Americans, who were till some time back confident about the nation’s economy, have suddenly started growing more concerned about the future. A sudden jump in inflation in January appears to have dented their confidence.The Conference Board said on Feb 27 that consumer confidence declined to 106.7 in February after increasing to 110.9 in January, when confidence level hit a two-year high. The unexpected decline comes after three straight months of increase.Consumers' expectations of inflation fell to 5.2%, h ...

PACIFIC GROVE, Calif.--(BUSINESS WIRE)--Today, California American Water filed a motion asking the Monterey County Superior Court to dismiss the Monterey Peninsula Water Management District's (District) lawsuit seeking a government takeover of the company's Monterey Peninsula water system through eminent domain. The motion argues that the District’s lawsuit fails to meet fundamental legal requirements necessary to proceed with such a significant action and should be dismissed. The motion is scheduled for a ...

CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water recently announced its 2023 end-of-year investment total for system improvements. More than $507 million was invested to fund critical system upgrades and improvement projects across the company’s service areas throughout the year. “This year’s wide-ranging system improvements reflect our commitment to making prudent investments to continue the delivery of safe, affordable and reliable water and wastewater service to customers,” said Mark McDonough ...

CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that three representatives will join regulatory policy panels at the National Association of Regulatory Utility Commissioners’ (NARUC) Winter Policy Summit, taking place from February 25 through 28 in Washington, D.C. American Water will have a leading presence at the conference to discuss issues of heightened importance to commissioners, customers and communitie ...

Volatility has returned to Wall Street after the rally, which started in early January, came to a sudden halt last week after fresh data showed that inflation rose last month. An unexpected jump in inflation has once again dimmed hopes of the Federal Reserve going for its first rate cut in March.The Commerce Department last week reported that the consumer price index (CPI) rose 0.3% month over month in January and 3.1% from a year ago. Also, core CPI, which excludes the volatile energy and food prices, rose ...

PACIFIC GROVE, Calif.--(BUSINESS WIRE)--Building upon over two decades of success, California American Water continues its Aquifer Storage and Recovery (ASR) program during the rainy season to capture and store excess water for use during periods of drought. This innovative initiative captures excess winter flows from the Carmel River, strategically replenishing underground aquifers. ASR is made possible by a well, pump and booster station network along the Carmel River and the award-winning parallel pip ...

CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., today announced that it has been awarded a new grant from The Water Research Foundation (WRF), Determining the Role of Spectral Imaging as an Early Warning System for Presence/Significance of Algal Blooms [5266]. This research aims to develop cost-effective tools for early and reliable identification of harmful algal blooms. “American Water is delighted to partner with The Wa ...

ST. LOUIS--(BUSINESS WIRE)--Missouri American Water announces the launch of the American Water Charitable Foundation 2024 Water and Environment Grant Program. “This program focuses on helping local organizations carry out meaningful, sustainable initiatives that can ultimately benefit our watersheds,” said Rich Svindland, president of Missouri American Water. “We encourage schools, environmental organizations and civic groups located in our service territories throughout the state to apply for a water-re ...

CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it has been ranked number 1 in the utilities industry on Forbes America's Best Large Employers 2024 list. The ranking is based on an independent survey of employees. "American Water is honored to receive recognition on Forbes America's Best Large Employers 2024 list," said M. Susan Hardwick, President and Chief Executive Officer, American Water. "We are e ...

American Water Works (AWK -1.16%), the largest publicly traded U.S. water and wastewater utility, reported robust fourth-quarter 2023 results on Wednesday after the closing bell. Shares gained 3.1% on Thursday, though they declined 1.2% on Friday. Thursday's upward move was likely in part attributable to the company easily exceeding Wall Street's revenue and earnings estimates. But a good chunk of Thursday's gain and all of Friday's drop were probably due to overall market dynamics, as major indexes rose on ...