American Wtr Wks Co Inc Stock Price, News & Analysis

Illinois American Water has successfully acquired the City of Mt. Pulaski's water and wastewater systems for $5.25 million, recently approved by the Illinois Commerce Commission. This acquisition adds approximately 834 water and 800 wastewater customers to Illinois American Water's service area. The company plans to invest around $13.8 million over five years in system upgrades, including replacing infrastructure and enhancing service resilience. The local government anticipates improved water quality and the ability to focus on other priorities.

California American Water has enhanced its online customer portal, MyWater, to improve user experience. The updated interface offers features such as detailed bill reviews, service alerts, and easy enrollment for payment assistance, which can be accessed 24/7. President Kevin Tilden highlighted that these changes allow customer service representatives to focus on assisting customers more effectively. The portal also supports paperless billing and auto-pay sign-ups, enhancing convenience for over 880,000 residents in California.

Missouri American Water has launched its updated online customer portal, MyWater, enhancing user access to services including billing, usage information, and service alerts. This new interface aims to improve customer experience and support customer service agents by automating processes. Customers can easily manage billing preferences and enroll in financial assistance programs directly through the portal, reducing the need for customer service calls. Missouri American Water serves approximately 1.5 million residents in the state, under the ownership of American Water (NYSE: AWK).

Illinois American Water honored four supervisors with the ESGR's Patriot Award for their support of co-worker Jack (Jake) Sciuto, who is deployed in the National Guard. The awards were presented during a ceremony on December 8 at the East St. Louis treatment plant. Illinois American Water, a subsidiary of American Water (NYSE: AWK), is recognized as a military-friendly employer, providing reliable water services to 1.3 million people in Illinois. The company has also received the 2021 Military Friendly® Gold Employer designation.

Missouri American Water has welcomed approximately 778 new customers in Garden City, Missouri, providing them with clean drinking water and reliable wastewater services. Following the approval from the Missouri Public Service Commission, the company pledged to invest $7.4 million over the next five years to enhance the water and wastewater systems, ensuring compliance with state and federal regulations. The transition will include welcome packets for customers detailing new services, including the MyWater online portal for account management.

Illinois American Water launched its annual art contest, "Water Keeps Life Flowing," engaging 3rd to 5th graders to express the significance of safe water service through art. This initiative promotes creativity while educating children on the public health and environmental importance of water. The contest awarded 22 winners, with each classroom receiving a $100 donation. Illinois American Water, part of the largest investor-owned water utility in the U.S., aims to connect with future environmental leaders through this outreach.

American Water Works Company (NYSE: AWK) has finalized the sale of its Homeowner Services Group to Apax Partners for approximately $1.275 billion. The transaction includes $485 million in cash and a $720 million secured Seller Note, which carries a 7% interest rate over five years. An additional $75 million may be received if certain conditions are met by December 31, 2023. The cash proceeds are intended for reinvestment in American Water's regulated operations, enhancing their capital investment strategy.