American Wtr Wks Co Inc Stock Price, News & Analysis

California American Water has submitted a coastal development permit application for the Monterey Peninsula Water Supply Project, aimed at increasing water supply through desalination and groundwater replenishment. This project, supported by the California Coastal Commission, seeks to address over 25 years of water shortages in the Monterey Peninsula. It plans to create over 1,700 jobs and provide reliable water for housing and businesses. The initiative focuses on environmental protection while ensuring community resilience against drought.

California American Water and Golden State Water Company invited California Public Utility Commissioners on a tour in Sacramento to discuss the benefits of consolidating small water systems. The tour highlighted improvements in water treatment and infrastructure for smaller communities, emphasizing how larger utilities can enhance service reliability. The Robbins water system, recently acquired by Golden State Water, was showcased as an example of returning to compliance with health standards. Further tours for additional commissioners are planned.

American Water and Golden State Water hosted a tour for California Public Utilities Commissioners in the Sacramento Valley, showcasing small water system consolidation benefits. The event highlighted advancements in water quality, safety, and infrastructure improvements for underserved communities. With a focus on the Robbins and Dunnigan water systems, officials discussed key upgrades, including Chromium 6 treatment and compliance with health standards. The companies plan further tours to demonstrate their commitment to enhancing water services across California.

California American Water announced an increase in enforcement of water usage guidelines due to ongoing drought conditions in Southern California. Starting August 8, 2022, water waste patrols will monitor prohibited irrigation practices in Los Angeles and Ventura Counties. First-time violators will receive warnings and educational resources, while continued violations may incur fines. The company encourages immediate water use reduction and adherence to specific watering schedules for residential and commercial customers.

The New Jersey Board of Public Utilities approved a settlement for New Jersey American Water, resulting in a total annualized revenue increase of approximately $45.5 million. This rate change, effective September 1, 2022, follows over $985 million in infrastructure investments since the last filing on January 14, 2022. Average water bills will increase by $2.93 for 5,520 gallons, while wastewater bills will rise by $3.74. The cost remains competitive at around one penny per gallon.

Illinois American Water is now accepting applications for its 2022 Firefighter Grant Program, providing financial aid to fire departments in its service areas. Since 2010, the program has awarded over $760,000 in grants, supporting more than 770 fire departments. Eligible departments can receive up to $1,000 for gear, equipment, training, and other community fire protection needs. Applications are due by Sept. 12, 2022. For more details, visit www.illinoisamwater.com.

Missouri American Water will replace nearly 8,000 feet of aging water mains in Affton, MO, starting this summer, investing $5 million in the upgrade. The initiative will replace 90-year-old cast-iron mains with new ductile iron pipes, enhancing water service and reliability for nearly 1.5 million residents. This project is part of a larger $400 million investment across Missouri for water and wastewater system improvements. Additionally, eight fire hydrants and 140 service lines will be replaced. Construction is expected to finish by late fall, with traffic detours in effect during work hours.