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American Water Unit Gets Rate Hike Nod, Supports Ongoing Investments
ZACKS· 2026-03-12 15:41
Core Viewpoint - American Water Works' unit, West Virginia American Water, has received approval for new water rates that will increase annual revenues by $20.5 million, effective March 1, 2026 [1][10]. Summary by Relevant Sections Rate Increases and Financial Impact - The approved new rates will lead to an increase in average monthly bills for residential water customers by nearly $6 and for residential wastewater customers by around $7 [2][10]. - The rate hikes are deemed essential for the maintenance and upgrade of infrastructure, enabling utilities to meet rising customer demand efficiently [3][4]. Infrastructure Needs - The U.S. water and wastewater infrastructure is aging, necessitating significant investment. The Environmental Protection Agency estimates that $1.25 trillion will be required over the next 20 years for necessary upgrades [5]. - Infrastructure improvements are crucial for utilities to manage growing demand and minimize leaks and water loss [5]. Industry Context - Other water utilities, such as American States Water and California Water Service Group, have also received approvals for rate hikes, indicating a broader trend in the industry to secure funding for infrastructure development [6][7][8]. - The stock performance of American Water Works has shown a slight increase of 0.6% over the past month, contrasting with a 1.1% decline in the water utility industry [9][10].
Iowa American Water Announces Over $55 Million Invested in 2025 Statewide Infrastructure Upgrades
Prnewswire· 2026-03-12 15:41
Iowa American Water Announces Over $55 Million Invested in 2025 Statewide Infrastructure Upgrades Accessibility Statement Skip NavigationStrengthening System Reliability and Water Quality for CustomersDAVENPORT, Iowa, March 12, 2026 /PRNewswire/ -- Iowa American Water announced today its 2025 summary of investments for system improvements, totaling more than $55 million in water and wastewater system upgrades throughout its service areas across Iowa."Providing safe, clean and reliable water and wastewater s ...
New Jersey American Water Reminds Customers of Ongoing Assistance Programs as Winter Termination Period Concludes
Prnewswire· 2026-03-11 18:46
Core Viewpoint - New Jersey American Water emphasizes the availability of year-round assistance programs for customers facing financial hardship as the Winter Termination Program concludes on March 15, 2026 [1] Group 1: Assistance Programs - The Winter Termination Program provides seasonal protections for eligible residential customers from November 15 to March 15, but assistance programs continue throughout the year [1] - The H2O Help to Others Program has been supporting eligible customers for over 20 years, offering emergency grants and monthly affordability discounts [1] - Universal Affordability Discounts reduce monthly fixed service and usage charges by 15% to 60% based on household income, and grants of up to $500 are available for overdue water or wastewater bills [1] Group 2: Eligibility and Outreach - Customers participating in certain state or federal assistance programs, such as LIHEAP, SNAP, Medicaid, SSI, TANF, Lifeline, and the Universal Service Fund, may be automatically eligible for H2O Help to Others assistance [1] - The company encourages customers to explore available options and reach out early for assistance, facilitating connections to the most suitable programs [1] Group 3: Company Overview - New Jersey American Water is the largest regulated water utility in New Jersey, serving approximately 3 million people with a workforce of about 875 employees [1]
Essential Utilities Honored Among America's Most Charitable Companies 2026 by Newsweek; Announces Nearly $7.2 Million Community Giving in 2025
Businesswire· 2026-03-11 15:33
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) announced today its inclusion on Newsweek's list of America's Most Charitable Companies. The recognition demonstrates how the company's mission extends beyond utility services, signifying industry leadership in corporate philanthropy through its Essential Foundation. "Through our mission, Essential Utilities fulfills the basic needs of our customers by warming their homes and providing clean water,†said CEO and Chairman Chr. ...
Kentucky American Water Announces Nearly $72 Million Invested in Infrastructure Upgrades in 2025
Prnewswire· 2026-03-10 21:30
Kentucky American Water Announces Nearly $72 Million Invested in Infrastructure Upgrades in 2025 Accessibility Statement Skip NavigationInvestments Strengthen System Reliability and Water Quality for CustomersLEXINGTON, Ky., March 10, 2026 /PRNewswire/ -- Kentucky American Water announced today its 2025 summary of investments for system improvements, totaling nearly $72 million in water and wastewater system upgrades throughout its service areas in Kentucky."Delivering safe, clean and reliable water and was ...
West Virginia Public Service Commission Authorizes New Rates for West Virginia American Water
Prnewswire· 2026-03-10 20:16
West Virginia Public Service Commission Authorizes New Rates for West Virginia American Water Accessibility Statement Skip NavigationSupports over $239 Million in Continued Infrastructure Investments Across the State; Additional Customer Discount Program Also IntroducedCHARLESTON, W.Va., March 10, 2026 /PRNewswire/ -- The West Virginia Public Service Commission issued an amended order on Thursday, March 5, 2026, approving new rates for West Virginia American Water. The approved rates represent a total annua ...
ATLAS Infrastructure Invests in H2O America, Backs Long-Term Growth Strategy
Businesswire· 2026-03-10 17:29
www.atlasinfrastructure.comSocial Media ProfilesATLAS Infrastructure## Wish your news had this kind of reach?Sign UpLearn About Business Wire ATLAS Infrastructure Invests in H2O America, Backs Long-Term Growth StrategyMar 10, 2026 1:29 PM Eastern Daylight Time# ATLAS Infrastructure Invests in H2O America, Backs Long-Term Growth StrategyShare---- H2O's organic growth fully equity funded into 20281- Upsized transaction highlights strong market support for H2O's long-term strategy and sector leading growth out ...
Hidden Gems for Nervous Investors: 4 Safe Haven Stocks Flying Below the Radar
247Wallst· 2026-03-10 12:40
Core Insights - The article highlights four overlooked safe haven stocks that are appealing to investors seeking stability amid market volatility, particularly with the CBOE Volatility Index (VIX) rising significantly [1] Group 1: Stock Summaries - **Envela (ELA)**: This Texas-based luxury goods reseller has seen a 110% gain over the past year, though it is down 2.99% year-to-date. It has a low beta of 0.281, indicating low volatility, and trades at a trailing P/E of 33x with 74.2% insider ownership [1] - **York Water (YORW)**: This company has paid uninterrupted dividends for over 200 years and recently raised its quarterly dividend to $0.228 per share, yielding approximately 2.72%. Full-year 2025 revenue grew 3.37% to $77.49 million, but earnings per share (EPS) slightly decreased to $1.39 [1] - **MGE Energy (MGEE)**: The utility company reported a full-year EPS of $3.72, beating estimates by 2.01%, and revenue of $743.65 million, exceeding estimates by 3.36%. The company has a beta of 0.782 and has consistently raised its dividend, now at $0.475 per share [1] - **Enhabit (EHAB)**: This home health operator is set to be acquired at $13.80 per share in a $1.10 billion deal. The stock has surged 48.16% year-to-date and 60.14% over the past year, with significant operational improvements noted in its hospice segment [1] Group 2: Market Context - The elevated volatility in the market, indicated by the VIX at 25.50 and up 34.9% over the past month, is driving investors toward stocks that offer stability and predictable income [1] - The 10-year Treasury yield has decreased to 4.13%, making dividend-paying equities more attractive compared to fixed-income investments [1]
X @Bloomberg
Bloomberg· 2026-03-10 10:05
UK water companies secured only a modest revenue boost after the Competition and Markets Authority largely backed limits set by the industry regulator https://t.co/RePbma2LP5 ...
Pennon shares rise despite profit warning as storm costs and sewage penalties bite
Yahoo Finance· 2026-03-10 09:43
Pennon shares rise despite profit warning as storm costs and sewage penalties bite Proactive uses images sourced from Shutterstock Shares in Pennon Group PLC (LSE:PNN, OTC:PEGRY) rose 3.4% to 553.5p on Tueaday morning despite the owner of South West Water saying full-year profitability would come in at the lower end of market expectations. The FTSE 250 water company said exceptional rainfall and storm-related disruption have pushed up costs. Underlying EBITDA was tracking around 55% higher year on year ...