American Water Works

California American Water Signs Equal Pay Pledge

Retrieved on: 
Friday, May 5, 2023

California American Water has affirmed its commitment to be an employer of choice by signing California’s Equal Pay Pledge, a partnership between the Office of the First Partner, the California Commission on the Status of Women and Girls, and the California Labor and Workforce Development Agency to minimize the gender-related pay gap.

Key Points: 
  • California American Water has affirmed its commitment to be an employer of choice by signing California’s Equal Pay Pledge, a partnership between the Office of the First Partner, the California Commission on the Status of Women and Girls, and the California Labor and Workforce Development Agency to minimize the gender-related pay gap.
  • “I am proud to sign the Equal Pay Pledge, affirming the critical importance of pay equity,” said Kevin Tilden, President of California American Water.
  • “California American Water regularly reviews pay equity, to ensure that our pay decisions are based on the talents and skills of our employees, and do not reflect factors such as gender, race, or ethnicity.
  • Since the launch of the Equal Pay Pledge in April 2019, the effort has connected employers to educational efforts on pay disparity and encouraged companies to examine internal policies and practices.

Missouri Public Service Commission Issues Rate Order Approving Settlement

Retrieved on: 
Wednesday, May 3, 2023

On May 3, 2023, the Missouri Public Service Commission (MoPSC) issued an order approving the rate settlement reached by parties in Missouri American Water’s rate review for its water and wastewater operations.

Key Points: 
  • On May 3, 2023, the Missouri Public Service Commission (MoPSC) issued an order approving the rate settlement reached by parties in Missouri American Water’s rate review for its water and wastewater operations.
  • The company, the MoPSC Staff, the Office of the Public Counsel, the Midwest Energy Consumers Group, the City of St. Joseph, and Consumer’s Council of Missouri signed on to the settlement.
  • No parties involved in the rate review objected to the settlement.
  • “We are pleased the Missouri Public Service Commission approved the settlement, which was reached after working diligently with the parties to balance affordability with system investments,” said Rich Svindland, president of Missouri American Water.

West Virginia American Water Submits Rate Request Driven by $340 Million in Investment; Proposes New Low-Income Tariff for Customers in Need

Retrieved on: 
Monday, May 1, 2023

West Virginia American Water filed a rate adjustment request today with the Public Service Commission of West Virginia (PSC) reflecting approximately $340 million in water and wastewater system investments made from 2020 through February 2025 to continue providing safe and reliable service.

Key Points: 
  • West Virginia American Water filed a rate adjustment request today with the Public Service Commission of West Virginia (PSC) reflecting approximately $340 million in water and wastewater system investments made from 2020 through February 2025 to continue providing safe and reliable service.
  • The company continues to make needed investments to replace aging infrastructure, comply with water quality and environmental regulations and meet customers’ water and wastewater service needs.
  • “This rate request provides for recovery of our investment from 2020 to present and seeks to facilitate future system investments into 2025,” said Robert Burton, president of West Virginia American Water.
  • Under this expanded tariff, eligible households would receive monthly bill discounts of between 15 and 65 percent for water and wastewater service.

California American Water Rejects Unauthorized Purchase Offer

Retrieved on: 
Saturday, April 29, 2023

California American Water issued its response to Monterey Peninsula Water Management District’s (MPWMD) offer to purchase California American Water’s water system serving the Monterey Peninsula.

Key Points: 
  • California American Water issued its response to Monterey Peninsula Water Management District’s (MPWMD) offer to purchase California American Water’s water system serving the Monterey Peninsula.
  • California American Water reiterated its commitment to working cooperatively with MPWMD and other community partners to bring approved new sources of water supply online to protect the Carmel River.
  • “California American Water has provided high-quality and reliable water service to its customers on the Monterey Peninsula for many decades and plans to continue serving its customers and working to address the real issues of water supply and environmental protection facing the Monterey Peninsula,” said Evan Jacobs, Director of External Affairs for California American Water.
  • “MPWMD should stop wasting taxpayer money and reconsider its reckless and infeasible attempt to purchase our water system.”
    In 2018, after previous failed attempts to secure voter authorization to pursue a takeover of California American Water’s Monterey Peninsula system, the Measure J ballot measure authorized MPWMD to explore the feasibility of the purchase and operation of California American Water’s Monterey Peninsula water system.

ComEd Program Prepares More than 80 Local Residents for Growing Clean Energy Jobs

Retrieved on: 
Friday, April 28, 2023

Today, more than 80 local residents graduated from these programs, which develop a skilled and diverse talent pipeline to support the clean energy transition in Illinois.

Key Points: 
  • Today, more than 80 local residents graduated from these programs, which develop a skilled and diverse talent pipeline to support the clean energy transition in Illinois.
  • A recent study reveals that the clean energy transition could bring as many as 150,000 jobs to Illinois by 2050.
  • Now in its 11th year, CONSTRUCT Infrastructure Academy is an 11-week program that prepares individuals for careers in the skilled trades.
  • CONSTRUCT exposes students to innovative solar and energy efficiency technologies to help prepare them to join the local future energy workforce.

American Water Reports Strong First Quarter 2023 Results; Affirms 2023 Guidance and Long-Term Targets

Retrieved on: 
Wednesday, April 26, 2023

“We’re off to a great start to the year,” said M. Susan Hardwick, president and CEO of American Water.

Key Points: 
  • “We’re off to a great start to the year,” said M. Susan Hardwick, president and CEO of American Water.
  • With this action and solid first quarter results, we are on track to meet our 2023 objectives,” said Hardwick.
  • The Company affirms its 2023 earnings per share guidance range of $4.72 to $4.82.
  • The conference call to discuss first quarter 2023 earnings will take place on Thursday, April 27, 2023, at 9 a.m. Eastern Daylight Time.

American Water Increases Dividend 8.0 Percent

Retrieved on: 
Wednesday, April 26, 2023

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, an increase of 8.0 percent.

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, an increase of 8.0 percent.
  • “American Water continues to be an industry leader in dividend growth, which is a result of our continued successful execution of key strategic initiatives and the strength of our financial outlook,” said M. Susan Hardwick, president and chief executive officer of American Water.
  • The increased quarterly dividend will be payable on June 1, 2023, to all shareholders of record as of May 9, 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.

Virginia American Water Rate Case Settlement Receives Approval from State Corporation Commission

Retrieved on: 
Tuesday, April 25, 2023

The Virginia State Corporation Commission (SCC) issued an order today approving a settlement that adjusts rates for Virginia American Water following a November 2021 rate change request.

Key Points: 
  • The Virginia State Corporation Commission (SCC) issued an order today approving a settlement that adjusts rates for Virginia American Water following a November 2021 rate change request.
  • These improvements include replacement of aging pipe, water treatment plant upgrades and system resiliency projects that will help Virginia American Water continue the provision of clean, safe and reliable service for customers throughout the state.
  • “Virginia American Water is committed to making the needed infrastructure improvements across our service areas so we can continue to provide the high level of safety, service, and reliability that our customers expect and deserve,” said Barry Suits, president, Virginia American Water.
  • Virginia American Water also wants to remind customers facing circumstances that are stretching their financial resources about its bill paying assistance programs.

American Water Charitable Foundation Provides $50,000 in Disaster Relief to Support Indiana American Water Communities

Retrieved on: 
Monday, April 17, 2023

The American Water Charitable Foundation , a 501(c)(3) organization established by American Water, the largest publicly traded U.S. water and wastewater utility company, announced today that it is providing a combined total $50,000 disaster relief grant to the Johnson County Community Foundation and Wabash Valley Community Foundation to support communities impacted by recent weather events in the Indiana American Water footprint.

Key Points: 
  • The American Water Charitable Foundation , a 501(c)(3) organization established by American Water, the largest publicly traded U.S. water and wastewater utility company, announced today that it is providing a combined total $50,000 disaster relief grant to the Johnson County Community Foundation and Wabash Valley Community Foundation to support communities impacted by recent weather events in the Indiana American Water footprint.
  • “Indiana American Water, in collaboration with the American Water Charitable Foundation, is pleased to join the ongoing relief efforts across the state of Indiana to support families and communities impacted by the devastating storm and tornadoes,” said Matt Prine, President, Indiana American Water.
  • “The American Water Charitable Foundation is pleased to join the many others who have contributed their time and resources to support those impacted by the storms,” said Carrie Williams, President, American Water Charitable Foundation.
  • “We are thankful for the generous gift from the American Water Charitable Foundation and Indiana American Water,” said Beth Tevlin, President & CEO of the Wabash Valley Community Foundation.

ComEd Invests $963 Million with Diversity-Certified Suppliers in 2022

Retrieved on: 
Friday, April 14, 2023

Maintaining its commitment to local investment, ComEd spent $651 million of its total diverse spend last year with Illinois-based suppliers.

Key Points: 
  • Maintaining its commitment to local investment, ComEd spent $651 million of its total diverse spend last year with Illinois-based suppliers.
  • In its 2022 report submitted today to the ICC, ComEd detailed its partnership with 650 diversity-certified suppliers, including 159 new partnerships.
  • Diverse suppliers support departments and workstreams across ComEd, including construction, engineering, and materials, among others.
  • Members include Ameren Illinois, Aqua, ComEd, Illinois American Water, Nicor Gas, North Shore Gas, and Peoples Gas.