American Wtr Wks Co Inc Stock Price, News & Analysis

American Water (NYSE: AWK) announced its participation in the AWWA’s Second Annual Source Water Protection Week from September 25 to October 1. The initiative emphasizes community efforts in safeguarding drinking water sources. Lynda DiMenna, Chief Environmental and Safety Officer, highlighted American Water's commitment to educating employees and customers about safe and reliable water services. The company conducts nearly 1 million tests annually, collaborates with the EPA, and employs advanced technologies for water quality. Citizens are encouraged to adopt water conservation practices and proper disposal methods to protect water sources.

Illinois American Water, a subsidiary of American Water (NYSE: AWK), has acquired the City of Villa Grove's water and wastewater systems for $11 million. This acquisition brings approximately 1,489 water and 1,069 wastewater customers into the eastern Illinois service area. Illinois American Water plans to invest $21 million over the first seven years for significant upgrades, including new water meters and a wastewater treatment plant, enhancing system reliability and supporting community growth.

California American Water has acquired Warring Water Services, Inc. for $4.6 million, expanding its services to approximately 634 new homes and businesses in Piru, California. The acquisition, recently approved by the California Public Utilities Commission, enhances customer access to reliable water services and a 24-hour customer service line. Former Warring Water customers will enjoy benefits like MyWater, an online portal for account management. The deal emphasizes California American Water's commitment to delivering quality service in the Ventura County area.

The Monterey Peninsula Water Supply Project has received approval to move forward for a vote at the California Coastal Commission's upcoming meeting in November 2022. This project aims to create and expand water supply sources to alleviate regional demand on groundwater and the Carmel River. Local leaders stress the importance of the project in ensuring sustainable water resources, supporting the local economy, and addressing the pressing challenges posed by California's drought and seawater intrusion.

Missouri American Water, a subsidiary of American Water (NYSE: AWK), recognizes its employees for their commitment to delivering safe water and wastewater services. Serving about 1.5 million Missourians, the company is investing $430 million in 2022 for system upgrades, including pipe replacements and treatment plant improvements. President Rich Svindland emphasized the skilled team working to enhance water quality and community health. This acknowledgment coincides with Governor Mike Parson’s recognition of water professionals' essential role in daily life.

American Water (NYSE: AWK) announced the successful raising of $180,000 for Water For People, a nonprofit focused on improving water and sanitation in developing nations. The American Water Charitable Foundation contributed $50,000, with additional funds raised by employee initiatives. Over the past decade, the company has donated more than $3 million to support this cause. Two employees also received the Kenneth J. Miller Founders' Award for their outstanding volunteer efforts.