American Water Works Company, Inc - AWK STOCK NEWS

Illinois American Water has successfully diverted over 96,000 dry tons of residuals and biosolids from landfills by applying them to agricultural fields in Illinois over the past four years. This initiative supports environmental sustainability and reduces farm-related chemical use. The company, a subsidiary of American Water (NYSE: AWK), operates under strict guidelines to ensure the safety and effectiveness of the application process. Ryan Schuler, the Water Quality & Environmental Compliance Manager, emphasizes the importance of reusing resources to protect water quality.

American Water is participating in the first annual Source Water Protection Week from September 26 to October 1, focusing on protecting drinking water sources. The initiative aims to educate the public on water safety and conservation strategies. Key activities include nearly 1 million annual tests for water quality, exploring over 600 technologies, and collaboration with the EPA. The company encourages community involvement in water conservation practices like fixing leaks and proper disposal of harmful substances.

California American Water has successfully acquired the East Pasadena Water Company, a family-owned business serving approximately 3,000 homes and businesses for over 85 years. The acquisition received the necessary approval from the California Public Utilities Commission and was finalized today. This expansion aims to enhance service delivery in Los Angeles County, providing former East Pasadena customers access to new services such as conservation programs and the MyWater portal for bill payments and service announcements.

American Water Works Company (NYSE: AWK) announced the departure of Edward Vallejo, Vice President of Investor Relations, effective September 17, 2021, as he transitions to another company. Accolades for American Water include ranking first in the utilities sector by Institutional Investor for ESG, Strategy Communication, and Analyst Day. Aaron Musgrave will replace Vallejo as Senior Director of Investor Relations starting September 20, 2021. Musgrave brings extensive experience from Vectren Corporation and holds an MBA from Butler University.

California American Water held a virtual awards ceremony recognizing diverse businesses, significantly exceeding the California Public Utilities Commission goal of 21.5% by spending nearly $42 million (40% of total) with minority and diverse suppliers in 2020. The event showcased awards for various achievements, including the Partnering Forward to Success Program, which saw over $5 million spent with diverse subcontractors. The company aims to cultivate inclusivity within the utility industry while enhancing local economies.

New Jersey American Water successfully managed flood impacts from Tropical Depression Ida, ensuring drinking water quality remained unaffected across all service areas. The company implemented effective flood protection plans, notably at its Raritan-Millstone Water Treatment Plant, which underwent a $37 million upgrade in 2018. This facility, critical for approximately 1 million residents, demonstrated resilience by maintaining operations despite severe flooding. The Raritan River peaked at a historic 44.87 feet, yet the plant's enhanced flood defenses effectively mitigated potential disruptions.