American Water Works Company, Inc - AWK STOCK NEWS

American Water Works Company, Inc. (NYSE: AWK) has announced plans to release its 2024 third quarter financial results, 2025 earnings guidance, and long-term financial targets after market close on October 30, 2024. The company will host a conference call and webcast for investors, analysts, and other interested parties on October 31, 2024, at 9 a.m. EDT.

Key executives, including CEO Susan Hardwick, President John Griffith, COO Cheryl Norton, and CFO David Bowler, will lead the call. The discussion will cover Q3 2024 results, 2025 guidance initiation, and long-term financial targets, followed by a Q&A session. Interested parties can access the audio webcast and presentation slides through the company's Investor Relations website at ir.amwater.com. A replay will be available for one year after the event.

Pennsylvania American Water has expanded its H2O Help to Others™ customer assistance program, effective August 7, 2024. Key changes include:

1. Increased income thresholds for grants and bill discounts
2. New fourth tier for bill discounts, covering incomes up to 200% of Federal Poverty Income Guidelines (FPIG)
3. Discounts now range from 30-90% off monthly bills
4. Grant eligibility increased to 250% of FPIG
5. New Arrearage Forgiveness Program launched

The expansion aims to help more customers in need, with an estimated 55,000 additional customers now eligible for discounted service. These changes coincide with new rates approved by the Pennsylvania Public Utility Commission, reflecting $1 billion in system investments.

Pennsylvania American Water is celebrating Source Water Protection Week (Sept. 29 to Oct. 5, 2024) to emphasize its commitment to providing safe, reliable drinking water. The utility company highlights the importance of protecting water sources as a important first step in water treatment. The campaign aims to raise awareness about water conservation and quality, encouraging the public to be mindful of their water use and take steps to protect water resources. Educational resources include a virtual plant tour and videos on new technologies and water storage. The company asks customers to repair leaks, use home treatment products responsibly, and dispose of chemicals properly. For more information, visit Pennsylvania American Water’s website.

Illinois American Water, the largest regulated water and wastewater utility company in Illinois, is participating in the American Water Works Association's (AWWA) Annual Source Water Protection Week from September 29 to October 5. Brian Eisenloeffel, Vice President of Operations, emphasizes the importance of protecting water sources to ensure safe, clean, and reliable drinking water.

The company's commitment to source water protection includes:

• Conducting thousands of tests at their state-of-the-art research laboratory in Belleville, Illinois
• Applying advanced technology and filtration processes
• Collaborating with the EPA and other agencies to meet or surpass water quality standards
• Implementing green technology to protect resources

Illinois American Water also encourages individuals to take actions such as planting native landscaping, limiting chemical use, creating rain gardens, and properly disposing of waste and hazardous materials to protect water sources.

American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced its participation in the 2024 Environmental Congress organized by the Association of New Jersey Environmental Commissions (ANJEC) on September 27th in Mount Laurel, New Jersey. New Jersey American Water, a state subsidiary, is sponsoring the event.

Lauren Weinrich, Principal Scientist at American Water, will contribute to a session titled 'Protecting Your Drinking Water Quality: New Rules and Solutions for PFAS'. The session will focus on the latest EPA regulations for PFAS and their impact on New Jersey's water quality.

ANJEC is a non-profit organization that supports environmental commissions, individuals, and agencies in preserving natural resources and promoting healthy communities throughout New Jersey.

Illinois American Water has announced the 2024 'Water Keeps Life Flowing' art contest aimed at raising awareness about the importance of high-quality water among students. The contest is open to 3rd, 4th, and 5th graders, who are encouraged to submit artwork reflecting what high-quality water service means to them. Entries are due by October 24, 2024. Up to ten winners will receive a $100 donation for their classrooms. The contest coincides with the U.S. Water Alliance's 'Imagine a Day Without Water' event on October 17. Winning artwork will be featured in future customer communications and on social media.

Illinois American Water is investing $3.4 million in infrastructure improvements at its Pontiac District water treatment plant. The project includes two main components:

1. High Service Pump Replacement: Four existing pumps will be replaced with three new, more efficient pumps. This $1.7 million project, started in 2024, is expected to be completed by early 2025.

2. Backwash Lagoon Improvements: An additional backwash storage lagoon will be constructed to enhance filter operations and maintenance efficiency. This $1.7 million project is in the design phase, with construction set to begin in late 2024 and completion anticipated in Q1 2025.

These upgrades aim to improve water quality, operational efficiency, and reliability of the Pontiac water supply system. Illinois American Water emphasizes its commitment to delivering high-quality drinking water that exceeds local requirements.

Illinois American Water has invested over $7.5 million in water treatment projects at its Streator plant. The upgrades include a new ultraviolet (UV) treatment system and enhanced plant filters. The $4.27 million UV system, operational since 2023, provides an additional disinfection step without using chemicals, effectively treating bacteria and microorganisms from the Vermilion River source.

This technology helps meet EPA guidelines and enhances protection against chlorine-resistant pathogens. Additionally, a $3.5 million project to improve two older water filters and construct a protective structure over sedimentation and flocculation basins is underway, expected to complete by end of 2024. These investments mark Illinois American Water's 25th year of operating the Streator water system, demonstrating their commitment to delivering high-quality, safe drinking water.

New Jersey American Water has replaced approximately 10,000 customer-owned lead and galvanized steel water service lines as part of its Lead Service Line Replacement program. This progress puts the company on track to meet New Jersey's 2021 law requiring all water providers to replace both utility-owned and customer-owned lead and galvanized service lines by 2031.

The company has launched an interactive webpage and map for customers to view and report their service line material. New initiatives include annual notifications to property owners with lead or galvanized service lines and distribution of pitcher filters after service line replacements, aligning with EPA regulations.

New Jersey American Water emphasizes that while their water quality meets standards, these efforts provide additional protection for customers' health.