American Water Works Company, Inc - AWK STOCK NEWS

New Jersey American Water has announced that its operations are maintaining water quality despite the flooding caused by Tropical Depression Ida. The firm has invested $37 million in flood protection for its Raritan-Millstone Water Treatment Plant. Licensed operators are on-site to ensure continuous operations. Due to disruptions in chemical deliveries, the treatment process will temporarily switch from chloramine to free chlorine, a common maintenance procedure. This change may alter the taste of the water but will not compromise safety standards.

Pennsylvania American Water is preparing for the operational impacts of Tropical Depression Ida, which threatens heavy rainfall and flooding. The utility has implemented readiness measures for its water and wastewater systems, ensuring safety and reliability in service. Vice President Jim Runzer emphasized emergency response planning as crucial for maintaining safe drinking water. Preparations include testing and fueling generators, securing additional chemicals, and staging sandbags. Customers are advised to create emergency plans and stay informed about flood risks.

American Water (NYSE: AWK) participated in a meeting led by President Biden alongside education and private sector leaders to enhance national cybersecurity efforts. President Biden stressed the importance of collective action, recognizing the water sector's role in addressing cyber threats. CEO Walter Lynch highlighted the company's commitment to safety and cybersecurity, supporting partnerships with the Cyber and Infrastructure Security Agency and the Environmental Protection Agency. American Water is actively involved in the NIST Cybersecurity Framework and leads initiatives in the water sector for sharing threat information.

Missouri American Water's Branson Operation has earned the prestigious Steel Tank of the Year Award in the Standpipe Category for its newly completed 500,000-gallon storage tank, enhancing water supply reliability. Collaborating with Olsson Engineering, the project also included the construction of a new well and was finalized in December 2020. The company invested over $265 million in 2020 to enhance water and wastewater systems across Missouri, serving approximately 1.5 million people as the largest investor-owned utility in the state.

Hawaii American Water has filed a request for new rates for its Hawaii Kai wastewater customers, the first since 2011. The proposed rates aim to generate $2.1 million in revenue for vital infrastructure improvements. If approved, average rates would rise from $67.08 to $81.27 for single-family customers and from $57.08 to $69.16 for multi-family customers. The Hawaii Public Utilities Commission will review the proposal, which includes a public hearing, with potential rates taking effect around July 15, 2022.

Illinois American Water has successfully acquired the Village of Livingston's water and wastewater systems for $550,000, adding around 375 water and 352 wastewater customers to its service area. The Illinois Commerce Commission approved the sale, which aims to enhance service and investments in infrastructure. Illinois American Water plans to invest approximately $3.3 million over the next five years for upgrades, including new fire hydrants, outdoor water meters, and a water tank. This acquisition is expected to strengthen the company's footprint in Madison County.

Missouri American Water, part of American Water (NYSE:AWK), serves approximately 1.5 million residents in Missouri. The company was recognized by Governor Mike Parson for its commitment to delivering safe, reliable water and wastewater services. In 2020, over $265 million was invested in system upgrades. Missouri American Water exceeds regulatory standards, with all eligible treatment plants participating in the Partnership for Safe Water initiative. The company operates in around 200 communities, emphasizing the vital role of water professionals in public health and safety.