Welcome to our dedicated page for American Water Works Company news (Ticker: AWK), a resource for investors and traders seeking the latest updates and insights on American Water Works Company stock.
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
New Jersey American Water is set to change its water treatment process from chloramines to free chlorine as part of an annual maintenance program. This temporary change will affect customers across several counties, including Essex, Hunterdon, and Mercer, from January 12, 2021, until the end of April 2021. Customers may notice a chlorine taste and smell in their water during this period, which is a normal occurrence. The company emphasizes its commitment to maintaining high water quality and compliance with drinking water standards throughout the process.
American Water (NYSE: AWK) has announced the recipients of its 2020 Environmental Grant Program, committing $141,121 to support 42 community projects across 10 states aimed at improving and protecting local watersheds. Since its inception in 2005, the program has funded over $1.7 million for 552 environmental initiatives. Chief Environmental Officer Cheryl Norton emphasized the company's dedication to clean water and environmental stewardship, underlining the importance of community engagement in sustainable development practices.
Pennsylvania American Water and Royersford Borough are set to discuss the proposed acquisition of the Royersford Borough wastewater system assets. Currently, the system serves around 1,600 customers in Montgomery County. The Borough officials approved the sale in December 2019, with proceeds aimed at supporting local economic needs. A public input hearing is scheduled for January 7, 2021, at 6 p.m. via a conference call. Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), serves approximately 2.4 million people in Pennsylvania.
California American Water is expanding its Customer Assistance Program to include approximately 6,000 new residential customers in Sacramento, Madera, and Ventura, providing 20-30% discounts for eligible individuals earning 200% or less of the Federal Poverty Level. This initiative follows the economic challenges posed by the COVID-19 pandemic. The discounts became effective on December 1, with application forms mailed to customers. California American Water emphasizes that essential water services should be affordable for all, particularly during these difficult times.
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