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 warns that approximately 20,200 customers risk losing their H2O Help to Others Bill Discount Program benefits due to incomplete income and household size verification records. The program, which provided $14 million in bill discounts to 34,300 customers in 2024, offers significant monthly savings ranging from $17.66 to $64.99 on water bills and $40.53 to $93.12 on wastewater bills.
The company offers discounts of 30-90% on service fees and 20-80% on volumetric charges for water customers, and 37-85% on total charges for wastewater customers with household incomes up to 200% of the Federal Poverty Income Guidelines. Customers have 10 days to respond when notified before being removed from the program. Verification can be completed through Dollar Energy Fund, the program administrator.
Illinois American Water has completed construction of a new $2.7 million water tank in Sidney, Champaign County. The new facility, featuring both Village of Sidney and Illinois American Water logos, holds 150,000 gallons of water, nearly triple the capacity of the original 55,000-gallon tank built in the 1940s.
Located on the village's west side on a 4-acre property purchased in April 2022, the new tank was constructed in late 2023 and became operational in December 2024. The original downtown water tank will be decommissioned and removed. The project, executed by Caldwell Tanks Inc. of Louisville with design services from The Farnsworth Group, was completed entirely by union workers.
Pennsylvania American Water has awarded $125,000 in grants to 143 fire and rescue organizations across 29 Pennsylvania counties through its 2024 annual Firefighting Support Grant Program. Since the program's inception in 2009, the company has contributed over $885,000 to local fire departments for emergency gear, life-saving equipment, training materials, and firefighting apparatus.
The grants support fire and emergency organizations in the company's service areas, funding personal protective gear, communications equipment, firefighting tools, water handling equipment, and training-related activities. Additionally, four Pennsylvania fire departments received separate funding through the American Water Charitable Foundation's 2024 State Strategic Grant Program, with grants ranging from $5,000 to $10,000.
Pennsylvania American Water has secured $19.3 million in PENNVEST funding for two major infrastructure projects. The package includes a $2.46 million loan and $1.64 million grant for upgrading the Kinzua Road Wastewater Treatment Plant in Kane Borough, McKean County. These improvements will increase the plant's peak wet weather flow capacity from 3.5 MGD to 5.25 MGD and enhance multiple operational aspects.
Additionally, a $15.2 million loan will fund the replacement of 250 lead water service lines in Homestead Borough, Allegheny County. The Kinzua project loan terms are 1% for 30 years, while the Homestead Borough project loan terms are 1% for the first five years and 1.743% for the remaining 15 years.
Tennessee American Water has received approval from the Tennessee Public Utility Commission (TPUC) for new water rates, effective January 21, 2025. The rate adjustment will result in a minimal increase of less than $0.25 per month for Chattanooga residential customers using 3,800 gallons monthly with a 5/8-inch meter.
The company emphasizes its commitment to maintaining and upgrading water systems through prudent investments to ensure safety and reliability. Rate changes will vary across different operating districts. To assist customers, the company offers support through the Project Water Help program, payment plans, and budget billing options. Customers can access assistance by calling United Way at 2-1-1 or visiting the company's website.
American Water (NYSE: AWK) announced key leadership changes in its state operations. Robert Burton, current president of West Virginia American Water, will become president of Kentucky American Water, replacing Kathryn Nash who retires on March 1, 2025. Scott Wyman will join as president of West Virginia American Water effective January 27, 2025.
Burton brings over 27 years of utility management experience and currently oversees services to approximately 600,000 people across 365 West Virginia communities. His previous roles include senior director of operations for Pennsylvania American Water and management positions in the Military Services Group.
Wyman joins with 30+ years of utility sector experience, most recently serving as president of FirstEnergy's Pennsylvania operations. He holds an MBA from Gannon University and a BS in Electrical Engineering from Geneva College, and is a certified professional engineer in Pennsylvania.
American Water Works Company (NYSE: AWK) has announced its schedule for the 2024 fourth quarter and year-end financial results release. The company will disclose its financial results after market closure on Wednesday, February 19, 2025, followed by a conference call and webcast on Thursday, February 20, 2025, at 9 a.m. Eastern Standard Time.
The conference call will be hosted by key executives including M. Susan Hardwick (CEO), John Griffith (President), Cheryl Norton (EVP and COO), and David Bowler (EVP and CFO). The presentation will include a discussion of Q4 and full-year 2024 results, followed by a Q&A session.
Investors and interested parties can access the audio webcast through the company's Investor Relations website at ir.amwater.com, where presentation slides will be available in advance. A replay of the webcast will remain accessible for one year on the same platform.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has signed a nine-year exclusive supply contract with Calgon Carbon through 2033. The agreement covers granular activated carbon, equipment, and reactivation services for over 50 American Water sites across 10 states, specifically targeting PFAS treatment in drinking water.
The partnership focuses on meeting or exceeding EPA's PFAS regulations using Calgon Carbon's proprietary reactivation process, which destroys testable PFAS compounds to near non-detect levels. The process is noted for its environmental benefits, significantly reducing CO2 generation compared to other treatment methods and minimizing waste by keeping spent carbon out of landfills.
This agreement follows the EPA's establishment of national maximum containment levels for six PFAS in April 2024, demonstrating American Water's commitment to regulatory compliance and environmental responsibility.
Illinois American Water has completed major upgrades at its water treatment plant in Hardin, including a $500,000 investment in a sodium permanganate chemical feed system. The upgrade aims to address high levels of natural iron and manganese in the groundwater supply, improving water quality aesthetics including taste and odor.
The project, completed by Widman Construction of Godfrey using union employees, included a review and overhaul of the filtration system with replacement and repairs to the filter media. Additional filter system work is planned for 2025. The company reports positive feedback from the Hardin community regarding improved water quality.
Infrastructure improvements in 2024 included the replacement of 17 fire hydrants, installation of three new hydrants, and replacement of 39 valves in the water distribution system. Illinois American Water acquired Hardin's water and wastewater systems in June 2022.
California American Water has released its New Year recommendations to help customers manage their water services more efficiently and save money. The company promotes two main initiatives:
MyWater digital service features, allowing customers to: view and pay bills, check account balances, enroll in Auto Pay and Paperless Billing, schedule appointments, track water usage, manage service status, and receive emergency alerts.
The company also provides water conservation tips including: operating dishwashers and washing machines at full capacity, using water-saver cycles when available, installing low-flow showerheads and faucet aerators, and promptly addressing any leaks in toilets, faucets, and pipes.
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