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.
American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has announced multiple payment options and services for customers to pay their water bills. The company offers five main payment methods: Auto Pay through MyWater portal, online payment at amwater.com/billpay ($1.95 transaction fee may apply for both), mail-in payment, 24/7 phone payment, and in-person payment at authorized locations.
Additional services include Budget Billing for predictable monthly payments, Paperless Billing with 36-month bill history access, Preferred Due Date adjustment options, and Third-Party Notification for delegated bill management.
American Water (NYSE: AWK) has announced key leadership appointments in its Communications and External Affairs team. Denise Venuti Free has been promoted to Vice President of External Communications, where she will lead the company's communications strategy. She joined American Water in 2009 and previously served as Senior Director of Communications and External Affairs for New Jersey American Water.
Michael Chirico has been appointed Director of Legislative and External Affairs, bringing experience from the U.S. Chamber of Commerce and various federal institutions. He will focus on strengthening strategic third-party relationships and enhancing American Water's voice with policymakers.
Megan Hannah has been named Director of External Communications, tasked with developing stakeholder education strategies. She previously served as Senior Manager of Government and External Affairs at West Virginia American Water for over a decade.
California American Water has completed a $4.5 million water main replacement project in its Bellflower system. The project included replacing 8,510 linear feet of aging 4 and 6-inch asbestos cement water main with new 8-inch ductile iron pipes, installing new service pipes for 170 customers, upgrading 13 fire hydrants, and replacing 39 gate valves.
The company acquired Bellflower's municipal water system in 2022 and has since made several upgrades to serve approximately 1,800 homes and businesses. The infrastructure improvements aim to make the system more durable, less prone to corrosion, and reduce service disruptions, ensuring increased reliability for customers.
California American Water, a subsidiary of American Water, has completed the $1.6 million acquisition of West San Martin Water Works, adding approximately 325 new water connections to its existing base of 40,000 connections in the Monterey Peninsula region. The acquisition, approved by the CPUC in January 2025, will commence service in February 2025.
The consolidation aims to provide rate stability and resources for capital improvements while leveraging California American Water's industry expertise. The transition will be seamless for customers, requiring no action from their end. A community workshop is scheduled for February 8, 2025, at the Wings of History Museum in San Martin to introduce company representatives to new customers.
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.
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