American Water Works Company, Inc - AWK STOCK NEWS

American Water Works Company (NYSE: AWK) plans to release its 2021 second quarter financial results after market close on August 2, 2021. CEO Walter Lynch and CFO Susan Hardwick will lead a conference call on August 3, 2021, at 9 a.m. EDT for investors and analysts, featuring a Q&A session. Interested parties can access the call's audio via the Investor Relations webpage. An audio archive will be available until August 10, 2021. American Water serves 15 million customers across 46 states, providing essential water and wastewater services.

Illinois American Water is introducing tips for customers to reduce water usage and avoid high bills during summer. With increased outdoor activities, the company aims to help consumers conserve water while alleviating pressure on local supplies. Recommendations include reusing water from rain barrels, using buckets for washing, watering at cooler times, and planting drought-resistant varieties. The company also encourages monitoring water usage through their MyWater platform and highlights assistance programs for bill payments.

Missouri American Water has announced four major projects aimed at upgrading 10,500 feet of water main in Jefferson City, with a total investment of $2.4 million. These upgrades will replace aging pipes and enhance water service reliability for current and future customers. The projects include:

• Industrial Drive (Phase I): 2,300 feet of 12-inch PVC.
• Industrial Drive (Phase II): 4,200 feet of 12-inch main.
• Green Berry Road: 2,000 feet of 8-inch main.
• Jackson Street & Stadium Blvd: 1,800 feet of new main to support the new stadium.

Work is expected to be completed by late fall.

Missouri American Water plans to invest $1.3 million to enhance water service reliability for Mexico customers by upgrading 5,800 feet of water mains starting in July. Four projects will replace and upsize existing cast iron pipes. Key upgrades include:

• E. Holt-MLK-Lafayette: 1,700 feet of 8-inch main
• NS Rail Road: 1,700 feet of 12-inch main
• N. Jeffries St-Baker St-Cleveland St: 1,800 feet of 8-inch main
• S. Olive Street: 525 feet of 8-inch main

The Iowa Utilities Board approved a rate adjustment for Iowa American Water, authorizing an increase in annual base revenue by $2.3 million. This decision follows a 10-month review and comes after the company invested nearly $87 million in water system upgrades, aiming to enhance infrastructure and service reliability for approximately 213,000 customers. While the company had originally requested a $3.9 million increase, this adjustment allows for continued improvements in water quality and service, addressing national needs for infrastructure investment.

West Virginia American Water has filed an application with the Public Service Commission seeking approval for its 2022 infrastructure replacement program. This plan involves an investment of approximately $32.5 million aimed at improving the reliability of the water system. If approved, the Distribution System Improvement Charge (DSIC) will decrease from 6.60% to 1.87%, resulting in a monthly reduction of approximately $2.34 for the average residential customer. The program details include upgrades to water mains, hydrants, and meters.

Pennsylvania American Water seeks to acquire Valley Township's water and wastewater systems, serving 1,700 and 3,100 customers, respectively. This acquisition, initiated in December 2019, will alleviate financial burdens from system upgrades for the Township. The Public Utility Commission will hold a public hearing on July 20, 2021, for community input. Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), provides reliable services to approximately 2.4 million residents in the state.