STOCK TITAN

Voters in Stewartsville Overwhelmingly Choose Missouri American Water to Provide Water and Wastewater Service

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On Tuesday, 90% of Stewartsville voters approved Missouri American Water as their water and wastewater provider. This decision will integrate 714 new customers into its service, enhancing infrastructure and regulatory compliance. Missouri American Water is dedicated to improving service reliability and maintaining low long-term costs, with a history of providing safe, reliable water services to around 1.5 million Missourians. The move awaits approval from the Missouri Public Service Commission.

Positive
  • 90% voter approval in Stewartsville facilitates expansion of Missouri American Water's customer base by 714.
  • Commitment to make system investments to improve water quality and compliance.
  • Long-term lower rates for residents expected due to the company's operational efficiencies.
Negative
  • None.

ST. JOSEPH, Mo.--(BUSINESS WIRE)-- On Tuesday, 90% of voters in the community of Stewartsville approved a ballot measure allowing Missouri American Water to become their trusted provider of water and wastewater service.

“We look forward to welcoming residents of Stewartsville into the Missouri American Water family, joining the approximately 1.5 million Missourians that receive clean, safe, reliable and affordable water or wastewater service provided by our professional team of experts,” said Rich Svindland, president of Missouri American Water.

Missouri American Water has committed to making water and wastewater system investments in Stewartsville to improve water quality and maintain regulatory compliance.

“Our residents have overwhelmingly voted to have Missouri American Water as our future water and wastewater provider. They can make the necessary investments and continue to provide quality, reliable service at rates that will be lower over the long-term,” said Stewartsville Mayor Mark Francis.

“Communities are reaching out to us more and more as meeting current and future regulations for water and especially wastewater becomes increasingly challenging,” said Jody Carlson, senior operations manager. “Our company has been tackling water issues for 140 years, and I’m proud that we can help communities like Stewartsville maintain regulatory compliance and improve service reliability.”

If approved by the Missouri Public Service Commission, a total of 714 customers (357 water and 357 wastewater) would be added to Missouri American Water’s footprint.

About Missouri American Water

Missouri American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 1.5 million people. For more, visit missouriamwater.com and follow American Water on Twitter, Facebook and LinkedIn.

American Water

With a history dating to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to more than 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.

Christie Barnhart

External Affairs Manager

C – 417-529-9781

Christie.barnhart@amwater.com

Source: Missouri American Water

FAQ

What was the outcome of the Stewartsville ballot measure regarding Missouri American Water?

90% of voters approved Missouri American Water as their water and wastewater service provider.

How many new customers will Missouri American Water serve in Stewartsville?

Missouri American Water will add 714 new customers in Stewartsville.

What investments will Missouri American Water make in Stewartsville?

Missouri American Water has committed to system investments to improve water quality and regulatory compliance.

How many people does Missouri American Water currently serve?

Missouri American Water serves approximately 1.5 million people.

What is the expected impact on water rates for Stewartsville residents?

Residents can expect lower long-term water rates with Missouri American Water as their provider.

American Water Works Company, Inc

NYSE:AWK

AWK Rankings

AWK Latest News

AWK Stock Data

26.44B
194.89M
0.12%
94.44%
1.91%
Utilities - Regulated Water
Water Supply
Link
United States of America
CAMDEN