American Wtr Wks Co Inc - AWK STOCK NEWS

The Monterey Peninsula Water Supply Project has received approval to move forward for a vote at the California Coastal Commission's upcoming meeting in November 2022. This project aims to create and expand water supply sources to alleviate regional demand on groundwater and the Carmel River. Local leaders stress the importance of the project in ensuring sustainable water resources, supporting the local economy, and addressing the pressing challenges posed by California's drought and seawater intrusion.

Missouri American Water, a subsidiary of American Water (NYSE: AWK), recognizes its employees for their commitment to delivering safe water and wastewater services. Serving about 1.5 million Missourians, the company is investing $430 million in 2022 for system upgrades, including pipe replacements and treatment plant improvements. President Rich Svindland emphasized the skilled team working to enhance water quality and community health. This acknowledgment coincides with Governor Mike Parson’s recognition of water professionals' essential role in daily life.

American Water (NYSE: AWK) announced the successful raising of $180,000 for Water For People, a nonprofit focused on improving water and sanitation in developing nations. The American Water Charitable Foundation contributed $50,000, with additional funds raised by employee initiatives. Over the past decade, the company has donated more than $3 million to support this cause. Two employees also received the Kenneth J. Miller Founders' Award for their outstanding volunteer efforts.

California American Water has submitted a coastal development permit application for the Monterey Peninsula Water Supply Project, aimed at increasing water supply through desalination and groundwater replenishment. This project, supported by the California Coastal Commission, seeks to address over 25 years of water shortages in the Monterey Peninsula. It plans to create over 1,700 jobs and provide reliable water for housing and businesses. The initiative focuses on environmental protection while ensuring community resilience against drought.

California American Water and Golden State Water Company invited California Public Utility Commissioners on a tour in Sacramento to discuss the benefits of consolidating small water systems. The tour highlighted improvements in water treatment and infrastructure for smaller communities, emphasizing how larger utilities can enhance service reliability. The Robbins water system, recently acquired by Golden State Water, was showcased as an example of returning to compliance with health standards. Further tours for additional commissioners are planned.

American Water and Golden State Water hosted a tour for California Public Utilities Commissioners in the Sacramento Valley, showcasing small water system consolidation benefits. The event highlighted advancements in water quality, safety, and infrastructure improvements for underserved communities. With a focus on the Robbins and Dunnigan water systems, officials discussed key upgrades, including Chromium 6 treatment and compliance with health standards. The companies plan further tours to demonstrate their commitment to enhancing water services across California.