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American Water Works Company, Inc. (AWK), founded in 1886, is the largest publicly traded U.S. water and wastewater utility company. Headquartered in Voorhees, N.J., American Water employs over 6,800 dedicated professionals, providing drinking water, wastewater, and related services to about 14 million people across more than 40 states and parts of Canada. The company's core business focuses on regulated markets, ensuring reliable water and wastewater services to residential, commercial, and industrial customers.
American Water's regulated business serves approximately 3.5 million customers in 16 states, maintaining a strong presence in the U.S. water utility sector. In addition to its regulated operations, American Water also manages a nonregulated business that provides water services to military bases under long-term contracts, offering consistent regulated-like returns.
American Water is recognized for its commitment to sustainability, investing in infrastructure to improve water quality and reliability. The company continuously engages in various projects to enhance its services and expand its reach. Recent achievements include significant upgrades to water treatment facilities and the implementation of advanced technologies to ensure efficient water management.
Financially, American Water maintains a robust position, consistently delivering value to its shareholders. Strategic partnerships and innovative initiatives contribute to the company's growth and stability. American Water's dedication to excellence in service and infrastructure development underscores its role as a leader in the water utility industry.
For more detailed information about American Water and the latest updates, visit www.amwater.com.
- Latest News: Source: New Jersey American Water
- Latest News: Source: West Virginia American Water
- Latest News: Source: California American Water
- Latest News: Source: Virginia American Water
- Latest News: Source: American Water Charitable Foundation
- Latest News: Source: American Water
- Latest News: Source: Pennsylvania American Water
American Water (NYSE: AWK), the leading publicly-traded U.S. water and wastewater utility, will hold a virtual Investor Day on February 25, 2021, at 9:00 a.m. EST. The event includes presentations by key executives on 2020 results, 2021 earnings guidance, long-term growth targets, and capital investment plans. A Q&A session will follow. Interested parties can access the webcast via the company’s investor relations website. An archived version will be available for one year post-event. American Water serves over 14 million customers in 46 states, ensuring safe and reliable water services.
Missouri American Water has completed a new $11 million clear well, capable of storing one million gallons of drinking water, alongside a high-service pump station to enhance water delivery efficiency. The original clear well, dating back to 1888, suffered from leaks and was due for replacement. These improvements will support system pressure, especially during peak summer usage, and aid local emergency services. This project involved a 15-month collaboration with Goodwin Brothers Construction and local firms, ensuring future water reliability for approximately 1.5 million customers.
Illinois American Water has launched its 2021 Environmental Grant Program, providing up to $10,000 for community-driven environmental projects. Over the past decade, the program has allocated more than $247,000 to 74 initiatives aimed at protecting water resources. Projects must take place in service areas and adhere to specific criteria, such as addressing watershed needs and demonstrating sustainability. In 2020, grants totaling over $25,000 were awarded to eight projects including watershed cleanups and educational initiatives. Applications are open until March 29, 2021.
American Water (NYSE: AWK) has been named on Corporate Knights' Global 100 list as one of the World’s Most Sustainable Corporations, ranking 9th overall and being the top water utility. This is the second consecutive year for this recognition. The list analyzed over 8,000 companies based on various sustainability metrics. Additionally, American Water was ranked 2nd in the Energy and Utilities sector in Newsweek’s Most Responsible Companies 2021. These accolades underline American Water's commitment to environmental, social, and governance (ESG) goals.
West Virginia American Water has appointed Michael Raymo as the new Director of Engineering, succeeding Brett Morgan, who retired after nearly 35 years. Raymo, a West Point graduate and Army veteran, previously worked within American Water’s Military Services Group, focusing on capital management and operations. He will oversee engineering projects, including water main replacements and upgrades to treatment plants, ensuring reliable service for approximately 565,000 customers. Raymo emphasized commitment to infrastructure enhancement and the company’s foundational values of inclusion, safety, and customer relations.
New Jersey American Water announced a significant investment of over $464 million in system upgrades for 2020, an increase of $80 million over its initial plan due to COVID-19 impacts. The investment included $174 million for main replacements, improvements to treatment facilities totaling $93.5 million, and significant upgrades to fire hydrants and service lines. The initiative aims to enhance water service reliability and boost local employment. This proactive approach is aligned with the company's commitment to maintaining safe and efficient water delivery.
New Jersey American Water has received a Leading Infrastructure Project Award from the New Jersey Alliance for Action for its innovative use of Strong Base Anion Exchange (AIX) technology to remove PFAS from the Springfield Well Field. This initiative, praised for its rapid implementation ahead of state regulations, reflects the company's commitment to public health. The award ceremony will take place virtually on February 17, 2021. Additionally, the company was previously honored with the Governor’s Environmental Excellence Award for a similar project at its Short Hills station.
Pennsylvania American Water has launched an online platform allowing customers to report water outages and emergencies without needing to call. This initiative aims to enhance customer service, providing convenience and quick notification options through the MyWater portal. Since its introduction in mid-December, nearly 150 emergencies have been reported via this online feature. The company plans to further enhance the platform's functionality in the future, reinforcing its commitment to delivering reliable water services to approximately 2.4 million customers in Pennsylvania.
Pennsylvania American Water will hold a virtual information session on January 14, 2021, to discuss its customer assistance programs, including the H2O Help to Others program, which provides financial aid up to $500 for eligible customers. The session aims to assist those facing financial hardships due to COVID-19, encouraging early application for aid before potential shutoffs. The company suspended shutoffs until April 2021 and emphasizes the importance of customers taking proactive steps to manage their bills.
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