American Water Works Stock News

STREATOR, Ill.--(BUSINESS WIRE)--A new, state-of-the-art, ultraviolet treatment system at the Streator water plant allows for an important, additional disinfection step in the water treatment process and further protects the local community's drinking water. According to Holly Hunt, Illinois American Water's Operations Superintendent, Streator District, “The ultraviolet treatment system equipme...

CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water announced today that it has successfully replaced approximately 10,000 customer-owned lead and galvanized steel water service lines to date as part of its ongoing Lead Service Line Replacement program. This achievement is a significant step forward, putting New Jersey American Water on pace to meet requirements of a New Jersey state law p...

GREENWOOD, Ind.--(BUSINESS WIRE)--Indiana American Water (INAW) received approval from the Indiana Utility Regulatory Commission (IURC) for the acquisition of the Silver Creek Water Corporation (SCWC) for $45 million. “The acquisition of the Silver Creek Water Corporation is a natural fit as part of our Southern Indiana Operations. SCWC has been a valued wholesale water customer of Indiana Amer...

CAMDEN, N.J.--(BUSINESS WIRE)--The New Jersey Board of Public Utilities (BPU) today approved a settlement between New Jersey American Water and the N.J. Division of Rate Counsel and BPU Staff for new water and wastewater rates for New Jersey American Water. The approved rates represent a total annualized revenue increase of approximately $79.5 million. The company's rate request was filed on Ja...

Although inflation in the United States seems to be cooling, the rate remains stubbornly high, still above the Federal Reserve's target of below 2%.

CAIRO, Ill.--(BUSINESS WIRE)--Construction of a new $10.9 million groundwater treatment plant was completed this month in the Cairo District. The now operational groundwater plant has been built on the site of the original water treatment plant which utilized the Ohio River as its source of water supply. According to Illinois American Water officials, the permanent switch to a groundwater suppl...

MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water (PAW) and Towamencin Township will begin the process of terminating the sale of the township's wastewater system, subject to formal approval at Towamencin's next Board of Supervisors' meeting. On June 14, 2022, Towamencin executed an asset purchase agreement (APA) to sell the township's wastewater system to NextEra Water Pennsylva...

American Water Works aims to grow its dividend by 7% to 9% in the long term. Investors are warming up to Enbridge's reliable business and lofty yield.