Pennsylvania American Water Receives $6.1+ Million in PENNVEST Funding for Infrastructure Improvement Projects in Berks and Cumberland Counties

Core Insights - Pennsylvania American Water has been awarded a total of $6,183,799 in grants and low-interest loans from the Pennsylvania Infrastructure Investment Authority (PENNVEST) to support infrastructure improvement projects in Berks and Cumberland counties [1] Funding Details - The funding includes a grant of $122,263 and a loan of $3,627,737 for the replacement of approximately 384 lead water service lines in New Cumberland Borough, which will enhance water quality and comply with regulatory initiatives [2] - In Berks County, a loan of $2,433,799 will fund the Exeter Wastewater Corrective Action Plan project, which involves sliplining over 14,200 feet of main and replacing approximately 1,200 feet of main to reduce inflow and infiltration [3] Company Overview - American Water is the largest regulated water and wastewater utility company in the United States, serving over 14 million people across 14 states and 18 military installations [4] - Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in Pennsylvania, providing services to approximately 2.4 million people with a workforce of 1,200 employees [6]