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.
West Virginia American Water, a subsidiary of American Water, has signed a $30 million agreement to acquire the water and wastewater assets of Jefferson Utilities and related services. This acquisition will enhance service to nearly 4,000 customers in Jefferson, Berkeley, and Morgan counties. The deal is pending approval from the Public Service Commission of West Virginia and is expected to close by the end of 2022. Jefferson Utilities’ customers will transition to rates set by West Virginia American Water, ensuring continued service quality and local customer support.
American Water Works (NYSE: AWK) has declared a quarterly cash dividend of $0.6550 per share, payable on September 1, 2022. This dividend remains consistent with the previous quarter, reflecting the company's commitment to shareholder returns. Notably, this announcement marks the 14th consecutive year of increased annual dividends. Shareholders can reinvest dividends through the American Water Stock Direct plan with no brokerage fees.
Missouri American Water is set to replace three water main valves on Gene Field Road from July 25 to August 5, causing a temporary road closure. This upgrade is crucial for redirecting water flow during main breaks, ensuring minimal service interruption. In 2022, the company is also replacing nearly 10 miles of aging pipes in St. Joseph, improving system reliability and fire protection. As a subsidiary of American Water (NYSE: AWK), it serves around 1.5 million customers, emphasizing proactive investments for enhanced service.
American Water Works Company (NYSE: AWK) will release its 2022 second quarter financial results after market close on July 27, 2022. A conference call for investors and analysts will follow on July 28, 2022, at 9 a.m. EDT, where executives will discuss the results and answer questions. The call will be accessible via audio webcast on the company's Investor Relations website. The company provides vital drinking water and wastewater services to approximately 14 million people across 24 states.
Pennsylvania American Water plans a rate adjustment request linked to an investment of $1.13 billion in water and wastewater infrastructure. A series of public hearings will take place from July 19-21, 2022, allowing customers to voice their opinions. The proposed changes include updates to low-income discount programs and lead service line replacements. New rates, if approved, will start in 2023 for most customers. Interested parties must pre-register with the Office of Consumer Advocate by 3:00 p.m. the day before their intended testimony.
Illinois American Water has significantly increased its commitment to diverse spending, reaching over $65 million in 2021, which accounts for more than 28% of total spend. The company has partnered with over 179 certified diverse suppliers, marking a 13% increase from the previous year. Approximately $46 million was spent with Illinois-based businesses, and diverse-owned businesses saw a growth of 20%. The Inclusion and Diversity Grant program was also launched to support diverse suppliers.
Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), announces the availability of 30 remote customer service job positions aimed at residents in the greater Pittsburgh area. This initiative highlights the company's ongoing commitment to community investment and enhancing its customer service capabilities. The entry-level positions will support customers within American Water's regulated footprint, providing essential service. Interested candidates can apply via amwater.com/careers.
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Illinois American Water is promoting the federally-funded LIHWAP program to assist low-income families with their water/wastewater bills, offering up to $1,500 in support. This program is available until August 31, 2023 and is managed by the Illinois Department of Commerce and Economic Opportunity through local Community Action Agencies. Additionally, customers can benefit from Illinois American Water's H2O Help to Others Program and other payment solutions, ensuring access to essential services amid rising household costs.
Missouri American Water has submitted a request to the Missouri Public Service Commission to review its water and wastewater rates, driven by nearly $770 million in investments from January 2021 to May 2023. The review process is anticipated to take 11 months, with new rates expected to take effect in mid-2023. Key projects include upgrading treatment plants and replacing aging pipelines. If approved, customers could see an increase of about $12 monthly for water services, while wastewater rates may vary.