American Wtr Wks Co Inc - AWK STOCK NEWS

California American Water (NYSE: AWK) has responded to the Public Advocates Office's (PAO) motion seeking a rehearing on Decision 22-12-001 regarding the Pure Water Monterey Expansion (PWMe) project. Their response supports the PAO's request for changes that would address two main issues: securing funding for new extraction wells and correcting legal errors in infrastructure funding. The company stresses that it will proceed with the PWMe agreement if the PAO's amendments are adopted. Notably, the original commission decision could negatively affect the company's operations and customers.

Missouri American Water is currently accepting applications for its 2023 Hydration Station Grant Program, aimed at enhancing access to safe hydration in public spaces. Last year, 20 schools, cities, and nonprofits received funding for drinking fountains and bottle filling stations. The initiative not only promotes environmental stewardship by reducing plastic waste but also aims to assist underserved communities. Applications will be accepted until April 30, 2023. Interested parties can apply online provided they are customers of Missouri American Water.

California American Water, in partnership with the American Water Charitable Foundation, has awarded a $25,000 grant to the Monterey County Fire Training Officer’s Association for a Pump Pod training tool. This tool aims to enhance firefighter training while significantly reducing water usage. In its initial training days, the tool has already saved 25,000 gallons of water. This initiative aligns with California American Water's conservation goals and demonstrates the company's commitment to community support.

American Water (NYSE: AWK) has announced that Cheryl Norton, Executive Vice President and Chief Operating Officer, will receive the prestigious Corporate Neighbor Award at the 2023 RIPPAC Gala. With over 35 years in the utility industry, Norton is recognized for her leadership and commitment to providing outstanding service to customers. The gala will take place on March 10, 2023, at the Westin Hotel in Mt. Laurel, N.J. American Water, established in 1886, operates as the largest publicly traded water and wastewater utility in the U.S., serving approximately 14 million people across 24 states.

New Jersey American Water is set to begin its annual water main flushing program next week, continuing through fall 2023. This initiative aims to maintain high-quality water service by removing sediment and mineral deposits from pipes. Flushing will be conducted in designated areas, with potential short-term effects such as low water pressure or discolored water. Customers are encouraged to prepare accordingly. This program aligns with the Water Quality Accountability Act and supports ongoing investments in infrastructure.

New Jersey American Water serves approximately 2.8 million residents, ensuring reliable water and wastewater services.

Rebecca Losli, President of Illinois American Water, was honored as Engineer of the Year by the Missouri Society of Professional Engineers (MSPE) at a banquet on February 23, 2023. Losli has been with American Water since 2021, initially serving as Director of Engineering for Missouri American Water and later becoming Vice President of Engineering and Business Development. She became President of Illinois American Water in October 2022. Illinois American Water is the largest investor-owned water utility in Illinois, serving around 1.3 million customers. American Water is recognized for its commitment to quality and customer satisfaction.

American Water Works Company (NYSE: AWK) has announced the pricing of an upsized registered offering of 11 million shares of common stock at $135.50 per share. Underwriters, including BofA Securities, Wells Fargo Securities, and RBC Capital Markets, have a 30-day option to purchase an additional 1.65 million shares at the same price. The offering is set to close on March 3, 2023, as part of an effective shelf registration statement filed with the SEC. Proceeds from the offering will be used as outlined in the company’s strategic financial plans.