American Water Works Company, Inc - AWK STOCK NEWS

American Water Works Company announced the retirement of Nick Rowe, Senior VP and President of Kentucky American Water, effective July 31, 2022. He will transition into an advisory role from May to July. Kathryn Nash has been appointed as his successor, effective May 2, 2022. Nash comes with extensive experience in environmental services from Waste Management and the Tennessee Valley Authority. American Water emphasizes commitment to safety, customer service, and environmental governance as key aspects of its operations.

Pennsylvania American Water is enhancing its talent development with a three-pronged approach focusing on summer internships, scholarships, and career outreach. This initiative aims to attract diverse talent for the water industry. The company is offering 15 paid summer internships in STEM fields and three $5,000 scholarships for students in relevant programs. Additionally, ongoing career education efforts target underserved communities to promote opportunities within the industry. The approach reflects a commitment to ensuring quality service by developing the next generation of professionals.

Missouri American Water is offering qualifying customers up to $750 through the Low Income Household Water Assistance Program (LIHWAP) for water and wastewater services. Applications began on February 28, 2022. The company also encourages customers to utilize its H2O Help to Others program and various payment options to assist those in need. Missouri American Water serves approximately 1.5 million people and highlights the importance of the assistance for families facing financial challenges.

American Water (NYSE: AWK) has awarded over $186,000 to 53 community projects as part of its 2021 Environmental Grant Program, aimed at improving watersheds in 10 states. Since its inception in 2005, the program has provided more than $1.8 million to 605 projects. The company emphasizes its commitment to environmental stewardship alongside its mission to provide safe and reliable water services. Applications for the 2022 program are being accepted until March 31, 2022.

California American Water recognizes National Fix a Leak Week from March 14-22, aiming to raise awareness about water waste from leaks. The EPA reports that American households lose approximately 10,000 gallons of water annually due to leaks, contributing to over one trillion gallons nationwide. The company encourages customers to check for leaks and highlights potential savings of 10% on water bills by addressing them. In 2021, California American Water invested over $160 million in water infrastructure improvements.

Illinois American Water's experts will present at the ISAWWA WATERCON 2022 conference from March 21-24, 2022, in Springfield, Illinois. Key presentations include:

• Padma Paan discussing a Water Main Prioritization Model.
• Melissa Litteken and Charles Schaefer on Developing a Service Line Inventory.
• Megan Taylor and Brent O’Neill presenting on Corrosion Control Studies.

Additionally, Illinois American Water's Champaign County team competes in the “Best Tasting Water” competition.

New Jersey American Water disclosed a significant investment totaling over $432 million in system improvements for 2021. Key highlights include $161.5 million for pipe upgrades, $87.4 million for water treatment facilities, and $31.7 million for replacing service lines. The company replaced 548 fire hydrants and rehabilitated four water tanks, with total investments enhancing water quality, pressure, and service reliability. These upgrades aim to ensure safe and reliable water services to approximately 2.8 million residents across the state.