American Water Works Company, Inc - AWK STOCK NEWS

New Jersey American Water has awarded $950,000 through the Neighborhood Revitalization Tax Credit program to two local nonprofits: Camden Lutheran Housing and Stand Up for Salem. The funding supports 10 projects focusing on affordable housing, community outreach, historic preservation, and business development. Camden Lutheran Housing will receive $247,000 for North Camden initiatives including the restoration of the historic Benjamin Cooper House. Stand Up for Salem will get $702,500 for projects like career training and a business incubator. Since 2010, New Jersey American Water has provided $12 million in community grants, with $10.1 million for Camden. The company, serving parts of Camden for over 130 years, will soon handle Salem's water and sewer services, following a successful ballot referendum.

California American Water announced Spencer Vartanian's appointment as Director of Operations for its Central Coast Division in Monterey Peninsula. Vartanian brings over a decade of expertise in environmental and water management. His recent role as Senior Chemistry and Environmental Manager at Vistra Energy involved overseeing various water programs and ensuring regulatory compliance. Vartanian expressed enthusiasm for his new role, especially regarding the Monterey Peninsula Water Supply Project. His background includes positions at Lawrence Livermore National Laboratory and Gilton Solid Waste Management, emphasizing his commitment to environmental protection.

Pennsylvania American Water announced a $28.3 million investment plan to rehabilitate 10 water storage tanks and construct 4 new tanks in 2024. The company's tank infrastructure program aims to extend tank service lives, protect water quality, and enhance water distribution system efficiency. The investment ensures adequate capacity, pressure, and fire protection for residential and commercial customers. Tank rehabilitation includes inspecting, sandblasting, and repainting, which is more cost-efficient than tank replacement. Crews will apply new coatings to prevent rust and maintain water quality. The construction of new tanks will further boost water storage capacity to meet customer demand and provide reliable service.

California American Water proudly recognizes the American Water Charitable Foundation's 2024 Water and Environment grantees, totaling $170,775. The foundation awarded grants to five nonprofit organizations across California to support water and environment initiatives. The grants aim to have a lasting impact on the environment and communities served by California American Water.

Illinois American Water's 2023 Water Quality Reports are now available online, demonstrating the company's commitment to meeting or exceeding water quality standards. The reports detail local drinking water sources, laboratory testing results, substance levels, and water source protection tips. Regulatory agencies set standards, and the company's employees work diligently to provide clean, safe, and reliable water service.

The California Desalination Association (CalDesal) appointed Lacy Carothers, Director of Engineering for California American Water, to its Executive Committee. Carothers will contribute her expertise to advocate for desalination as a solution to California's water challenges. She leads the engineering efforts for California American Water's Monterey Peninsula Water Supply Project, including a desalination plant set to begin construction in October 2025.

Illinois American Water celebrates Drinking Water Week and the 50th anniversary of the Safe Drinking Water Act. The company joins in recognizing the importance of safe drinking water and the efforts of water professionals in ensuring its quality. The anniversary of the SDWA highlights the significant contributions to water quality over the past 50 years. American Water emphasizes the need for ongoing investment and evaluation to address emerging challenges.

New Jersey American Water has been ranked #1 in customer satisfaction among large water utilities in the Northeast region by J.D. Power. The company also excelled in seven out of eight dimensions measured, including trust, information provided, and cost. The study highlights the importance of customer communication in boosting satisfaction levels nationwide.

California American Water is celebrating Drinking Water Week along with the 50th anniversary of the Safe Drinking Water Act. The company highlights the importance of safe drinking water and recognizes the efforts of water professionals. The Safe Drinking Water Act set water quality standards in 1974 to safeguard public health. California American Water emphasizes the need for continued investment to address emerging challenges.