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American Water (AWK) Buys Granite City's Wastewater Treatment Plant
AWKAmerican Water Works pany(AWK) Zacks Investment Research·2024-03-12 15:16

American Water Works Company, Inc.’s (AWK) subsidiary, Illinois American Water, announced that it acquired the assets of the wastewater treatment plant of Granite City for 86million.Thisacquisitionwilladd26,000customerstoIllinoisAmericanWater’scustomerbaseintheregion.Timelyrepairandmaintenanceofagingwaterandwastewaterinfrastructureareessentialtoprovidehigh−quality24x7servicestocustomers.Aspartofthisacquisitiondeal,IllinoisAmericanWaterplanstoinvestnearly86 million. This acquisition will add 26,000 customers to Illinois American Water’s customer base in the region.Timely repair and maintenance of aging water and wastewater infrastructure are essential to provide high-quality 24x7 services to customers. As part of this acquisition deal, Illinois American Water plans to invest nearly 40 m ...