American Water Works Company, Inc - AWK STOCK NEWS

Illinois American Water has appointed Angie Bell as the new Director of Rates and Regulatory, succeeding Rich Kerckhove, who retires after over 14 years. Bell brings over a decade of experience from CenterPoint Energy, where she held a similar role. In her position, she will oversee rate reviews and compliance filings, reporting directly to President Justin Ladner. Illinois American Water is the largest investor-owned water utility in Illinois, serving approximately 1.3 million customers and part of American Water, which operates across 46 states.

American Water (NYSE: AWK), the largest publicly traded water and wastewater utility in the U.S., announced the launch of fully remote customer service job opportunities specifically for Camden, N.J. residents. This initiative reflects the company's ongoing commitment to Camden's revitalization and community support. Notably, American Water has contributed nearly $1 million to local organizations over the past year. The Camden-based roles will strengthen the company's national customer service operations, enhancing service delivery across its regulated areas.

American Water (NYSE: AWK) announced the recipients of the 30^th Annual James V. LaFrankie Scholarship Awards, granting $1,000 scholarships to seven college-bound children of full-time employees. Chosen from 44 applicants, scholarship winners demonstrated strong academic performance and extracurricular involvement. The program, established in 1991, honors former president James LaFrankie, emphasizing education in water-related fields. This year, due to COVID-19, recipients can defer scholarships if their college plans are affected. American Water serves 15 million people across 46 states.

American Water Works Company (AWK) announced the retirement of Chief Growth Officer William Varley, effective immediately, due to health reasons. CEO Walter Lynch expressed gratitude for Varley's contributions, particularly in enhancing the company's growth strategy. American Water is focused on expanding its regulated businesses, currently serving over 86,000 customers across eight states, with a significant acquisition planned in York, Pennsylvania, expected to add over 45,000 customer connections. The firm has raised its earnings growth forecast for 2021-2025 to 1.5%-2.5%, emphasizing a solid growth trajectory.

Pennsylvania American Water has awarded $1,000 scholarships to 10 students from across Pennsylvania through its Stream of Learning program. This initiative supports students pursuing studies critical to the water and wastewater industry. Scholarship recipients were evaluated based on academic achievement, community service, career aspirations, and recommendations. Over the past 12 years, the company has awarded 120 scholarships to foster future leaders in environmental stewardship, serving approximately 2.4 million people in Pennsylvania.

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), has finalized its acquisition of the wastewater system assets of Royersford Borough for $13 million. This system serves nearly 1,600 customers in Royersford and Upper Providence Township. The Pennsylvania Public Utility Commission approved the acquisition, which includes a commitment to invest $1.6 million in system improvements over five years. The acquisition allows for better service efficiency and long-term investments, while existing rates will be adopted, changing billing from quarterly to monthly.

Missouri American Water has announced the promotion of Jeffrey T. Kaiser to Vice President of Operations. Kaiser will oversee the strategic management of the company’s water and wastewater systems across Missouri. With over 30 years of engineering experience, he aims to enhance customer service and system reliability while ensuring clean and safe drinking water. Kaiser, who joined the company in 2008, previously served as Director of Engineering for various American Water subsidiaries. Missouri American Water serves approximately 1.5 million people in the state.