American Water Works Company, Inc - AWK STOCK NEWS

California American Water has activated its customer protection program for Ventura County District residents affected by the Mountain Fire. The program offers significant relief measures for customers in the Las Posas Estates water system who experienced mandatory evacuations, property damage, or displacement.

Key protections include suspension of disconnections and late payment fees through March 2025, adjusted payment options for up to one year, and bill adjustments for extraordinary water use. For customers whose homes were damaged or rendered uninhabitable, the company will waive water bills, reconnection fees, and facility fees. They will also offer reduced bills for periods when houses are unlivable.

American Water (NYSE: AWK) has announced the results of its annual AmerICANs in Action! Month of Service. During September, more than 900 employees participated in 84 community volunteer projects, contributing over 3,000 hours of service across the company's national footprint.

The initiative encourages employees, family members, retirees, and business partners to lead volunteer projects in their local communities. Projects included school supply drives in California, community clean-ups in Missouri and New Jersey, blood drives in Illinois, and support for food banks and animal shelters in Tennessee and Pennsylvania. Teams in Indiana and West Virginia collaborated with local United Way chapters.

California American Water and the American Water Charitable Foundation announced a $20,000 commitment to The Greater Sacramento Urban League (GSUL) as part of a larger Foundation Corporate Strategic grant. This funding is part of a combined $260,000 support for workforce development initiatives for the National Urban League and Affiliate Movement.

GSUL's Greater Sacramento Works Job Center serves over 3,000 clients annually, providing career counseling, job placement, professional development workshops, and practical resources. Their initiatives include Job Talk, a monthly workshop connecting job seekers with employers, and occupational training programs focused on high-growth industries.

This grant is part of the Foundation's 2024 Keep Communities Flowing Grant Program, which focuses on Water, People and Communities pillars.

American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has been named to Forbes' inaugural Most Trusted Companies in America 2025 list. The company was selected among the top 300 out of 2,000 eligible U.S.-based public companies with over 1,000 employees.

The rankings were based on four key measurements: Employee Trust (Glassdoor ratings), Customer Trust (HundredX survey ratings), Investor Trust (stock performance and growth metrics), and Media Sentiment (SignalAI coverage analysis). The recognition follows American Water's other recent Forbes accolades, including ranking first in the utilities category for America's Best Large Employers 2024 and placing eleventh on America's Best Employers for Diversity 2024.

Illinois American Water received approval from the Illinois Commerce Commission for new water and wastewater base rates, effective January 1, 2025. The change is driven by $557 million in capital investments planned for 2024-2025, including $421 million for water infrastructure and $136 million for wastewater systems.

The approved increase will result in a $110.6 million annualized revenue increase. Projects include replacing 44 miles of aging pipelines, upgrading treatment plants, and improving storage tanks, wells, pumping stations, and fire hydrants. Typical residential customers will see monthly increases of approximately $16 for water service and $8.50 for wastewater service. The company is also expanding its income-based discount tariff for eligible customers.

California American Water received approval from the California Public Utilities Commission (CPUC) for a partial settlement in its General Rate Case. The decision grants incremental annualized revenues of $20.9 million for 2024, and $15.9 million each for 2025 and 2026. The CPUC authorized $390 million in new infrastructure investments for system upgrades.

While the CPUC approved a sales adjustment mechanism, it did not include decoupling mechanisms. The settlement includes improvements to the Customer Assistance Program, increasing discounts from 20% to 25% for qualified customers in Northern and Southern California, and from 30% to 35% in Central California.

American Water Works Company (NYSE: AWK) has declared a quarterly cash dividend of $0.7650 per share of common stock. The dividend will be payable on March 4, 2025, to shareholders of record as of February 7, 2025. This quarterly dividend continues the increased annualized dividend announced on May 1, 2024.

The company offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct, allowing shareholders to reinvest dividends and purchase additional shares without brokerage commissions or service charges. Shareholders can obtain plan information through Equiniti Trust Company or American Water's Investor Relations department.

American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has been included in Newsweek's America's Most Responsible Companies 2025 list for the fifth consecutive year. This recognition highlights the company's dedication to Environmental, Social, and Governance (ESG) leadership.

The ranking methodology involved two key metrics: KPI Research examining over 30 key performance indicators among the top 2,000 U.S. public companies by revenue, and a Public Survey of 26,000 U.S. residents evaluating corporate social responsibility across social, environmental, and governance dimensions. The recognition was presented by Newsweek in collaboration with Statista Inc., a leading statistics portal and industry ranking provider.

American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., has released essential guidelines for preventing frozen pipes and managing cold weather plumbing issues. The company emphasizes the importance of knowing how to locate and test the main water shut-off valve, checking sprinkler systems, and protecting pipes in vulnerable areas.

Key preventive measures include insulating exposed pipes, fixing drafty windows, maintaining water flow during freezing temperatures, and proper pipe thawing procedures. The company advises customers to check emergency alerts on their state homepage before submitting urgent service reports, and to use MyWater or emergency.amwater.com for reporting other issues.