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.
California American Water has agreed to acquire Yerba Buena Water Company's water distribution system in unincorporated Ventura County. The system serves approximately 249 customer connections and is located 34 miles from California American Water's Ventura District operations center. This acquisition will expand California American Water's presence in Ventura County, where it already serves about 28,000 customer connections in various communities.
Kevin Tilden, California American Water's President, expressed enthusiasm about providing new services to Yerba Buena's customers, including conservation programs, a 24-hour emergency call center, and ratepayer assistance programs. Richard Morris, Chairman of Yerba Buena Water Company, expressed confidence in California American Water's ability to maintain high service standards for their customers.
American Water (NYSE: AWK) has released its eighth Sustainability Report for 2023, highlighting its leadership in environmental, social, and governance (ESG) principles. The report, now published annually, covers key areas such as water quality, infrastructure, efficiency, diversity, employee well-being, and emissions.
Notable achievements include:
- Recognition on Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies 2023
- Inclusion in USA Today's American Climate Leaders and Forbes Net-Zero Leaders 2023 lists
- Named in Barron's 100 Most Sustainable Companies 2023 List for the sixth consecutive year
- Top-scoring company for Best Places to Work for Disability Inclusion for five consecutive years
- Included in the Bloomberg Gender Equality Index for six consecutive years
- Received the 2023 WaterSense® Excellence in Education and Outreach award from the U.S. EPA
The report aligns with global sustainability standards and considers the United Nations Sustainable Development Goals.
Pennsylvania American Water has been awarded $15.5 million in low-interest financing from PENNVEST for two water main extension projects in Washington County. The loans will enable the company to bring safe, reliable public water service and increased fire protection to nearly 60 homes, a public school district, and a fire department.
The first loan of $10.4 million will support the installation of 6.5 miles of new water main in Cross Creek, Independence, and Mount Pleasant townships, benefiting the Avella Area School District and enhancing fire protection capabilities. The second loan of $5.1 million will fund 3 miles of new water main in Robinson and Smith townships, providing improved water quality and pressure to 23 new customer connections.
Pennsylvania American Water received approval from the Pennsylvania Public Utility Commission (PUC) for adjusted water and wastewater rates, reflecting $1 billion in infrastructure investments through mid-2025. The order includes a $99.3 million annualized revenue increase, 9.45% Return on Equity, and 55.3% equity approval. Key points:
1. Expanded customer assistance programs, increasing eligibility for discounted service.
2. Improved infrastructure for water quality, reliability, and fire protection.
3. New rates effective Aug. 7, with exceptions for Foster Township and York City.
4. PUC initiated an investigation into water service issues in the Northeastern territory.
5. Company affirms commitment to high-quality, reliable, and affordable services.
American Water has launched a new Wills for First Responders service, offering pro bono basic estate planning legal services to first responders in its service area. The inaugural event, held in Norristown, PA, benefited 30 local first responders. Pennsylvania American Water President Justin Ladner emphasized the company's commitment to supporting community organizations and individuals.
The service, conducted in collaboration with Morgan, Lewis & Bockius LLP, includes options for wills, financial power of attorney, and health care power of attorney/living will. The process involved phone interviews and document preparation, culminating in in-person meetings for review, signing, and notarization. American Water plans to expand this service to other communities in states it serves, starting from May 2024.
Pennsylvania American Water reminds customers to prioritize safety and hydration during summer. Key safety tips include:
- Drink water before feeling thirsty to avoid dehydration
- Hydrate before bed and upon waking
- Use refillable water bottles to reduce plastic waste
- Avoid trespassing or swimming in public water supply reservoirs
- Don't tamper with fire hydrants
- Maintain proper hydration indoors and outdoors
The company emphasizes the importance of these measures to ensure customer well-being during hot summer months.
American Water (NYSE: AWK), the largest publicly-traded U.S. water and wastewater utility company, announced that CEO M. Susan Hardwick and three other experts will contribute to panels at the NARUC Summer Policy Summit from July 14 to 17 in West Palm Beach, Fla. Hardwick will discuss investments for reliable and resilient water services. Christine Keck, VP of National Government and Regulatory Affairs, will address federal legislation impacting the water sector. David Bowler, Deputy CFO, will discuss capital investment strategies, while Denise Venuti Free, Senior Director of Communications, will share insights on improving public confidence in drinking water services. This event gathers state utility regulators, industry representatives, and consumer advocates to discuss regulatory policy.
Iowa American Water announced significant leadership changes this week. Randy Moore will transition from President of Iowa American Water to Vice President, Strategic Programs at American Water. Brad Nielsen, formerly Vice President of Operations at Iowa American Water, will assume the role of President. Nielsen, who joined Iowa American Water in 2019, has extensive experience in operations, having previously worked at Aramark Uniform Service for 17 years. Additionally, Laura Martin will become Iowa American Water’s new Vice President of Operations. Martin has been with American Water since 2010, most recently serving as Senior Director of Government and External Affairs at Pennsylvania American Water. These changes aim to leverage the extensive experience of the team to enhance water service operations in Iowa.
American Water Works Company (NYSE: AWK) has announced the release of its 2024 second quarter financial results, scheduled for after the market closes on July 31, 2024. A conference call and webcast will be hosted on August 1, 2024, at 9 a.m. EDT by key executives: Susan Hardwick (CEO), Cheryl Norton (COO), and John Griffith (CFO). The call will include a Q&A session and can be accessed via the Investor Relations section of the company's website. Presentation slides will be available online beforehand, and an audio replay will be accessible for one year.
Missouri American Water has filed a rate request with the Missouri Public Service Commission (MoPSC) to address $1.5 billion in water and wastewater system investments from January 2023 to May 2026. These investments aim to replace aging infrastructure, enhance water quality, and comply with environmental regulations. Key projects include replacing over 250 miles of pipes, upgrading treatment plants, and constructing new facilities in various counties. If approved, the average residential water bill could increase by $18 per month. The company's proposed rates also offer discounted options for customers facing financial hardship. The MoPSC's review process may take up to 11 months, with any new rates likely effective by mid-2025.
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