American Water Works Company, Inc - AWK STOCK NEWS

Illinois American Water is investing over $2.7 million to enhance the Pontiac area's water system, which includes rehabilitating six filters at the water treatment plant and replacing approximately 3,300 feet of water main. The filter upgrades, started in 2019, will ensure high-quality water service by 2021. The water main replacement, commencing mid-summer and expected to finish in the fall, will improve water flow and pressure, enhancing service reliability. Illinois American Water allocates $70-$125 million annually for infrastructure improvements across the state.

Pennsylvania American Water announced funding for 12 watershed-related projects through its 2021 Environmental Grant Program, totaling over $45,000. Selected from 50 applications, these projects aim to enhance, restore, or protect local watersheds. The funding supports various initiatives, including community cleanups, educational programs, and water quality monitoring. Since the program's inception in 2005, the company has contributed over $575,000 to more than 100 projects, emphasizing its commitment to environmental sustainability.

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), has signed an agreement to purchase Foster Township's West End wastewater collection system for $3.75 million. This system, serving around 600 customers, will enhance Pennsylvania American Water's service offerings in Luzerne County. The company plans to invest approximately $1.28 million in system upgrades, aimed at improving reliability and security. The acquisition awaits approval from the Pennsylvania Public Utility Commission and is expected to conclude by the end of 2021.

Pennsylvania American Water announced plans for 2021 to invest approximately $17 million in rehabilitating 11 water storage tanks and constructing 7 new tanks. This initiative aims to extend the service life of existing tanks through inspection, sandblasting, and repainting, ensuring optimal water quality and supply reliability for customers. Over the past five years, the company has invested over $40 million in similar improvements, emphasizing its commitment to customer service and efficient maintenance operations.

American Water (NYSE: AWK) announced that its subsidiaries, New Jersey American Water and Illinois American Water, ranked #1 in customer satisfaction in their regions according to the J.D. Power 2021 study. New Jersey American Water excelled in the Northeast Large segment, while Illinois American Water led in the Midwest Large segment.

Both subsidiaries received top scores for pricing, customer service, and communications. The company continues to enhance its customer experience with a new mobile-friendly website and the MyWater portal for easier account management.

California American Water has released its 2020 Consumer Confidence Reports, indicating high-quality water service across its California districts. The reports comply with U.S. EPA and California State Water Resources Control Board standards, detailing drinking water sources, public health information, and detected substances. The new design emphasizes user-friendly illustrations and explanations. Rich Svindland, President of California American Water, highlighted the reports' affirmation of excellent water quality meeting and exceeding regulatory benchmarks. Customers can access their reports online by zip code.

Pennsylvania American Water unveils its 2021 infrastructure upgrade map to highlight essential investments in water and wastewater systems. Collaborating with United for Infrastructure, the initiative aims to emphasize the economic recovery role of infrastructure investment. The company plans to invest $380 million statewide, generating approximately 5,700 jobs. The interactive map allows users to access project details, including the length of pipes and investment amounts. 52% of customer bills are reinvested in system improvements, which customers may not readily see.