a Q&A session. Interested parties can access the audio webcast and presentation slides through the company's Investor Relations website at ir.amwater.com. A replay will be available for one year after the event.
Pennsylvania American Water has expanded its H2O Help to Others™ customer assistance program, effective August 7, 2024. Key changes include:
1. Increased income thresholds for grants and bill discounts
2. New fourth tier for bill discounts, covering incomes up to 200% of Federal Poverty Income Guidelines (FPIG)
3. Discounts now range from 30-90% off monthly bills
4. Grant eligibility increased to 250% of FPIG
5. New Arrearage Forgiveness Program launched
The expansion aims to help more customers in need, with an estimated 55,000 additional customers now eligible for discounted service. These changes coincide with new rates approved by the Pennsylvania Public Utility Commission, reflecting $1 billion in system investments.
Pennsylvania American Water is celebrating Source Water Protection Week (Sept. 29 to Oct. 5, 2024) to emphasize its commitment to providing safe, reliable drinking water. The utility company highlights the importance of protecting water sources as a important first step in water treatment. The campaign aims to raise awareness about water conservation and quality, encouraging the public to be mindful of their water use and take steps to protect water resources. Educational resources include a virtual plant tour and videos on new technologies and water storage. The company asks customers to repair leaks, use home treatment products responsibly, and dispose of chemicals properly. For more information, visit Pennsylvania American Water’s website.
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