MECHANICSBURG, Pa.--(BUSINESS WIRE)---- $AWK #Drought--Pennsylvania American Water is encouraging customers throughout portions of its statewide service territory to voluntarily reduce their water consumption in response to the drought watch declaration announced this week by the Pennsylvania Department of Environmental Protection (DEP). While the company always encourages wise water use, Pennsylvania American Water is asking residents and businesses to voluntarily reduce their nonessential water use by 10- ...

Company Highlights - American Water Works Company's subsidiary, New Jersey American Water, has acquired the water system of South Orange Village for $19.7 million, adding 5,000 consumers to its customer base [1][10] - New Jersey American Water plans to invest $50 million in upgrades to the South Orange Village's water system over the next 10 years [1][10] - American Water has completed six acquisitions and has 20 pending deals that will add another 40,650 consumers to its customer base [4][10] Industry Overview - The U.S. water industry is highly fragmented, with over 50,000 community water systems and 14,000 wastewater treatment systems, many of which are struggling with aging infrastructure [2] - The American Society of Civil Engineers reports that water main breaks occur every two minutes, highlighting the deteriorating state of U.S. water infrastructure [3] - The Environmental Protection Agency estimates that $1.25 trillion will be needed over the next 20 years to maintain and expand water services [3] Strategic Acquisitions - California Water Service Group is actively pursuing strategic acquisitions to expand operations and upgrade assets for high-quality service [5][6] - Essential Utilities is also pursuing acquisitions, with agreements signed for additional water and wastewater systems in Pennsylvania, Texas, and Ohio, expected to serve over 200,000 equivalent retail customers [7][8]

Core Insights - American Water, the largest regulated water and wastewater utility company in the U.S., has completed its 2025 Future Wavemakers Internship Program aimed at developing future leaders in the water and wastewater industry [1] Company Initiatives - The 2025 Future Wavemakers Internship Program welcomed 33 college interns from across the country, providing them with hands-on experience in various fields including engineering, water quality, operations, health and safety, and communications [1]

Core Insights - New Jersey American Water has completed the acquisition of South Orange Village's water system for $19.7 million, adding approximately 5,000 new customer connections [1][2] - The acquisition was approved by 62% of South Orange voters in a referendum held in November 2024, highlighting community support for the sale [2] - The company plans to invest $50 million in infrastructure improvements over the first 10 years of ownership, focusing on modernizing the system and enhancing service reliability [3][5] Company Strategy - The acquisition aligns with New Jersey American Water's commitment to providing safe, clean, reliable, and affordable water services, as well as improving operational efficiency [2][5] - The company aims to replace lead and galvanized service lines, upgrade aging water mains and fire hydrants, and rehabilitate key infrastructure components [3][4] - New Jersey American Water has a proven track record of infrastructure investment, having completed eight acquisitions in the last five years, which added over 26,000 new water and/or wastewater customers [5] Community Engagement - Residents of South Orange Village will receive information about the transition and can access customer service benefits, including an online account management portal [4] - The partnership is expected to deliver long-term benefits and peace of mind for the community, as emphasized by local officials [4]

Core Insights - American Water has been recognized on Forbes America's Best Employers for Company Culture 2025 list, highlighting its strong company culture as perceived by employees [1] Company Recognition - The ranking is based on an independent survey of employees, indicating a positive internal perception of the company's culture [1] - Lori Sutton, EVP and Chief Human Resources Officer of American Water, expressed honor in being included in this inaugural list [1]

Group 1 - California American Water, in collaboration with the American Water Charitable Foundation, awarded a $30,000 State Strategic Impact grant to Wayfinder Family Services [1] - The funding will support children and youth Foster Care, Adoption, and Post-Adoption programs [1] - The initiative aims to ensure access to high-quality services for children and youth in these programs [1]

Core Insights - American Water Works Company, Inc. (NYSE:AWK) is recognized as one of the 11 Best Value Dividend Stocks to buy currently [1] - The company serves over 14 million people across 14 states, with 92% of its operating revenue derived from regulated utility operations in 2024 [2] Company Strategy - The company's strategy focuses on obtaining regulatory approval for rate changes, investing in infrastructure modernization, and pursuing selective acquisitions [3] - Regulatory approval is crucial as it impacts customer pricing and infrastructure cost recovery, which are vital for the company's performance [3] - Ensuring efficiency while adhering to environmental and health standards is essential for long-term stability and growth [3] Dividend Policy - American Water Works has consistently raised its dividends since 2008, currently offering a quarterly dividend of $0.8275 per share [4] - The company has a dividend yield of 2.43% as of September 26 [4]

CAMDEN, N.J.--(BUSINESS WIRE)-- #AmericanWater--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., today announced its participation in American Water Works Association's (AWWA) annual Source Water Protection Week, September 28 - October 4, 2025. "Providing safe, reliable drinking water starts with protecting our water sources," said Lynda DiMenna, Vice President, Environmental Policy, Research & Planning, American Water. "Preventing pollution in rivers, lake ...

Core Points - Missouri American Water has signed an agreement to purchase the water and wastewater systems from the City of Neosho for $34.5 million [1] - The agreement has received unanimous approval from the Neosho City Council and has been submitted to the Missouri Public Service Commission [1] - The Neosho system serves approximately 5,400 customer connections [1]

Core Perspective - The future well-being of communities is a top priority for Pennsylvania American Water, emphasizing the importance of preparing today's youth for crucial services like water and wastewater [1] Group 1 - Pennsylvania American Water offers various internships, including a new program specifically for high school students [1] - The internship programs aim to increase awareness, provide real-world experience, and attract industry talent [1] - The company highlights that the future of the industry depends on investing in the next generation [1]