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 announced a significant $675 million investment in system improvements across its service areas in 2024, covering 37 counties and 418 communities. The investment breakdown includes $583 million for water systems and $92 million for wastewater systems.
Key infrastructure improvements include:
- $220.4 million for installing 94.7 miles of water and wastewater mains
- $13.6 million for 1,038 fire hydrants and 3,165 valves
- $40.5 million for 11,651 service lines
The company's president, Justin Ladner, emphasized their commitment to maintaining and upgrading infrastructure for safe, clean, and reliable service. This investment initiative has generated over 10,125 jobs throughout the economy.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has highlighted its digital self-service options through its online customer portal, MyWater, and company website. The initiative aims to enhance customer convenience by providing 24/7 access to account management and information services.
Key features include:
- Account management, bill payments, and enrollment in Auto Pay and Paperless Billing
- Access to customer assistance programs and payment options
- Virtual Assistant service available Monday through Friday, 7 a.m. to 7 p.m.
- Interactive Customer Advisory Map for alerts
- Water quality reports and service line inventory information
- Three-year water usage data and conservation tips
California American Water has announced enhanced digital services through its online self-service customer portal, MyWater, and company website to improve customer account management and information access. The platform offers features including:
- Bill viewing and payment options
- Auto Pay and Paperless Billing enrollment
- Payment assistance program access
- Service activation and deactivation
- Water usage data tracking for up to three years
- Interactive Customer Advisory Map for alerts
- Water quality reports and conservation tips
The company's Vice President of Operations, Garry Hofer, emphasized their commitment to making customer interactions effortless and efficient through 24/7 accessible online tools.
New Jersey American Water has signed a $19.7 million agreement to acquire the South Orange Village water system, following a 62% voter approval in November 2024. The system serves approximately 5,000 customer connections.
The company commits to investing $50 million in infrastructure improvements within the first 10 years of ownership. Key improvements to the century-old system include:
- Replacing all lead and galvanized service lines by 2031
- Upgrading four-inch water mains and fire hydrants
- Replacing the Crest Drive Standpipe
- Rehabilitating the Main Reservoir and Newstead Watersphere
Subject to New Jersey Board of Public Utilities approval, the acquisition is expected to complete in the second half of 2025.
Pennsylvania American Water has secured $19.3 million in funding from PENNVEST, comprising low-interest loans and a grant for two major infrastructure projects. The first project, supported by a $15.2 million loan at 1% interest over 30 years, will upgrade the Kinzua Road Wastewater Treatment Plant in Kane Borough, increasing its capacity from 3.5 MGD to 5.25 MGD.
The second project, funded by a $2.46 million loan and $1.64 million grant, aims to replace 250 lead water service lines in Homestead Borough, Allegheny County. The loan terms are 1% for the first five years and 1.743% for the remaining 15 years of the 20-year period. These improvements will enhance water quality and reduce combined sewer overflow events.
Virginia American Water has received approval from the Virginia State Commission for new water and wastewater rates, resulting in a total annualized revenue increase of $14.6 million. The rate adjustment follows over $110 million in infrastructure investments in treatment system and distribution upgrades.
The new approved rates, effective May 1, 2024, actually represent a decrease from interim rates. Customers using 4,000 gallons monthly will see their water bills decrease by approximately $2.00 per month, while wastewater customers will experience roughly a $1.50 monthly decrease. The company serves approximately 350,000 people and will issue credits to customers for the difference between interim and permanent rates within 90 days.
Illinois American Water has invested over $277 million in system improvements across its service areas in 2024, continuing its significant infrastructure investment trend that totals approximately $2 billion since 2013. Major projects included:
- A $6.3 million upgrade in Alton featuring ultraviolet light equipment
- A $31.5 million investment in Jerseyville for enhanced water treatment
- A new $40 million water treatment plant in Lincoln with 5 million gallons daily capacity
- $67 million for installing and replacing over 42 miles of main
- $6.8 million for replacing 345 fire hydrants and 782 valves
- $27.2 million in wastewater treatment facility improvements
These investments aim to address aging infrastructure, maintain safety standards, and meet regulatory requirements. The company's capital investments contributed to creating over 4,200 jobs in Illinois during the year.
American Water (NYSE: AWK) reported strong 2024 financial results with earnings of $5.39 per share, up from $4.90 in 2023. The company delivered an 8.1% dividend growth and invested $3.3 billion in capital improvements, including $417 million for regulated acquisitions.
Key achievements include adding nearly 90,000 customer connections (69,500 through acquisitions) and securing approximately $389 million in authorized additional annualized revenues from rate cases. The company affirmed its 2025 EPS guidance range of $5.65-$5.75 and long-term EPS and dividend growth targets of 7-9%.
In a leadership transition, CEO M. Susan Hardwick will retire on May 14, 2025, to be succeeded by current President John Griffith. Under Hardwick's leadership, the company expanded its ten-year capital plan to $42 billion and completed over 100 acquisitions across 12 regulated states.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has announced the continuation of its partnership with Scholarship America® for its 2025 scholarship program. The initiative will distribute $100,000 in awards to students within American Water's national footprint who are pursuing non-medical STEM or business-related degrees at accredited four-year colleges.
Since 2023, the company has awarded 20 scholarships, which are renewable for up to three additional years or until recipients earn their bachelor's degrees. The program will continue through 2026, with total awards exceeding $1 million.
California American Water has completed a $560,000 water storage tank rehabilitation project in Monterey. The project focused on upgrading the 80,000-gallon Aguajito Tank with several critical improvements to enhance its long-term performance and reliability.
The comprehensive rehabilitation included interior and exterior coating to prevent corrosion and leaks, installation of new ladder and handrails for safer maintenance access, and piping modifications to meet current standards with seismic improvements. Additional maintenance work covered repairs to anchor bolts, foundation, manholes, and roof vents, followed by thorough cleaning and disinfection.
Project Manager Jenna Engelken emphasized their efficient approach to minimize service disruption while implementing necessary infrastructure improvements. The company maintains a proactive maintenance schedule to combat the effects of harsh summer heat and salty ocean winds on their tanks.
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