American Water Works Company, Inc - AWK STOCK NEWS

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.

Illinois American Water has launched its 2021 Firefighter Grant Program, offering financial assistance to fire and emergency organizations in its service areas. The program, running since 2010, has awarded over $668,000 across 680 grants. Eligible departments can receive grants of up to $1,000 for essential firefighting tools, training materials, and equipment. Applications are due by September 7, 2021, and must include detailed project descriptions and budgets. As the largest investor-owned water utility in Illinois, American Water serves approximately 1.3 million people.

Indiana American Water has acquired the River’s Edge water and wastewater systems in southeast Indiana for $420,000. This acquisition adds approximately 100 water and 80 wastewater customers, serving nearly 300 residents. The company aims to stabilize rates for customers through access to professional management and enhanced service options. This transaction is the third wastewater system purchase in three years, supporting Indiana American Water's strategy to expand its operations across the state, serving over 1.32 million residents overall.

Missouri American Water is set to replace 1,700 feet of outdated water main in St. Joseph, starting next week. This six-week project aims to enhance water pressure and service reliability for 1.5 million customers while providing better fire protection. The upgrades will occur along Blackwell Road and Cronkite Road, involving traffic detours. The project reflects the company's commitment to improving infrastructure and minimizing service interruptions. Operations manager Jody Carlson emphasized the importance of investing in repairs to maintain quality service.