American Wtr Wks Co Inc Stock Price, News & Analysis

California American Water has re-activated its customer protection program for residents in the Monterey service area due to impacts from recent storms and flooding. The program aims to assist customers facing property damage or displacement, allowing for payment arrangements for unpaid bills, suspending disconnections for non-payment, waiving late fees, and offering bill adjustments for extraordinary water use. This initiative underscores the company's commitment to alleviating stress for affected families. Customers can reach out for support at 888 237-1333 or visit their office in Pacific Grove during working hours.

Pennsylvania American Water has agreed to acquire the wastewater system assets from the Towamencin Municipal Authority, serving over 6,300 customers. This acquisition enhances Pennsylvania American Water's portfolio, already providing services to approximately 2.4 million residents. President Justin Ladner emphasized the company's commitment to long-term solutions for utility services. The deal is anticipated to close by mid-2024, pending regulatory approvals from the Pennsylvania Public Utility Commission. The utility aims to leverage its resources and experience in delivering quality wastewater services to new customers.

Pennsylvania American Water is hosting a supplier summit on April 13, 2023, from 9:30 a.m. to 3:30 p.m. at the DoubleTree by Hilton Hotel in Greentree. The company plans to invest over $2 billion in its water and wastewater systems, emphasizing an inclusive supply chain to support local economies. The summit encourages attendance from diverse suppliers, including certified VBE, WBE, MBE, LGBTQ, Disabled, and Service-Disabled companies. This networking opportunity will connect attendees with primary contractors and major suppliers, aiming to enhance supplier diversity and competitive procurement processes.

Illinois American Water is participating in the EPA's Fix a Leak Week from March 20-26, promoting water conservation to its customers. Leaks can waste up to 10,000 gallons of water per year per household, with a national total exceeding 1 trillion gallons. Fixing leaks can reduce water bills by an estimated 10 percent. The company is committed to improving water infrastructure for enhanced service reliability. Leak detection tips include monitoring monthly bills and testing toilets for leaks. Illinois American Water serves about 1.3 million people and has been recognized for customer satisfaction in the Midwest.

Missouri American Water, in collaboration with the U.S. EPA, is promoting "Fix a Leak Week" from March 20-26 to educate customers on identifying and repairing water leaks. The EPA reports that household leaks waste nearly 10,000 gallons of water annually, potentially increasing water bills by 10%. Common leaks originate from faucets and toilets. Missouri American Water recommends monitoring water bills, testing toilets, checking faucet gaskets for leaks, listening for running water, and inspecting irrigation systems. The company is investing $425 million in water and wastewater system improvements this year to further reduce leaks and enhance service.

California American Water (NYSE: AWK) has responded to the Public Advocates Office's (PAO) motion seeking a rehearing on Decision 22-12-001 regarding the Pure Water Monterey Expansion (PWMe) project. Their response supports the PAO's request for changes that would address two main issues: securing funding for new extraction wells and correcting legal errors in infrastructure funding. The company stresses that it will proceed with the PWMe agreement if the PAO's amendments are adopted. Notably, the original commission decision could negatively affect the company's operations and customers.

Missouri American Water is currently accepting applications for its 2023 Hydration Station Grant Program, aimed at enhancing access to safe hydration in public spaces. Last year, 20 schools, cities, and nonprofits received funding for drinking fountains and bottle filling stations. The initiative not only promotes environmental stewardship by reducing plastic waste but also aims to assist underserved communities. Applications will be accepted until April 30, 2023. Interested parties can apply online provided they are customers of Missouri American Water.

California American Water, in partnership with the American Water Charitable Foundation, has awarded a $25,000 grant to the Monterey County Fire Training Officer’s Association for a Pump Pod training tool. This tool aims to enhance firefighter training while significantly reducing water usage. In its initial training days, the tool has already saved 25,000 gallons of water. This initiative aligns with California American Water's conservation goals and demonstrates the company's commitment to community support.