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Voters in the City of DeKalb Choose Missouri American Water to Provide Water Service
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Missouri American Water (ticker: MAW) to Acquire DeKalb Water System, Pending Approval - Residents in DeKalb voted to approve the sale of their water system to Missouri American Water, with nearly 98% in favor. The acquisition, pending review by the Missouri Public Service Commission, will add approximately 100 customers to MAW's existing 500,000 customer base. The acquisition is expected to result in lower water rates for DeKalb residents and increased investment in the water system.
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ST. JOSEPH, Mo.--(BUSINESS WIRE)--
On Tuesday, residents in the City of DeKalb voted for Missouri American Water to become their trusted water provider. Nearly 98% of voters in DeKalb voted to approve the system sale, according to unofficial election results.
“We are pleased with the election results and, pending Missouri Public Commission review and approval, look forward to welcoming the customers of DeKalb in joining the one in four Missourians who currently receive water or wastewater service from Missouri American Water,” said Rich Svindland, president. “It is rewarding to collaborate with communities facing challenges in terms of investment needed. We’re proud our company and dedicated employees can provide the solutions needed to maintain reliable water service.”
DeKalb is currently served by Buchanan Public Water Supply District #1, which purchases water from Missouri American Water.
“In voting for Prop S, our residents will see significantly lower water rates and a commitment to invest in the system to maintain reliable water service,” said DeKalb Mayor Travis Higdon.
Missouri American Water plans to submit an application for review and approval of the acquisition to the Missouri Public Service Commission (MoPSC) within the next six months. If the MoPSC approves the acquisition, approximately 100 water customers will be added to the 500,000 customers currently served by Missouri American Water throughout the state.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.
About Missouri American Water
Missouri American Water, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.6 million people.
Media:
Christine Page
Director, Government and External Affairs
Cell: (314) 640-5967
christine.page@amwater.com
Source: Missouri American Water
FAQ
What did the residents of DeKalb vote for?
The residents of DeKalb voted to approve the sale of their water system to Missouri American Water.
How many customers will be added to Missouri American Water's customer base?
Approximately 100 customers will be added to Missouri American Water's existing 500,000 customer base.
What is the next step for Missouri American Water?
Missouri American Water plans to submit an application for review and approval of the acquisition to the Missouri Public Service Commission within the next six months.
What are the expected benefits for DeKalb residents?
DeKalb residents will see significantly lower water rates and a commitment to invest in the system to maintain reliable water service.
