American Wtr Wks Co Inc Stock Price, News & Analysis

Pennsylvania American Water plans a rate adjustment request linked to an investment of $1.13 billion in water and wastewater infrastructure. A series of public hearings will take place from July 19-21, 2022, allowing customers to voice their opinions. The proposed changes include updates to low-income discount programs and lead service line replacements. New rates, if approved, will start in 2023 for most customers. Interested parties must pre-register with the Office of Consumer Advocate by 3:00 p.m. the day before their intended testimony.

Illinois American Water has significantly increased its commitment to diverse spending, reaching over $65 million in 2021, which accounts for more than 28% of total spend. The company has partnered with over 179 certified diverse suppliers, marking a 13% increase from the previous year. Approximately $46 million was spent with Illinois-based businesses, and diverse-owned businesses saw a growth of 20%. The Inclusion and Diversity Grant program was also launched to support diverse suppliers.

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), announces the availability of 30 remote customer service job positions aimed at residents in the greater Pittsburgh area. This initiative highlights the company's ongoing commitment to community investment and enhancing its customer service capabilities. The entry-level positions will support customers within American Water's regulated footprint, providing essential service. Interested candidates can apply via amwater.com/careers.

Illinois American Water is promoting the federally-funded LIHWAP program to assist low-income families with their water/wastewater bills, offering up to $1,500 in support. This program is available until August 31, 2023 and is managed by the Illinois Department of Commerce and Economic Opportunity through local Community Action Agencies. Additionally, customers can benefit from Illinois American Water's H2O Help to Others Program and other payment solutions, ensuring access to essential services amid rising household costs.

California American Water has submitted a proposal for new rates to take effect on January 1, 2024, pending approval from the California Public Utilities Commission (CPUC). The request includes a total investment of $462 million for infrastructure upgrades and aims for a revenue increase of approximately $95 million over three years, which includes a projected $56 million rise in 2024. Customers may see bill increases between $2.45 and $7.87 monthly. The proposal emphasizes climate resiliency, wildfire mitigation, and enhanced affordability programs for customers.

Missouri American Water has submitted a request to the Missouri Public Service Commission to review its water and wastewater rates, driven by nearly $770 million in investments from January 2021 to May 2023. The review process is anticipated to take 11 months, with new rates expected to take effect in mid-2023. Key projects include upgrading treatment plants and replacing aging pipelines. If approved, customers could see an increase of about $12 monthly for water services, while wastewater rates may vary.

American Water (NYSE: AWK) has been awarded a contract valued at approximately $341 million over 50 years for the ownership, operation, and maintenance of the wastewater utility system at Naval Station Mayport in Jacksonville, Fla.. This contract expands the company's Military Services Group's footprint to 18 installations across various military branches. The contract was awarded by the Defense Logistics Agency and marks American Water's first contract with the Navy, reinforcing its position as a trusted partner for the Department of Defense.

West Virginia American Water has submitted a proposal to the Public Service Commission for its 2023 infrastructure replacement program, totaling $81.2 million investments. This plan aims to enhance water systems and includes projects like upgrading 16 miles of water mains and replacing fire hydrants and meters. The average residential customer will see an increase of $2.88 per month on their Distribution System Improvement Charge. The company emphasizes transparency through an interactive map of ongoing projects.