Pennsylvania American Water Receives $6.1+ Million in PENNVEST Funding for Infrastructure Improvement Projects in Berks and Cumberland Counties
Pennsylvania American Water (NYSE:AWK) was awarded $6,183,799 from PENNVEST on Jan 22, 2026 to fund two infrastructure projects in Berks and Cumberland counties.
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Rhea-AI Summary
Pennsylvania American Water (NYSE:AWK) was awarded $6,183,799 from PENNVEST on Jan 22, 2026 to fund two infrastructure projects in Berks and Cumberland counties.
The package includes a $122,263 grant plus a $3,627,737 loan (1.00% for 248 months) to replace ~384 lead service lines in New Cumberland, and a $2,433,799 loan (1.00% for five years, then 1.743% for the remainder of a 20-year term) for Exeter wastewater sliplining and 1,200 feet of main replacement to reduce inflow and infiltration.
Positive
- $6,183,799 in combined PENNVEST grant and loans awarded
- Replacement of ~384 lead service lines in New Cumberland
- $2,433,799 loan funds >14,200 feet of sliplining to reduce inflow and infiltration
- Favorable loan interest of 1.00% initial term on both loans
Negative
- Loan obligation of $3,627,737 repayable over 248 months
- Exeter loan shifts to 1.743% after five years for the remainder of 20-year term
Details
News Market Reaction – AWK
On Jan 22, the day this news came out, AWK closed 0.44% above the previous close.
Data tracked by StockTitan Argus for the Jan 22 session.
Key Figures
- Total PENNVEST funding
- $6,183,799
- Grants and low-interest loans for PA infrastructure projects
- PENNVEST grant
- $122,263
- Grant for New Cumberland lead service line replacement
- New Cumberland loan
- $3,627,737
- Low-interest loan for ~384 lead service line replacements
- Lead service lines
- Approximately 384 lines
- Lead water service lines to be replaced in New Cumberland
- New Cumberland loan term
- 1.00% for 248 months
- Interest terms for PENNVEST loan
- Exeter loan amount
- $2,433,799
- Loan for Exeter Wastewater Corrective Action Plan project
- Sliplining length
- More than 14,200 feet
- Eight-, 10- and 12-inch main to be sliplined
- Exeter loan interest
- 1.00% first 5 years; 1.743% remainder
- Interest terms over 20-year Exeter loan period
Historical Context
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Scheduled Q4 and 2025 results call with management Q&A.
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Voluntary 10–15% water use reduction request during drought watch.
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New Jersey rate case to support $1.4B in system investments.
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Public guidance to reduce winter road salt for water protection.
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Highlight of ~$70M 2025 upgrades and customer savings tips.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
pfas medical
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"At Pennsylvania American Water, we strive to provide our customers with high-quality, reliable water and wastewater services while also meeting environmental standards and state and federal regulations. We're thankful to PENNVEST for approving our funding requests and supporting us in that mission," said Pennsylvania American Water Vice President of Engineering Tony Nokovich. "These projects will have a positive impact on the service provided for our customers by enabling us to continue our efforts to improve water and wastewater infrastructure across the state."
The PENNVEST grant of
In
"Every Pennsylvanian has a constitutional right to clean drinking water – and my Administration is focused on making sure that right is protected all across our Commonwealth," said Governor Josh Shapiro in the Commonwealth's official announcement. "Historic investments in clean water infrastructure like the ones made today will assist local communities replace lead service lines, upgrade water treatment plants, remove PFAS and much more to help."
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.4 million people.
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SOURCE American Water
FAQ
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