American Wtr Wks Co Inc Stock Price, News & Analysis

The Low-Income Household Water Assistance Program (LIHWAP) has allocated over $5 million in utility assistance to Pennsylvania American Water customers since its launch on January 4, 2022. Funded by $43 million from federal aid, the program has provided more than 8,000 grants for overdue water bills. The company is promoting the program through targeted campaigns and community partnerships. As of June 18, approximately $11.2 million remains available, with the program set to conclude by September 30, 2023.

Pennsylvania American Water has enhanced its customer service for Spanish-speaking clients by introducing various resources aimed at breaking language barriers. Key improvements include a Spanish version of the company website, bilingual billing communications, and instructional guides on reading bills. The company has also released informational videos in Spanish. Customers can now easily designate Spanish as their preferred communication language by contacting Customer Service. These initiatives aim to provide effective and meaningful access to essential information for the Spanish-speaking community.

Missouri American Water's Hydration Station Grant Program has provided funding to twenty schools, cities, and non-profits for better access to drinking water. The initiative promotes environmental stewardship by reducing single-use plastic through the installation of water bottle filling stations and drinking fountains. Award recipients include various educational institutions and parks across the state. The program is set to accept applications again in spring 2023, inviting more organizations to enhance community water access.

Illinois American Water was awarded for its excellence in water quality and safety at the ACE22 conference. The company received four 20-Year Directors Awards for its water treatment plants and the Wendell R. LaDue Utility Safety Award. These honors recognize Illinois American Water's commitment to superior drinking water quality, exceeding regulatory standards, and maintaining an excellent safety record. The Godfrey wastewater team celebrated over 22 years without lost-time accidents, demonstrating a strong focus on workplace safety.

The Hawaii Public Utilities Commission has approved new rates for Hawaii American Water's Hawaii Kai customers, marking the first rate adjustment since 2011. Effective after final tariffs are approved, the new rates will generate approximately $1.7 million in additional annual revenue and reflect over $32 million in investments for wastewater improvements. The typical increase for single-family homes will be $11.52, raising average monthly rates from $67.08 to $78.60. The adjustment aims to enhance the quality of wastewater services.

Pennsylvania American Water plans to enhance its water storage capacity with a $16.5 million investment for 2022. This includes rehabilitating 14 existing water storage tanks and constructing seven new tanks across various municipalities. The rehabilitation process will improve the longevity of the tanks and ensure water quality, while new constructions aim to meet increasing supply and fire protection demands. This proactive maintenance approach is positioned as more cost-efficient compared to tank replacement, benefiting customers and enhancing service reliability.