STOCK TITAN

Essential Utilities Celebrates the 50th Anniversary of the Safe Drinking Water Act, Reinforces Commitment to Water Quality

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

Essential Utilities (NYSE: WTRG) commemorates the 50th anniversary of the Safe Drinking Water Act by reinforcing its commitment to water quality protection. Through its water utility, Aqua, the company is focusing on two major initiatives: combating PFAS contamination and replacing lead service lines.

The company has announced significant capital investments, including $765 million in improvements for 2024 and over $800 million planned for 2025. These investments specifically allocate $89 million for PFAS mitigation and $44 million for lead service line investigation and replacement.

Essential Utilities is implementing these measures ahead of federal mandates, demonstrating its proactive approach to water quality management and infrastructure modernization across its eight-state operational footprint.

Essential Utilities (NYSE: WTRG) celebra il 50° anniversario del Safe Drinking Water Act ribadendo il suo impegno nella protezione della qualità dell'acqua. Tramite la sua utility idrica, Aqua, l'azienda si sta concentrando su due iniziative principali: combattere la contaminazione da PFAS e sostituire le tubature in piombo.

L'azienda ha annunciato significativi investimenti capitali, tra cui 765 milioni di dollari per miglioramenti nel 2024 e oltre 800 milioni pianificati per il 2025. Questi investimenti destinano specificamente 89 milioni di dollari per la mitigazione dei PFAS e 44 milioni di dollari per l'indagine e la sostituzione delle linee di servizio in piombo.

Essential Utilities sta attuando queste misure in anticipo rispetto ai mandati federali, dimostrando così il suo approccio proattivo nella gestione della qualità dell'acqua e nella modernizzazione delle infrastrutture nella sua operatività che abbraccia otto stati.

Essential Utilities (NYSE: WTRG) conmemora el 50 aniversario de la Ley de Agua Potable Segura reafirmando su compromiso con la protección de la calidad del agua. A través de su empresa de servicios de agua, Aqua, la compañía está enfocándose en dos iniciativas importantes: combatir la contaminación por PFAS y reemplazar las líneas de servicio de plomo.

La compañía ha anunciado inversiones de capital significativas, incluyendo 765 millones de dólares en mejoras para 2024 y más de 800 millones planeados para 2025. Estas inversiones asignan específicamente 89 millones de dólares para la mitigación de PFAS y 44 millones de dólares para la investigación y reemplazo de las líneas de servicio de plomo.

Essential Utilities está implementando estas medidas anticipándose a los mandatos federales, demostrando su enfoque proactivo en la gestión de la calidad del agua y la modernización de infraestructuras en su área de operación de ocho estados.

Essential Utilities (NYSE: WTRG)는 안전한 음용수법(Safe Drinking Water Act) 제정 50주년을 기념하며 수질 보호에 대한 헌신을 다시 한번 확립합니다. 수자원 서비스 회사인 Aqua를 통해, 회사는 두 가지 주요 이니셔티브에 집중하고 있습니다: PFAS 오염 퇴치와 납 서비스 라인 교체입니다.

회사는 상당한 자본 투자를 발표했으며, 2024년 개선을 위해 7억 6천 5백만 달러, 2025년을 위해 8억 달러 이상을 계획하고 있습니다. 이 투자 중 PFAS 완화를 위한 8천 9백만 달러납 서비스 라인 조사 및 교체를 위한 4천 4백만 달러가 특별히 할당되었습니다.

Essential Utilities는 연방 규제보다 앞서 이러한 조치를 시행하고 있으며, 이는 수질 관리 및 인프라 현대화에 대한 선제적 접근을 보여줍니다. 이 회사는 8개 주에 걸친 운영 지역에서 이러한 노력을 기울이고 있습니다.

Essential Utilities (NYSE: WTRG) célèbre le 50ème anniversaire de la loi sur l'eau potable sûre en réaffirmant son engagement envers la protection de la qualité de l'eau. À travers son entreprise de services d'eau, Aqua, la société se concentre sur deux initiatives principales : lutter contre la contamination par les PFAS et remplacer les conduites de service en plomb.

La société a annoncé des investissements en capital significatifs, y compris 765 millions de dollars pour des améliorations en 2024 et plus de 800 millions de dollars prévus pour 2025. Ces investissements allouent spécifiquement 89 millions de dollars pour l'atténuation des PFAS et 44 millions de dollars pour l'enquête et le remplacement des conduites de service en plomb.

Essential Utilities met en œuvre ces mesures en avance par rapport aux mandats fédéraux, démontrant ainsi son approche proactive de la gestion de la qualité de l'eau et de la modernisation des infrastructures à travers son empreinte opérationnelle de huit États.

Essential Utilities (NYSE: WTRG) feiert den 50. Jahrestag des Safe Drinking Water Act und bekräftigt sein Engagement zum Schutz der Wasserqualität. Durch sein Wasserversorgungsunternehmen Aqua konzentriert sich das Unternehmen auf zwei zentrale Initiativen: den Kampf gegen PFAS-Kontamination und den Austausch von Bleileitungen.

Das Unternehmen hat erhebliche Investitionen in Kapital angekündigt, darunter 765 Millionen Dollar für Verbesserungen im Jahr 2024 und über 800 Millionen Dollar, die für 2025 geplant sind. Diese Investitionen sehen speziell 89 Millionen Dollar für die Minderung von PFAS und 44 Millionen Dollar für die Untersuchung und den Austausch von Bleileitungen vor.

Essential Utilities setzt diese Maßnahmen vor den gesetzlichen Vorgaben um und zeigt damit seinen proaktiven Ansatz beim Management der Wasserqualität und der Modernisierung der Infrastruktur in seinem operativen Gebiet, das sich über acht Bundesstaaten erstreckt.

Positive
  • None.
Negative
  • None.

Company Highlights Ongoing Efforts to Combat PFAS and Replace Lead Service Lines

BRYN MAWR, Pa.--(BUSINESS WIRE)-- Essential Utilities Inc. (NYSE: WTRG) proudly celebrates the 50th anniversary of the Safe Drinking Water Act, a landmark legislation safeguarding public health. To commemorate this milestone, Essential—through its water utility, Aqua—is reinforcing its efforts to protect water quality.

“The Safe Drinking Water Act has been the cornerstone of safe drinking water protection for the past five decades,” said Christopher Franklin, chairman and CEO of Essential Utilities. “At Essential, we lead by action — tackling PFAS contamination and replacing lead service lines ahead of federal mandates and investing in infrastructure modernization. It’s through these efforts that we continue to protect public health, exceed regulatory standards, and ensure safe, reliable water for the communities we serve today and for generations to come.”

Combating PFAS and Lead Service Lines

Aqua is actively addressing PFAS contamination by investing significantly in advanced treatment technologies and conducting rigorous monitoring. Additionally, the company is accelerating the identification and replacement of lead service lines across its eight-state footprint, prioritizing public health and safety.

As part of its commitment to water system resilience and sustainability, Aqua is investing $765 million in capital improvements in 2024, with plans to invest more than $800 million in 2025. Most of this investment will fund aging water main replacement to ensure compliance with new and increasingly stringent water quality regulations, including $89 million in PFAS mitigation and $44 million in lead service line investigation and replacement.

“The 50th anniversary of the Safe Drinking Water Act is a moment to celebrate the progress we’ve made and reaffirm our commitment to delivering safe, reliable water to the communities we serve,” said Colleen Arnold, president of Aqua. “Our customers are at the heart of everything we do. Every day, our team works diligently to ensure our water systems not only meet but exceed state and federal standards, protect public health, and adapt to future challenges. We’re proud to continue upholding the principles of the Safe Drinking Water Act for the benefit of our customers and their families.”

Visit AquaWater.com to learn more about Essential's commitment to water quality.

About Essential Utilities

Essential Utilities, Inc. (NYSE: WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sustainable growth, operational excellence, a superior customer experience, and premier employer status. We are advocates for the communities we serve and are dedicated stewards of natural lands, protecting more than 7,600 acres of forests and other habitats throughout our footprint.

Operating as the Aqua and Peoples brands, Essential serves approximately 5.5 million people across nine states. Essential is one of the most significant publicly traded water, wastewater service and natural gas providers in the U.S. Learn more at www.essential.co.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The Company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent its views only as of today and should not be relied upon as representing its views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to statements relating to the capital to be invested by the water, wastewater, and gas distribution divisions of the Company. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the factors discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which is filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with The Company’s business, please refer to the Company’s annual, quarterly and other SEC filings. The Company is not under any obligation - and expressly disclaims any such obligation - to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

WTRGG

Media:

Patrick Wenger

Aqua Communications Manager

Media Hotline: 1.877.325.3477

Media@Essential.co

Investor Contact

Brian Dingerdissen

Vice President, IR and Treasurer

O: 610.645.1191

BJDingerdissen@Essential.co

Source: Essential Utilities Inc.

FAQ

How much is Essential Utilities (WTRG) investing in water infrastructure improvements in 2024-2025?

Essential Utilities is investing $765 million in capital improvements in 2024 and plans to invest more than $800 million in 2025.

What specific investments is WTRG making in PFAS mitigation and lead service line replacement?

WTRG is investing $89 million in PFAS mitigation and $44 million in lead service line investigation and replacement.

How is Essential Utilities (WTRG) addressing PFAS contamination in water systems?

Essential Utilities is addressing PFAS contamination through significant investments in advanced treatment technologies and conducting rigorous monitoring.

What steps is WTRG taking to comply with the Safe Drinking Water Act?

WTRG is taking proactive steps including PFAS contamination treatment, lead service line replacement, and infrastructure modernization to exceed regulatory standards and ensure safe drinking water.

How many states does Essential Utilities' Aqua division operate in?

Essential Utilities' Aqua division operates across an eight-state footprint.

Essential Utilities, Inc.

NYSE:WTRG

WTRG Rankings

WTRG Latest News

WTRG Stock Data

10.00B
274.03M
0.19%
81.79%
1.52%
Utilities - Regulated Water
Water Supply
Link
United States of America
BRYN MAWR