American Wtr Wks Co Inc Stock Price, News & Analysis

Missouri American Water is investing over $425 million in 2023 to enhance its water and wastewater systems statewide. Key projects include upgrading treatment plants and replacing 80 miles of aging pipes that may be up to a century old. This proactive approach aims to improve service reliability, enhance water quality, and ensure compliance with health regulations. Major construction initiatives are set for locations such as St. Louis, Jefferson City, St. Joseph, and Joplin, benefiting approximately 1.5 million customers across Missouri.

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), has agreed to acquire the sanitary sewer collection system assets of Sadsbury Township Municipal Authority for $990,000. This system caters to approximately 250 properties in Sadsbury Township, Lancaster County. The acquisition is seen as beneficial, allowing for debt reduction for STMA while enabling Pennsylvania American Water to invest $1.3 million in system improvements within five years. The transaction awaits approval from the Pennsylvania Public Utility Commission and is expected to close in 2023.

California American Water has filed for a rehearing with the California Public Utilities Commission regarding the Pure Water Monterey Expansion. This application seeks to recover infrastructure costs necessary for water distribution from the project. The company emphasizes the project's importance for the Monterey Peninsula's water supply and urges a swift review of a recent decision that delayed recovery of its investments, causing potential negative impacts on customers and the region.

Other parties may file responses by January 19, 2023.

West Virginia American Water's 2023 infrastructure replacement program, known as the Distribution System Improvement Charge (DSIC), was approved by the Public Service Commission of West Virginia. This initiative will facilitate timely cost recovery for infrastructure upgrades, addressing aging water systems. The $48.7 million investment includes $31 million for over 16 miles of water main replacements and a 5.98% surcharge on customer bills, averaging $3.63 per household. This program aims to enhance reliability and efficiency in water delivery for approximately 560,000 customers.

California American Water has agreed to acquire the West San Martin Water Works potable water distribution system, adding 309 customer connections in Santa Clara County. The acquisition will allow California American Water to enhance its service offerings to the San Martin community while continuing its operations from the Monterey Peninsula. With this acquisition, California American Water aims to provide improved conservation programs and a 24-hour emergency call center, supporting its mission to deliver high-quality water services.

Illinois American Water, a subsidiary of American Water (NYSE: AWK), has expanded its service in Rosiclare by acquiring the city's water distribution system for $2.7 million. This purchase adds approximately 525 customers to its southern Illinois service area. The company previously acquired Rosiclare's water production and wastewater systems in 2020, committing to invest around $5 million over five years. Continued investments include upgrades to infrastructure and compliance improvements, enhancing water service reliability for the community.

Illinois American Water has released an animated public service video aimed at educating customers on disposing of fats, oils, and grease (FOG) to prevent plumbing clogs during the holiday season. The video features characters Fats, Oil, and Grease, portraying the risks these substances pose to plumbing systems. Customers are advised to never pour grease down sinks or toilets, and to properly dispose of it after cooling. Illinois American Water serves about 1.3 million people and is a subsidiary of American Water (NYSE: AWK), the largest investor-owned water utility in the U.S.

Illinois American Water advises homeowners to prevent frozen pipes during frigid winter temperatures. Key recommendations include allowing a small trickle of water to run overnight and opening cabinet doors to expose pipes to warmer air. If pipes freeze, customers should shut off the water immediately and apply heat to thaw them. For those away from home, having someone regularly check the property is essential. Illinois American Water, a subsidiary of American Water (NYSE: AWK), serves approximately 1.3 million people and has been recognized for high customer satisfaction in the Midwest.