American Water Works

California American Water Completes $4.1 Million Ventura District Water System Upgrades

Retrieved on: 
Monday, November 6, 2023
Energy, Environment, Public Safety, Public Policy, Government, Utilities, Water, Element, Weather, American Water, Life, Wildwood Park, Chlorine, City, American Water Works, Harmony Trail, Public, Safety, Investment, Communication, Southern Division, Heating, ventilation, and air conditioning, Road

California American Water is committed to providing customers with high-quality, reliable service.

Key Points: 
  • California American Water is committed to providing customers with high-quality, reliable service.
  • California American Water recently invested in improving its pumps, piping and electrical equipment in the White Stallion Community in unincorporated Ventura County and within Wildwood Park in the City of Thousand Oaks.
  • “The White Stallion and Wildwood projects are part of California American Water’s multimillion-dollar initiative to renew water infrastructure that has reached the end of its useful life,” said Jessica Taylor, Director of Operations, Southern Division, California American Water.
  • Both booster upgrade projects reflect an important investment in public health and safety, as well as the economic health of the communities California American Water serves.

Silver Creek Water Utility Members Approve Sale of Member-Owned Water Utility to Indiana American Water

Retrieved on: 
Friday, November 3, 2023
Energy, Natural Resources, Utilities, Other Natural Resources, Indiana Utility Regulatory Commission, Water, Sale, Acquisition, American Water Works, American Water, Amusement park

Indiana American Water today announced that members of the Silver Creek Water Corporation have voted for Indiana American Water to become the trusted provider of water service to the area in southern Indiana.

Key Points: 
  • Indiana American Water today announced that members of the Silver Creek Water Corporation have voted for Indiana American Water to become the trusted provider of water service to the area in southern Indiana.
  • “We look forward to welcoming Silver Creek residents into the Indiana American Water family, joining the approximately 1.4 million customers that receive clean, safe, reliable and affordable water service provided by our dedicated and experienced team,” said Indiana American Water President Matt Prine.
  • “Indiana American Water already provides high-quality water to our system, and we’re confident that they will continue to provide excellent service to our current and future customers,” said Silver Creek Water Corporation Board President Doug Chumbler.
  • If approved by the Indiana Utility Regulatory Commission, approximately 8,000 water customers would be added to Indiana American Water’s service footprint.

California American Water Completes $2.2M San Diego District Water System Upgrades

Retrieved on: 
Thursday, November 2, 2023
Utilities, Energy, PVC, Water, American Water Works, Environment, Public, Corrosion, Ageing, Investment, Southern Division, American Water, Life, Public utility

California American Water is committed to providing customers with high-quality, reliable service.

Key Points: 
  • California American Water is committed to providing customers with high-quality, reliable service.
  • California American Water recently completed the Grove Avenue Water Main Replacement Project in South San Diego, replacing 2,400 linear feet of aging 8-inch steel water main with new PVC main, installing new service pipes for 22 customers, upgrading five fire hydrants, and replacing 19 gate valves.
  • “The Grove Water Main Replacement Project is part of California American Water’s multimillion-dollar initiative to renew water infrastructure that has reached the end of its useful life,” said Jessica Taylor, Director of Operations, Southern Division, California American Water.
  • California American Water recognizes that access to clean water is essential for businesses to thrive and communities to flourish.

American Water Reports Strong Third Quarter 2023 Results; Affirms 2023 Guidance; Announces 2024 EPS Guidance and Capital Investment Plans; Affirms Long-Term Growth Targets

Retrieved on: 
Wednesday, November 1, 2023
Energy, Natural Resources, Utilities, Other Natural Resources, Security (finance), Weather, American Water Works, NYSE, Tax, American Water, GAAP, O&M, Acquisition, Maintenance, Bank statement, Growth, Interest, FD, PFAS, Regulation Fair Disclosure, Regulation, Depreciation, Investment, Cryptocurrency, Bank

The company affirms its 2023 earnings per share guidance range of $4.72 to $4.82, on a weather-normalized basis.

Key Points: 
  • The company affirms its 2023 earnings per share guidance range of $4.72 to $4.82, on a weather-normalized basis.
  • All statements related to earnings and earnings per share refer to diluted earnings and earnings per share.
  • Depreciation expense was higher by $13 million and $42 million in the same periods, respectively, due to the growing capital investment.
  • The conference call to discuss third quarter 2023 earnings, 2024 earnings guidance, and long-term targets will take place on Thursday, November 2, 2023, at 9 a.m. Eastern Daylight Time.

Virginia American Water Files Rate Request Driven by $110 Million in Investment

Retrieved on: 
Wednesday, November 1, 2023
Public Policy, Government, Energy, State, Local, Utilities, Water, Wastewater, Safe Drinking Water Act, Ageing, American Water, American Water Works, Face, State Corporation Commission (Virginia), Flood, Organization, Acquisition, SCC, EPA, Drinking water, File, Customer service, Town, Investment, Water quality, Drought, Health insurance

Virginia American Water filed a general rate application today with the State Corporation Commission (SCC) requesting recovery of $110 million in capital investments between May 2023 and April 2025, to continue providing safe and reliable service.

Key Points: 
  • Virginia American Water filed a general rate application today with the State Corporation Commission (SCC) requesting recovery of $110 million in capital investments between May 2023 and April 2025, to continue providing safe and reliable service.
  • Once rates are fully consolidated, all of Virginia American Water’s residential water customers will have the same base rates.
  • Consolidated rates allow costs associated with infrastructure investment to be allocated statewide among Virginia American Water’s growing customer base helping to stabilize future rates and maintain affordability.
  • Final rates are subject to the SCC’s final decision, which includes a thorough public review of Virginia American Water’s rate application.

American Water Declares Quarterly Dividend

Retrieved on: 
Tuesday, October 31, 2023
Energy, Professional Services, Utilities, Finance, Transfer, Plan, Water, Person, American Water Works, NYSE, EQ, American Water, Holding company, Security (finance)

American Water Works Company, Inc. (NYSE: AWK) announced today that its board of directors declared a quarterly cash dividend payment of $0.7075 per share of common stock, payable on December 1, 2023, to all shareholders of record as of November 14, 2023.

Key Points: 
  • American Water Works Company, Inc. (NYSE: AWK) announced today that its board of directors declared a quarterly cash dividend payment of $0.7075 per share of common stock, payable on December 1, 2023, to all shareholders of record as of November 14, 2023.
  • This quarterly dividend is a continuation of the increase in the annualized dividend approved by the Board and announced in April 2023.
  • American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct (the “Plan”), which enables shareholders to reinvest cash dividends and purchase additional shares of American Water common stock without any brokerage commissions or service charges.
  • This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

Indiana American Water Acquires Sunset Village Water System in Southeast Indiana

Retrieved on: 
Tuesday, October 31, 2023
Energy, Natural Resources, Utilities, Other Natural Resources, Indiana Utility Regulatory Commission, Water, Sale, Investment, Water quality, Acquisition, American Water Works, American Water, Amusement park

Indiana American Water President Matt Prine today announced the company’s acquisition of the Sunset Village water system in southeast Indiana.

Key Points: 
  • Indiana American Water President Matt Prine today announced the company’s acquisition of the Sunset Village water system in southeast Indiana.
  • The purchase of the system, serving a small community along the Ohio River known as Bushman’s Lake, adds approximately 100 water customers to the company’s customer base, which represents a population of approximately 270 residents.
  • “Indiana American Water already provides water service to several nearby communities, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana.”
    The acquisition of the Sunset Village water system for $150,000 was approved by the Indiana Utility Regulatory Commission on August 2, 2023 and closed by Indiana American Water and Tina Beckort, the previous owner, on October 31, 2023.
  • According to Beckort, “Sunset Village customers will benefit from Indiana American Water’s experience and expertise and the company’s large customer base across the state will provide much greater economies of scale and future rate stability by keeping water rates lower than they would have been as a small, stand-alone system.

USEPA Names Cal Water 2023 WaterSense® Excellence Award Winner

Retrieved on: 
Thursday, October 12, 2023
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SAN JOSE, Calif., Oct. 12, 2023 (GLOBE NEWSWIRE) -- NYSE: CWT—For its commitment to—and partnership in—helping customers become more water-efficient, California Water Service (Cal Water) has earned the U.S. Environmental Protection Agency’s 2023 WaterSense® Excellence in Promoting WaterSense Labeled Products Award.

Key Points: 
  • SAN JOSE, Calif., Oct. 12, 2023 (GLOBE NEWSWIRE) -- NYSE: CWT—For its commitment to—and partnership in—helping customers become more water-efficient, California Water Service (Cal Water) has earned the U.S. Environmental Protection Agency’s 2023 WaterSense® Excellence in Promoting WaterSense Labeled Products Award.
  • The national award recognizes a partner that goes above and beyond to help consumers understand the value of water use efficiency and aligns with EPA’s focus to aid in those efforts.
  • WaterSense® labeled devices installed in customers’ homes and businesses in 2022 through Cal Water’s conservation programs are estimated to save 579 million gallons of water over the lifetime of the devices.
  • “At Cal Water, we are committed to being a responsible steward of our planet’s limited resources through a multipronged approach to efficiency, conservation, and sustainability,” said Marty Kropelnicki, Cal Water Chairman and CEO.

Illinois American Water Awards Nearly $85,000 in Firefighter Grants

Retrieved on: 
Friday, October 13, 2023
Law Enforcement, Emergency Services, Public Policy, Government, Other Natural Resources, Utilities, Energy, Natural Resources, Fire Prevention Week, Water, Fire, Cooking, Safety, American Water Works, National Fire Academy, American Water

Nearly $85,000 has been awarded to 85 Illinois fire departments and districts through Illinois American Water’s 2023 Firefighter Grant Program.

Key Points: 
  • Nearly $85,000 has been awarded to 85 Illinois fire departments and districts through Illinois American Water’s 2023 Firefighter Grant Program.
  • Since the program was created in 2010, over 945 grants totaling over $940,000 have been awarded to fire and emergency organizations serving customers in Illinois American Water’s service area.
  • We created this program to support our heroes in a meaningful way,” said Rebecca Losli, Illinois American Water President.
  • Illinois American Water is providing firefighter grants to the following Illinois fire departments:

American Water to Discuss Third Quarter 2023 Earnings and Initiation of 2024 Earnings Guidance on November 2, 2023

Retrieved on: 
Thursday, October 12, 2023
Energy, Professional Services, Utilities, Finance, Interest, NYSE, Webcast, American Water Works Association, Regulation Fair Disclosure, American Water Works

American Water Works Company, Inc. (NYSE: AWK) announced today that it intends to release its 2023 third quarter financial results, 2024 earnings guidance and long-term financial targets after the market closes on Wednesday, November 1, 2023.

Key Points: 
  • American Water Works Company, Inc. (NYSE: AWK) announced today that it intends to release its 2023 third quarter financial results, 2024 earnings guidance and long-term financial targets after the market closes on Wednesday, November 1, 2023.
  • The call will include a discussion of third quarter 2023 results, initiation of 2024 earnings guidance, and discussion of long-term financial targets.
  • Presentation slides that will be used in conjunction with the earnings conference call will also be made available online in advance at ir.amwater.com .
  • A replay of the audio webcast will be available for one year on American Water's investor relations website at ir.amwater.com/events .