American Wtr Wks Co Inc - AWK STOCK NEWS

Iowa American Water, a subsidiary of American Water (NYSE: AWK), has acquired the City of Blue Grass wastewater system for $2 million, following approval from the Iowa Utilities Board on July 12, 2022. This marks Iowa American Water's first sewer system operation in Iowa, adding approximately 750 wastewater customers to its Iowa Quad Cities service area. The company plans to invest $4 million to upgrade the system and improve compliance with permit requirements. Existing sewer rates will remain unchanged for customers.

Illinois American Water is urging participation in the DEA's National Prescription Drug Take Back Day on Saturday, Oct. 29, 2022, from 10 a.m. to 2 p.m.. Customers can drop off unwanted medications at approved sites for safe incineration, discouraging harmful disposal methods like flushing. In April 2022, Illinois collected over 23,000 pounds of prescription drugs. Director Rachel Bretz emphasizes the importance of safe disposal to protect water sources. Permanent disposal programs are available for those unable to attend. For more information, visit the DEA's official site.

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.

American Water Works (NYSE: AWK) plans to release its Q3 2022 financial results and 2023 earnings guidance on October 31, 2022, after market close. A conference call with executives, including CEO Susan Hardwick, will occur on November 1, 2022, at 9 a.m. EDT, focusing on Q3 results and long-term targets. Interested parties can access the call via the Investor Relations website. American Water, established in 1886, is the largest publicly traded water utility in the U.S., serving approximately 14 million people across 24 states.

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), announced an agreement to purchase the Butler Area Sewer Authority's wastewater system for $231.5 million. This system serves nearly 15,000 customers across 32.5 square miles, including the City of Butler and surrounding areas. The deal includes job offers to all BASA employees and a one-year rate freeze for customers. Pennsylvania American Water plans to invest over $75 million in system upgrades, ensuring improved services and infrastructure enhancements. The transaction aims to close by the end of 2023.

Illinois American Water has announced over $96,000 in grants through its 2022 Firefighter Grant Program, benefiting over 90 fire departments in Illinois. This initiative has awarded over $856,000 since its inception in 2010, supporting vital equipment and training for local emergency organizations. President Justin Ladner emphasized the importance of these resources for community safety. The announcement coincides with National Fire Prevention Week (Oct. 9-15, 2022), aimed at raising awareness about fire prevention.

Pennsylvania American Water announced the allocation of $71,000 in grants to 142 fire and rescue organizations across the Commonwealth, aligning with Fire Prevention Week. The initiative, part of its annual Firefighting Support Grant Program, reflects a continued commitment to enhancing local fire departments' capabilities. Since its inception in 2009, the program has contributed over $850,000 to support fire services in Pennsylvania, enabling purchases of vital firefighting equipment and training materials.