American Water Works Company, Inc - AWK STOCK NEWS

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.

Illinois American Water has invested $6 million to install Ultraviolet (UV) disinfection technology at its Granite City water treatment plant. This upgrade enhances water safety by effectively treating up to 15 million gallons daily, targeting chlorine-resistant pathogens. The initiative complies with stricter EPA water quality regulations, reinforcing the company's commitment to delivering superior water quality. Brent O’Neill, Director of Engineering, emphasizes the importance of advanced technology in ensuring customer safety and trust in their drinking water.

American Water (NYSE: AWK) has raised $204,000 for Water For People, contributing to their mission of improving water access in developing nations. Over the past decade, American Water and its employees have donated over $2.8 million to the nonprofit. This year's campaign included creative fundraising activities, enhancing employee engagement. Additionally, two officials from American Water received the Kenneth J. Miller Founders' Award for their exemplary volunteer service. The company's efforts reflect its commitment to corporate responsibility and community support.

Pennsylvania American Water has released its annual water quality reports, now available online with a new design for ease of access. These Consumer Confidence Reports detail water sources, testing results, and compliance with U.S. Environmental Protection Agency standards, demonstrating the company’s commitment to high-quality drinking water. With over 33 Directors Awards from the Partnership for Safe Water, PA American Water emphasizes rigorous testing practices. Customers can search reports by zip code or request hard copies, reflecting the company's dedication to transparency and customer engagement.

Pennsylvania American Water has appointed Diane Holder and Jim Runzer as Vice Presidents of Operations for its Western and Central/Eastern divisions, respectively, succeeding Andrew Clarkson who retires after 34 years. Holder joins from Duquesne Light and has significant utility experience, while Runzer has spent 27 years with American Water, rising through the ranks. Both will oversee the company's water and wastewater systems, reporting to President Mike Doran.