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.
Illinois American Water, the largest regulated water and wastewater utility company in Illinois, is participating in the American Water Works Association's (AWWA) Annual Source Water Protection Week from September 29 to October 5. Brian Eisenloeffel, Vice President of Operations, emphasizes the importance of protecting water sources to ensure safe, clean, and reliable drinking water.
The company's commitment to source water protection includes:
- Conducting thousands of tests at their state-of-the-art research laboratory in Belleville, Illinois
- Applying advanced technology and filtration processes
- Collaborating with the EPA and other agencies to meet or surpass water quality standards
- Implementing green technology to protect resources
Illinois American Water also encourages individuals to take actions such as planting native landscaping, limiting chemical use, creating rain gardens, and properly disposing of waste and hazardous materials to protect water sources.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced its participation in the 2024 Environmental Congress organized by the Association of New Jersey Environmental Commissions (ANJEC) on September 27th in Mount Laurel, New Jersey. New Jersey American Water, a state subsidiary, is sponsoring the event.
Lauren Weinrich, Principal Scientist at American Water, will contribute to a session titled 'Protecting Your Drinking Water Quality: New Rules and Solutions for PFAS'. The session will focus on the latest EPA regulations for PFAS and their impact on New Jersey's water quality.
ANJEC is a non-profit organization that supports environmental commissions, individuals, and agencies in preserving natural resources and promoting healthy communities throughout New Jersey.
Illinois American Water has announced the 2024 'Water Keeps Life Flowing' art contest aimed at raising awareness about the importance of high-quality water among students. The contest is open to 3rd, 4th, and 5th graders, who are encouraged to submit artwork reflecting what high-quality water service means to them. Entries are due by October 24, 2024. Up to ten winners will receive a $100 donation for their classrooms. The contest coincides with the U.S. Water Alliance's 'Imagine a Day Without Water' event on October 17. Winning artwork will be featured in future customer communications and on social media.
Illinois American Water is investing $3.4 million in infrastructure improvements at its Pontiac District water treatment plant. The project includes two main components:
1. High Service Pump Replacement: Four existing pumps will be replaced with three new, more efficient pumps. This $1.7 million project, started in 2024, is expected to be completed by early 2025.
2. Backwash Lagoon Improvements: An additional backwash storage lagoon will be constructed to enhance filter operations and maintenance efficiency. This $1.7 million project is in the design phase, with construction set to begin in late 2024 and completion anticipated in Q1 2025.
These upgrades aim to improve water quality, operational efficiency, and reliability of the Pontiac water supply system. Illinois American Water emphasizes its commitment to delivering high-quality drinking water that exceeds local requirements.
Illinois American Water has invested over $7.5 million in water treatment projects at its Streator plant. The upgrades include a new ultraviolet (UV) treatment system and enhanced plant filters. The $4.27 million UV system, operational since 2023, provides an additional disinfection step without using chemicals, effectively treating bacteria and microorganisms from the Vermilion River source.
This technology helps meet EPA guidelines and enhances protection against chlorine-resistant pathogens. Additionally, a $3.5 million project to improve two older water filters and construct a protective structure over sedimentation and flocculation basins is underway, expected to complete by end of 2024. These investments mark Illinois American Water's 25th year of operating the Streator water system, demonstrating their commitment to delivering high-quality, safe drinking water.
New Jersey American Water has replaced approximately 10,000 customer-owned lead and galvanized steel water service lines as part of its Lead Service Line Replacement program. This progress puts the company on track to meet New Jersey's 2021 law requiring all water providers to replace both utility-owned and customer-owned lead and galvanized service lines by 2031.
The company has launched an interactive webpage and map for customers to view and report their service line material. New initiatives include annual notifications to property owners with lead or galvanized service lines and distribution of pitcher filters after service line replacements, aligning with EPA regulations.
New Jersey American Water emphasizes that while their water quality meets standards, these efforts provide additional protection for customers' health.
Indiana American Water (INAW) has received approval from the Indiana Utility Regulatory Commission for the $45 million acquisition of Silver Creek Water (SCWC). The deal, expected to close by mid-November, will add approximately 8,000 water customers in Clark and Floyd Counties to INAW's service area. This acquisition aligns with INAW's Southern Indiana Operations, as SCWC has been a long-time wholesale water customer. INAW President Matt Prine emphasized the benefits for regional growth and service reliability. The merger follows a vote by SCWC members favoring INAW as their new water service provider. Post-closing, INAW will distribute welcome kits to new customers with essential information about their service and account details.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has announced its fourth consecutive year of honoring 9/11 victims. Volunteers will install 2,977 American flags at RCA Pier Park, adjacent to the company's Camden, N.J. headquarters, to commemorate lives lost on September 11, 2001.
Company executives, Camden city officials, and first responders are invited to join the installation. The flags will be displayed for about a week before being donated to Camden County Veteran Affairs for use on Veterans Day. Sean Wheatley, President of Military Services Group at American Water, emphasized the lasting impact of 9/11 and the importance of remembrance.
This annual tradition, started in 2021, serves as a moment of reflection and remembrance for victims, survivors, families, and first responders.
New Jersey American Water has been granted new rates by the New Jersey Board of Public Utilities (BPU), resulting in a total annualized revenue increase of approximately $79.5 million. The rate increase, effective September 15, 2024, is primarily driven by over $1.3 billion in infrastructure investments since the company's last rate filing. For most water customers with a 5/8" meter using 5,642 gallons per month, bills will increase by about $5.33 per month. Wastewater customers will see an average increase of $5.68 per month.
The BPU also approved a new Universal Affordability Tariff, which will provide discounts on monthly fixed service and usage charges for income-eligible customers. This tariff will be incorporated into the company's H2O Help to Others assistance program, demonstrating New Jersey American Water's commitment to affordability.
Illinois American Water has completed a $10.9 million groundwater treatment plant in the Cairo District, replacing the original surface water plant that used the Ohio River. The project, which began in April 2023 and finished in August 2024, was necessary to meet U.S. EPA regulations and provide a more reliable and efficient water supply. The new plant, operational since August 26, includes pressure filters, chemical rooms, a laboratory, and associated equipment. The switch to groundwater was approved by regulatory bodies and deemed beneficial due to Cairo's plentiful aquifer system. The project, executed by union contractors, is expected to ensure continued high-quality water service for the Cairo District.
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