American Water Works Company, Inc. reports developments tied to its regulated water and wastewater utility operations across the United States. The company provides drinking water and wastewater services to about 14 million people through regulated operations in 14 states and on 18 military installations, with operating subsidiaries including California American Water, Pennsylvania American Water, Maryland American Water, Virginia American Water, Illinois American Water, Iowa American Water and Tennessee American Water.
News for AWK commonly covers annual water quality and Consumer Confidence Reports, state-level service updates, infrastructure investment, public utility rate proceedings, drinking water standards, community programs and subsidiary activity in local service territories. Updates also reference the company’s long operating history and its role in regulated water and wastewater service delivery.
Illinois American Water is urging participation in the DEA's National Prescription Drug Take Back Day on Saturday, Oct. 29, 2022, from 10 a.m. to 2 p.m.. Customers can drop off unwanted medications at approved sites for safe incineration, discouraging harmful disposal methods like flushing. In April 2022, Illinois collected over 23,000 pounds of prescription drugs. Director Rachel Bretz emphasizes the importance of safe disposal to protect water sources. Permanent disposal programs are available for those unable to attend. For more information, visit the DEA's official site.
American Water (NYSE: AWK), the largest U.S. water and wastewater utility, has received the U.S. Department of Homeland Security's SAFETY Act Designation for its enterprise security program. This designation recognizes the company's effective anti-terrorism measures and liability protection against terrorist threats. American Water is the first water utility to earn this recognition, which is valid until October 31, 2027. CEO Susan Hardwick emphasized the designation reflects the company's commitment to safety and security for employees and customers.
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American Water Works (NYSE: AWK) plans to release its Q3 2022 financial results and 2023 earnings guidance on October 31, 2022, after market close. A conference call with executives, including CEO Susan Hardwick, will occur on November 1, 2022, at 9 a.m. EDT, focusing on Q3 results and long-term targets. Interested parties can access the call via the Investor Relations website. American Water, established in 1886, is the largest publicly traded water utility in the U.S., serving approximately 14 million people across 24 states.
Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), announced an agreement to purchase the Butler Area Sewer Authority's wastewater system for $231.5 million. This system serves nearly 15,000 customers across 32.5 square miles, including the City of Butler and surrounding areas. The deal includes job offers to all BASA employees and a one-year rate freeze for customers. Pennsylvania American Water plans to invest over $75 million in system upgrades, ensuring improved services and infrastructure enhancements. The transaction aims to close by the end of 2023.
Illinois American Water has announced over $96,000 in grants through its 2022 Firefighter Grant Program, benefiting over 90 fire departments in Illinois. This initiative has awarded over $856,000 since its inception in 2010, supporting vital equipment and training for local emergency organizations. President Justin Ladner emphasized the importance of these resources for community safety. The announcement coincides with National Fire Prevention Week (Oct. 9-15, 2022), aimed at raising awareness about fire prevention.
Pennsylvania American Water announced the allocation of $71,000 in grants to 142 fire and rescue organizations across the Commonwealth, aligning with Fire Prevention Week. The initiative, part of its annual Firefighting Support Grant Program, reflects a continued commitment to enhancing local fire departments' capabilities. Since its inception in 2009, the program has contributed over $850,000 to support fire services in Pennsylvania, enabling purchases of vital firefighting equipment and training materials.
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California American Water introduced a phased plan for the Monterey Peninsula Water Supply Project (MPWSP) to enhance the Monterey Peninsula's water supply. This initiative involves a 6.4 million gallon per day desalination facility, with an initial output of 4.8 million gallons. Community feedback supports the need for drought-proof water supplies to foster economic development and housing construction. The approach allows for future expansions while addressing water shortages exacerbated by drought and reduced Carmel River use.
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