American Wtr Wks Co Inc Stock Price, News & Analysis

Missouri American Water is investing $2.4 million to replace over 9,200 feet of aging water mains in Mexico, Missouri, starting January 2022. This initiative aims to enhance service reliability and deliver clean drinking water. The project includes replacing old cast iron mains with new PVC pipes across multiple streets, with completion expected in mid-2022. Additionally, the upgrades will improve fire flow for local firefighters. Customers may experience temporary service interruptions during construction, which will follow all compliance directives.

Pennsylvania American Water has launched its 2022 Environmental Grant Program, accepting applications for community-based projects aimed at improving local watersheds and water supplies. This initiative has been ongoing for 15 years, having donated over $565,000 to more than 100 projects. Eligible projects must be innovative, evidence sustainability, and be completed within the grant year. Applications are due by March 31, 2022, with recipients announced in late April. Last year, 12 organizations received $40,000 in grant funds.

American Water Works Company (NYSE: AWK) is set to release its 2021 fourth quarter and year-end financial results on February 16, 2022, after market close. A conference call for investors will occur on February 17, 2022, at 9 a.m. EST, including a Q&A session. The call will be accessible via the company's investor relations website, where presentation slides will also be available in advance. An audio archive of the call will be accessible until February 24, 2022, with toll-free dial-in options for both U.S. and international callers.

California American Water has submitted a request for $6.8 million in financial assistance to the State Water Resources Control Board to help customers who struggled to pay water bills during the coronavirus pandemic. This aid will aim to forgive overdue balances from March 2020 to June 2021. If approved, customers will receive credits within 60 days of funding, expected by February 2022. Furthermore, the company offers interest-free payment plans for pre-pandemic balances and enrollment into its Assistance Program for additional discounts.

Illinois American Water has provided approximately $4 million in financial assistance over two years through its H₂O Help to Others program, helping over 15,500 residential customers avoid service interruptions. The program offers up to $200 in assistance regardless of income, administered through local Salvation Army agencies. Customers can also enroll in payment plans and budget billing options. Additionally, eligible customers can access a new federal program, LIHWAP, for help with overdue water bills.

American Water (NYSE: AWK) announced the reinstatement of Walter Lynch as CEO, effective January 31, 2022, following his recovery from a recent injury. Chairman Karl Kurz expressed satisfaction with Lynch's return, highlighting the company's business continuity during his absence. Susan Hardwick, who served as Interim CEO, remains as Executive Vice President and Chief Financial Officer. American Water, established in 1886, serves approximately 14 million people across 25 states, providing essential water and wastewater services.

California American Water has requested customers in the Garrapata service area to reduce water use to aid firefighting efforts due to the ongoing Palo Colorado fire that began on January 21, 2022, near Big Sur. Customers are asked to limit indoor water consumption to essential uses and discontinue all outdoor irrigation. Notification has been sent via phone, text, and email. The company aims to maintain sufficient water availability for emergency responders during this critical situation.

Pennsylvania American Water urges homeowners to prepare for impending cold weather to prevent frozen pipes. The company released a Winter Tips video highlighting preventative measures against costly household damages due to frozen pipes. Key recommendations include familiarizing yourself with freezing-prone areas, insulating pipes, and allowing a trickle of water to run from vulnerable pipes. In case of frozen pipes, they stress shutting off the water immediately and applying heat cautiously. Pennsylvanians are encouraged to clear snow around fire hydrants, aiding emergency response.

American Water (NYSE: AWK), the largest publicly traded U.S. water utility, has been included in Corporate Knights’ Global 100 list for sustainability leadership for the third consecutive year. The company is ranked sixth overall and is the top water utility on the list. This recognition is attributed to American Water's commitment to environmental, social, and governance (ESG) goals, as emphasized by interim CEO Susan Hardwick. The Global 100 ranking assesses 6,914 companies with revenues exceeding $1 billion, highlighting the correlation between strong ESG performance and investor returns.