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.
The Pennsylvania Public Utility Commission approved a settlement agreement that allows Pennsylvania American Water to increase annualized revenue by $138 million. New rates, effective January 28, 2023, will raise average residential water bills by approximately $9 and wastewater bills by $30. The settlement also includes enhanced customer assistance programs and an accelerated lead service line replacement initiative. The total investment exceeds $1 billion to improve aging infrastructure while ensuring affordability for low-income households.
American Water Works Company (NYSE: AWK) has appointed Laurie P. Havanec and Michael L. Marberry as independent directors effective December 7, 2022. Havanec, with extensive human resources and ESG expertise, currently serves as Chief People Officer at CVS Health. Marberry brings significant executive leadership experience, having led J.M. Huber Corporation to sustainability recognition. Their additions are expected to strengthen the board's capabilities and align with the company's strategic goals.
American Water Works Company (NYSE: AWK) declared a quarterly cash dividend of
American Water (NYSE: AWK) has been recognized in the NYSE’s Global Giving Campaign for its long-standing partnership with Water For People. The company has donated over $3 million to improve global water and sanitation access over the past decade. Susan Hardwick, CEO of American Water, emphasized the importance of this collaboration in promoting clean water initiatives. The campaign includes participation from over 200 listed companies, with American Water featured on the Global Giving Campaign website and honored with a custom ornament displayed at the NYSE.
New Jersey American Water celebrated the graduation of 13 participants from its Water Utility Pipeline (Water UP!) training program in Plainfield, aimed at developing talent for the water utility industry. The 11-week program, conducted in partnership with Apex Solutions Group, included hands-on training and essential business skills. This initiative, part of a broader workforce development strategy, seeks to empower individuals from underserved communities, providing them with career paths in water and wastewater services. The program began in Camden in September 2021.
The California Coastal Commission approved a development permit for intake slant wells to support California American Water's proposed desalination plant on November 17, 2022. This marks a crucial step in addressing the Monterey Peninsula's water supply crisis. The project aims to diversify water sources, alleviate pressure on the Carmel River Aquifer, and support new housing and economic development. Construction is expected to start in 2024, with the plant operational by the end of 2027, utilizing renewable energy sources and promising a community benefit of $3 million for local residents.
Illinois American Water has appointed Kyle Smith as the new Senior Operations Manager for the Western Division, effective October 17, 2022. Smith, who joined the company in 2020, will oversee operations in Peoria, Pekin, and Lincoln Districts. His background includes serving as the Director of Planning and Public Works for Peoria Heights. Smith possesses a bachelor’s in business administration and a master’s in urban and regional planning, along with a Class B Public Water Supply Operator license. Illinois American Water, a subsidiary of American Water (NYSE: AWK), serves around 1.3 million customers.
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