American Water Works Company, Inc - AWK STOCK NEWS

American Water (NYSE: AWK), the largest regulated water and wastewater utility in the U.S., will contribute its expertise at the 2024 Mid-America Regulatory Conference (MARC) from June 9-12 in Minneapolis. Matt Prine, President of Indiana American Water, will participate in a panel titled 'Innovative Ideas in Commission Permitting and Community Engagement.' The panel will discuss the collaborative efforts between utilities, developers, regulators, stakeholders, and communities. MARC is an association of regulatory agencies from 14 states, facilitating annual meetings since 1958 to discuss industry issues and policies.

American Water (NYSE: AWK) has appointed Stacy A. Mitchell as Executive Vice President and General Counsel, replacing the retiring James H. Gallegos. Mitchell brings over 25 years of legal and regulatory experience, enhancing the company's executive team. Previously, Mitchell served as the company's Senior Vice President and Deputy General Counsel, leading regulatory strategy and legal operations. Before joining American Water in 2019, she held senior roles at SJI Utilities and South Jersey Gas, and practiced privately in litigation, regulatory, and environmental law. Mitchell holds degrees from Stockton College and Rutgers School of Law.

Missouri American Water has released its 2023 Water Quality Reports, which are now available on their website. These reports, also known as Consumer Confidence Reports, provide detailed information about local drinking water sources, laboratory testing results, and water quality levels. The company continues to meet or exceed standards set by the U.S. EPA and the Missouri Department of Natural Resources. Missouri American Water is investing over $500 million in 2024 to maintain and improve water services, including replacing over 90 miles of aging water pipes. Six of their treatment plants have been recognized with the Directors Award from the Partnership for Safe Water for 22 consecutive years.

Illinois American Water has appointed Brian Eisenloeffel as the new Vice President of Operations, effective May 27. In this role, Eisenloeffel will oversee Safety, Business Performance, Water Quality, Field Operations, Production, and Maintenance teams across Illinois. With over 20 years of leadership experience at Missouri American Water, Eisenloeffel has held positions including Operations Supervisor, Construction Manager, Senior Operations Manager, and Senior Director of Operations in St. Louis County. Rebella Losli, President of Illinois American Water, praised Eisenloeffel's leadership and focus on customer service, highlighting his commitment to maintaining and updating water and wastewater infrastructure. Eisenloeffel holds a civil engineering degree from the University of Texas-San Antonio and will work from the company’s Belleville office.

California American Water has released its 2023 Consumer Confidence Reports, showing high water quality across its districts in California. The reports compare their water quality to standards set by the U.S. Environmental Protection Agency and the California State Water Resources Control Board, Division of Drinking Water. These documents include information on water sources, public health, detected substances, and their levels. The reports also feature a modern design with illustrated sections and easy-to-understand explanations. President Kevin Tilden expressed satisfaction with the results and hopes customers find the reports informative. Customers can access these reports by zip code on the company's website.

Illinois American Water has announced a significant milestone, investing over $101 million in 2023 with minority, women, and veteran-owned suppliers. This spending represents more than 33% of the company's total procurement, surpassing their 30% target. The company’s annual report, submitted to the Illinois Commerce Commission, also notes an 8.4% increase in spending with Illinois-based diverse businesses, now at 69.6% of total procurement.

President Rebecca Losli emphasizes that these efforts mark the sixth consecutive year of growth in their supplier diversity initiative. Program Director Jennifer Morrison highlights the ongoing expansion of diversity efforts throughout Illinois. The company aims to further enhance these partnerships to support investment projects, infrastructure upgrades, and operational needs.

Pennsylvania American Water has released its 2023 Water Quality Reports, available on its website. These reports, also known as Consumer Confidence Reports, detail the sources of local drinking water, lab test results, substance levels, and tips for protecting water sources.

The reports validate that Pennsylvania American Water meets or exceeds EPA and Pennsylvania Department of Environmental Protection water quality standards. The company operates 33 water treatment plants recognized with Directors Awards from the EPA’s Partnership for Safe Water, with 27 plants maintaining high service levels for over 20 years. This highlights the company's commitment to providing safe, reliable drinking water.

The reports are accessible at pennsylvaniaamwater.com.

New Jersey American Water has awarded $950,000 through the Neighborhood Revitalization Tax Credit program to two local nonprofits: Camden Lutheran Housing and Stand Up for Salem. The funding supports 10 projects focusing on affordable housing, community outreach, historic preservation, and business development. Camden Lutheran Housing will receive $247,000 for North Camden initiatives including the restoration of the historic Benjamin Cooper House. Stand Up for Salem will get $702,500 for projects like career training and a business incubator. Since 2010, New Jersey American Water has provided $12 million in community grants, with $10.1 million for Camden. The company, serving parts of Camden for over 130 years, will soon handle Salem's water and sewer services, following a successful ballot referendum.

California American Water announced Spencer Vartanian's appointment as Director of Operations for its Central Coast Division in Monterey Peninsula. Vartanian brings over a decade of expertise in environmental and water management. His recent role as Senior Chemistry and Environmental Manager at Vistra Energy involved overseeing various water programs and ensuring regulatory compliance. Vartanian expressed enthusiasm for his new role, especially regarding the Monterey Peninsula Water Supply Project. His background includes positions at Lawrence Livermore National Laboratory and Gilton Solid Waste Management, emphasizing his commitment to environmental protection.