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American Water Earns U.S. Department of Homeland Security SAFETY Act Designation
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Rhea-AI Summary
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.
Positive
First U.S. water utility to earn DHS SAFETY Act Designation, enhancing credibility.
Liability protection enhances investor confidence and operational stability.
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None.
CAMDEN, N.J.--(BUSINESS WIRE)--
American Water (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, announced today it has earned the U.S. Department of Homeland Security (DHS) SAFETY Act Designation for its internal enterprise security program which includes risk management processes, personnel training and emergency exercises, and security oversight activities.
“As the first U.S. water and wastewater company and third utility to earn this designation, I am very proud of the American Water enterprise security team for achieving this exceptional accomplishment,” said Susan Hardwick, President and Chief Executive Officer, American Water. “This designation demonstrates our continued commitment to the safety and security of our employees, customers and operations.”
Enacted by Congress in 2022, the Support Anti-Terrorism by Fostering Effective Technologies Act, or SAFETY Act, serves as one of the highest levels of accreditation offered by DHS and promotes the development and deployment of effective anti-terrorism products, systems and services.
The SAFETY Act designation recognizes American Water for having technologies and processes needed to help mitigate and reduce the risk of a terrorist attack and provides liability protection. American Water is the first U.S. water and wastewater utility company to earn this designation. The initial term of the designation is valid through October 31, 2027.
Learn more about the DHS SAFETY Act, eligibility and benefits here.
About American Water
With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to more than 14 million people in 24 states. American Water provides safe, clean, affordable and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn.
Media Contact
Alicia Barbieri Manager, Corporate Communications
American Water (856) 676-8103
alicia.barbieri@amwater.com
Source: American Water
FAQ
What is the significance of American Water's SAFETY Act Designation?
The SAFETY Act Designation signifies that American Water has implemented effective anti-terrorism measures, enhancing its operational security and liability protection.
How long is the SAFETY Act Designation valid for American Water?
The SAFETY Act Designation for American Water is valid through October 31, 2027.
What does the SAFETY Act Designation mean for American Water's investors?
This designation demonstrates robust risk management and commitment to safety, which can enhance investor confidence and perceived value.
Who recognized American Water with the SAFETY Act Designation?
The U.S. Department of Homeland Security (DHS) granted the SAFETY Act Designation to American Water.
How does the SAFETY Act impact American Water's business operations?
The SAFETY Act designation improves American Water's security framework, potentially reducing risks and enhancing operational continuity.
