American Water Works Company, Inc - AWK STOCK NEWS

Missouri American Water has replaced over 32,500 feet of aging water mains in Webster Groves and South St. Louis County as part of a $16.7 million investment to enhance water service reliability and fire protection. This initiative, aimed at addressing pipes that are 60-100 years old, is expected to significantly reduce the risk of main breaks, ensuring reliable service for approximately 1.5 million customers. Notable projects include main replacements along Sappington Barracks Rd., Ringer Rd., and other key locations.

West Virginia American Water has successfully completed its acquisition of the Page-Kincaid Public Service District’s water distribution system. This transition allows the company to fully integrate the system into its New River operations, enhancing water service reliability for approximately 650 residents. Since December 2020, residents have received quality water, and the company has invested over $7 million to improve the infrastructure. Effective immediately, the average monthly water bill for residents will be $52.36, with options for discounted rates for qualified customers.

California American Water has filed an application with the California Public Utilities Commission to approve an agreement to purchase additional advanced treated recycled water from the Pure Water Monterey Project. This expansion aims to enhance the water supply for the Monterey Peninsula, with potential production capacity increasing to 5,750 acre-feet per year. The company is also requesting $81.1 million for necessary construction costs, including pipelines and pump stations. This initiative will help reduce reliance on the Carmel River and support sustainable water management in the region.

California American Water is collaborating with state legislators to support local non-profits through its 31st annual Operation Gobble program. This initiative adapts to pandemic conditions by providing direct donations instead of distributing turkeys to underprivileged families. The program is active in areas with over 680,000 customers, aiming to ensure families have access to Thanksgiving meals while adhering to safety protocols. Millions of Californians continuously face food insecurity, making such contributions vital during these challenging times.

Pennsylvania American Water has acquired the water and wastewater system assets of Valley Township in Chester County for $21.275 million. This acquisition serves nearly 1,700 water customers and approximately 2,900 wastewater customers. The company plans to invest $5.8 million in system improvements through 2025, aiming to enhance infrastructure and meet environmental regulations. The Pennsylvania Public Utility Commission has approved the purchase, and Valley Township will transition to monthly billing for its customers.

The California Public Utilities Commission (CPUC) approved California American Water's General Rate Case on November 18, 2021, allowing additional annual revenues of $17.9 million for 2021, $7.7 million for 2022, and $7.7 million for 2023. Additionally, $165 million is authorized for infrastructure improvements, enhancing water service quality and reliability. This decision is retroactive to January 1, 2021, and will enable the implementation of new rates in early 2022, ensuring continued customer assistance and service improvements.

Illinois American Water's Peoria Water Treatment Plant received the prestigious Directors Award from the American Water Works Association’s Partnership for Safe Water program for maintaining a Phase III certification for 20 years. This recognition signifies the plant's commitment to high-quality water service, meeting stringent drinking water guidelines beyond those set by the Illinois EPA. The district is among only nine Illinois utilities participating in this initiative, emphasizing its dedication to safe and reliable water service for approximately 1.3 million people.