New Jersey American Water Reports More Than $507 Million in System Investments Statewide in 2023

Core Insights - New Jersey American Water announced a total investment of over $507 million for system improvements in 2023, emphasizing its commitment to providing safe, affordable, and reliable water and wastewater services [1][2] Investment Highlights - The company invested $175 million to install, replace, or rehabilitate over 91 miles of main, enhancing water quality, pressure, fire protection, and service reliability [2] - Approximately $2.76 million was allocated for leak detection equipment to improve response capabilities to leaks and breaks [2] - Over $28 million was spent on improvements at water treatment facilities, including upgrades at Jumping Brook, Canal Road, and Raritan Millstone Water Treatment Plants [2] - An investment of approximately $17.8 million was made to replace 458 fire hydrants and 1,723 valves [2] - New Jersey American Water replaced 13,776 service lines, representing an investment of about $87.8 million [2] - The company rehabilitated five tanks and conducted detailed inspections of 40 tanks, totaling an investment of approximately $10.1 million [2] Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states and 18 military installations [4] - New Jersey American Water, a subsidiary of American Water, is the largest regulated water utility in New Jersey, providing services to approximately 2.9 million people [5]