Welcome to our dedicated page for American Wtr Wks Co news (Ticker: AWK), a resource for investors and traders seeking the latest updates and insights on American Wtr Wks Co stock.
American Water Works Company Inc (AWK), the largest investor-owned U.S. water utility since 1886, provides essential water services through regulated operations and military contracts. This page aggregates official news and regulatory developments impacting this infrastructure leader.
Investors and stakeholders will find timely updates on earnings announcements, rate case decisions, and infrastructure investments. Our curated feed includes press releases about service expansions, environmental compliance milestones, and operational updates from AWK's 16-state footprint.
Key content focuses on regulatory filings with state commissions, capital improvement plans, and water quality initiatives. Track developments in AWK's military housing contracts and technological advancements in leak detection systems.
Bookmark this page for structured access to SEC filings, dividend declarations, and sustainability reports. Check regularly for analysis of how rate base growth and infrastructure renewal cycles impact this essential service provider.
In 2020, New Jersey American Water donated over $1.5 million to more than 50 organizations across New Jersey, focusing on health, safety, and community support amidst the COVID-19 pandemic. Contributions included $950,000 via the Neighborhood Revitalization Tax Credit program and $245,000 to assist customers through the H2O Help to Others program. Moreover, employees raised $125,000 for local nonprofits. The company emphasizes continuous community involvement as a priority.
American Water Works Company (NYSE: AWK) reported 2020 earnings of $3.91 per share, up from $3.43 in 2019. The company announced a 2021 earnings guidance range of $4.18 to $4.28 per share, alongside long-term EPS growth targets of 7-10% from 2021-2025. Major highlights include $1.9 billion in capital investments and 23 regulated acquisitions. A virtual Investor Day is set for February 25, 2021, focusing on strategic growth and infrastructure investments.
American Water Works Company (NYSE: AWK) announced the appointment of Cheryl Norton as Executive Vice President and Chief Operating Officer, and Bruce Hauk as Deputy Chief Operating Officer, effective March 1, 2021. Norton, previously Senior Vice President and Chief Environmental Officer, will oversee operations for over 12 million customers across more than 1,600 communities. Hauk, currently President of Regulated Operations, will assist in managing the utility’s performance. The leadership changes aim to strengthen American Water's operational capabilities and emphasize customer care.
Pennsylvania American Water announced a substantial investment of $400 million in 2020 for enhancing its water and wastewater infrastructure in Pennsylvania. This investment, aimed at improving service for 2.4 million residents, included replacing over 126 miles of pipelines, upgrading treatment facilities, and enhancing leak detection technology. The investments generated over 6,200 jobs in the state, supporting local economies during the COVID-19 pandemic. The company continues to focus on delivering safe, reliable water while also engaging in community support through charitable contributions.
Illinois American Water has acquired the Concordia Water Cooperative's water distribution system for $1.7 million, adding around 150 customers in the Metro East area. This strategic move follows a vote by the cooperative in July 2019 and approval from the Illinois Commerce Commission. Customers can expect their bills to decrease by approximately $50.25 monthly due to the removal of infrastructure reimbursement costs. The company, which has over 145 years of service history, plans to enhance the water distribution system for improved reliability and customer satisfaction.
California American Water announced a total investment exceeding $68 million in system upgrades for 2020, aimed at enhancing water and wastewater services. Despite challenges from COVID-19, the company completed projects such as pump stations and well rehabilitations across various locations, ensuring reliable services. Over the next two years, they plan to invest $143 million in further infrastructure improvements. This commitment underscores their goal to provide safe and reliable services to over 680,000 residents, particularly crucial during the pandemic.
California American Water allocated over $3 million to support community organizations and customers amidst the pandemic's economic challenges in 2020. The company donated more than $400,000 directly to local nonprofits and contributed over $19,000 for sustainable initiatives. Additionally, it provided $2.6 million to customers through its Customer Assistance Program, with a 30% increase in enrollment. The company also suspended all non-payment shutoffs and ceased collection efforts, reinstating services to previously shutoff customers.
Pennsylvania American Water has launched its 2021 Stream of Learning Scholarship Program, offering $1,000 scholarships to 10 high school seniors pursuing careers in the water and wastewater industry. To qualify, applicants must reside in a Pennsylvania American Water service area, plan to attend a college or technical school, and study fields like engineering, environmental science, or chemistry. Applications are due by April 2, 2021, with winners announced in May.
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