American Wtr Wks Co Inc Stock Price, News & Analysis

American Water Works Company (NYSE: AWK) announced the departure of Edward Vallejo, Vice President of Investor Relations, effective September 17, 2021, as he transitions to another company. Accolades for American Water include ranking first in the utilities sector by Institutional Investor for ESG, Strategy Communication, and Analyst Day. Aaron Musgrave will replace Vallejo as Senior Director of Investor Relations starting September 20, 2021. Musgrave brings extensive experience from Vectren Corporation and holds an MBA from Butler University.

California American Water held a virtual awards ceremony recognizing diverse businesses, significantly exceeding the California Public Utilities Commission goal of 21.5% by spending nearly $42 million (40% of total) with minority and diverse suppliers in 2020. The event showcased awards for various achievements, including the Partnering Forward to Success Program, which saw over $5 million spent with diverse subcontractors. The company aims to cultivate inclusivity within the utility industry while enhancing local economies.

New Jersey American Water successfully managed flood impacts from Tropical Depression Ida, ensuring drinking water quality remained unaffected across all service areas. The company implemented effective flood protection plans, notably at its Raritan-Millstone Water Treatment Plant, which underwent a $37 million upgrade in 2018. This facility, critical for approximately 1 million residents, demonstrated resilience by maintaining operations despite severe flooding. The Raritan River peaked at a historic 44.87 feet, yet the plant's enhanced flood defenses effectively mitigated potential disruptions.

Missouri American Water (MOAW) is investing $500,000 to upgrade aging pipes along Manchester Road in support of the Route 100 improvement project by the Missouri Department of Transportation. The project will involve replacing approximately 500 feet of main, improving infrastructure while minimizing disruption to traffic. The eight-week construction will reduce traffic to one lane in both directions, and customers may experience temporary water service interruptions. For more information, visit Missouri American Water.

New Jersey American Water has announced that its operations are maintaining water quality despite the flooding caused by Tropical Depression Ida. The firm has invested $37 million in flood protection for its Raritan-Millstone Water Treatment Plant. Licensed operators are on-site to ensure continuous operations. Due to disruptions in chemical deliveries, the treatment process will temporarily switch from chloramine to free chlorine, a common maintenance procedure. This change may alter the taste of the water but will not compromise safety standards.

Pennsylvania American Water is preparing for the operational impacts of Tropical Depression Ida, which threatens heavy rainfall and flooding. The utility has implemented readiness measures for its water and wastewater systems, ensuring safety and reliability in service. Vice President Jim Runzer emphasized emergency response planning as crucial for maintaining safe drinking water. Preparations include testing and fueling generators, securing additional chemicals, and staging sandbags. Customers are advised to create emergency plans and stay informed about flood risks.

American Water (NYSE: AWK) participated in a meeting led by President Biden alongside education and private sector leaders to enhance national cybersecurity efforts. President Biden stressed the importance of collective action, recognizing the water sector's role in addressing cyber threats. CEO Walter Lynch highlighted the company's commitment to safety and cybersecurity, supporting partnerships with the Cyber and Infrastructure Security Agency and the Environmental Protection Agency. American Water is actively involved in the NIST Cybersecurity Framework and leads initiatives in the water sector for sharing threat information.