American Water Works Company, Inc - AWK STOCK NEWS

American Water Works Company (NYSE: AWK) has announced that it will release its 2021 third quarter financial results on November 2, 2021. The earnings call and webcast for investors will take place on November 3, 2021, at 9 a.m. EDT. President Walter Lynch and CFO Susan Hardwick will lead the call, which will include a Q&A session. An audio archive of the call will be available until November 10, 2021. The company recognizes its website as a vital communication channel for public investors.

A new study by Opinium for American Water reveals that Americans underestimate their daily water usage by 90%, believing it to be under 100 gallons, while the actual average is over 2,000 gallons. The study highlights the substantial water footprint of common items, with misconceptions about the water needed to produce clothing and food. Key findings include the 4,688 gallons required for a holiday turkey and 2,600 gallons for a pair of jeans. The survey aims to raise awareness about water consumption ahead of the 'Imagine a Day Without Water' event on October 21.

A recent study by Opinium for American Water reveals that Americans grossly underestimate their daily water usage, believing they consume less than 100 gallons, while the actual average exceeds 2,000 gallons. The survey, conducted ahead of the 'Imagine a Day Without Water' event on October 21, highlights significant awareness gaps regarding water consumption in daily products. For instance, a pair of jeans requires about 2,600 gallons to produce, while a smartphone consumes over 3,400 gallons. Despite the unawareness, 90% of Americans express willingness to adopt water conservation habits.

New Jersey American Water announces its H2O Help to Others Program™ during Utility Assistance Week (October 18-22), aimed at aiding customers facing financial hardships in paying their water or wastewater bills. The program offers grants up to $500 and potential discounts on service charges. The company emphasizes outreach efforts as the utility shut-off grace period ends on December 31, 2021. New Jersey SHARES will assist in providing information through various channels, including a virtual session on November 22.

American Water Works Company (NYSE: AWK) has appointed Rich Svindland as president of Missouri American Water, succeeding the retiring Deborah Dewey. Kevin Tilden will take over as president of California and Hawaii American Water, replacing Svindland. These changes are effective October 14, 2021. Both Svindland and Tilden have extensive experience in water utility management and demonstrate a commitment to the company's core values. American Water continues to lead the U.S. water utility sector with a diverse team serving over 15 million customers nationwide.

California American Water emphasizes its commitment to safety amid concerns about thieves impersonating utility workers. President Rich Svindland highlighted the company's rigorous safety culture, ensuring that all field personnel are identifiable by uniforms, vehicles, and photo identification. Customers are advised to verify the identity of any worker making unscheduled visits and to never allow entry without proper ID. The company's field personnel never accept payments at customer locations. Residents are encouraged to call customer service for verification.

West Virginia American Water has successfully acquired the water distribution system of Cedar Grove, which previously served about 395 customers. This acquisition, necessitated by Cedar Grove's inability to maintain its infrastructure, is expected to enhance service reliability through improved operations and necessary investments. Following the acquisition, Cedar Grove residents will transition to West Virginia American Water's service, with average bills set at $43.46 for 3,000 gallons. Rates will gradually align with standard rates set by the Public Service Commission of West Virginia.

Pennsylvania American Water has awarded $50,000 in grants to 100 fire and rescue organizations during Fire Prevention Week. This initiative, part of its annual Firefighting Support Grant Program, has contributed over $780,000 to fire departments since its inception in 2009. The grants support local fire departments in purchasing essential equipment and training materials, emphasizing the collaboration between water systems and fire services. Pennsylvania American Water serves approximately 2.4 million people and is a subsidiary of American Water, the largest investor-owned water utility in the U.S.