American Water Works Company, Inc - AWK STOCK NEWS

Pennsylvania American Water has completed its largest wastewater system acquisition by purchasing York's wastewater system for $235.3 million. This acquisition serves over 45,000 customer connections and includes a commitment to invest $17.5 million in improvements over five years. As part of the deal, 23 employees will join Pennsylvania American Water, enhancing local operations. The purchase aims to elevate service quality and meet environmental standards while allowing the City of York to address its financial challenges and improve infrastructure.

American Water (NYSE: AWK) announced that Hannah Greenwald, a doctoral student at UC Berkeley, has been awarded the 2022 American Water Scholarship. This $5,000 annual award is designed for graduate students pursuing careers in the water industry. Greenwald was selected from 166 applicants for her academic excellence and commitment to water research. Her studies focus on microbial safety in drinking water and wastewater-based epidemiology, aimed at improving water infrastructure and public health.

Illinois American Water is investing over $1 million to replace approximately 4,800 feet of water main in Lincoln, Illinois. This initiative aims to enhance the safety and reliability of water service for residents and businesses. Construction will start in June, impacting areas like Decatur Street and Kickapoo Street. Additionally, progress continues on the new South Water Treatment Plant, with completion expected in early 2023, reinforcing quality service for the community.

California American Water has announced a two-days-per-week outdoor watering schedule for Los Angeles County residents due to severe drought conditions. This decision follows a Water Shortage Emergency declaration, requiring immediate water usage reductions. Starting June 1, 2022, outdoor watering will be limited, with odd addresses watering on Tuesday and Saturday and even addresses on Thursday and Sunday. The utility emphasizes the importance of conservation efforts, with recommendations to minimize evaporation by watering at specific times. California American Water aims to educate customers on sustainable water usage practices.

California American Water has announced a one-day-a-week outdoor watering restriction for Ventura County customers, effective June 1, 2022, due to severe drought conditions. Specific guidelines apply to Thousand Oaks, Newbury Park, and Camarillo, while El Rio customers may water twice a week. These measures align with the Metropolitan Water District's Water Shortage Emergency declaration. The company emphasizes the need for immediate water conservation and education to mitigate the impact of the ongoing drought.

Pennsylvania American Water has donated $10,000 to the Pennsylvania Envirothon, an environmental education program for high school students. This donation aligns with their Career Stream program, which promotes interest in water and wastewater careers through scholarships and outreach. The Envirothon event facilitates critical thinking about natural resources. With a history since 1886, Pennsylvania American Water serves approximately 2.4 million residents, providing reliable water and wastewater services as a subsidiary of American Water (NYSE: AWK).

California American Water has released its 2021 Consumer Confidence Reports, confirming that its water quality exceeds both state and federal standards. The reports detail drinking water sources, detected substances, and public health information. Kevin Tilden, President of California American Water, expressed satisfaction with the results, stating they aim to educate customers about their water quality. The reports feature a user-friendly design with illustrations for clarity. Customers can access their specific water quality reports by zip code on the company’s website.

Illinois American Water is investing over $3 million to replace more than 11,000 feet of water main in the Pekin water system, enhancing service reliability and fire protection. This project, initiated in mid-April, aligns with the American Society of Civil Engineers report advocating for increased infrastructure investments. Kyle Smith, Sr. Superintendent, emphasized the ongoing commitment to upgrade aging infrastructure. Customers affected by the work will receive notifications about the impacts and updates during the construction phase.