AWK American Water Works Company Inc.

Pennsylvania American Water Invested $400 Million Statewide in 2020

announced today its end-of-year investment total and system improvement recap for 2020. In just 12 months, the company invested $400 million to upgrade water and wastewater infrastructure across the Commonwealth – delivering on its significant capital investment plan despite the COVID-19 public health emergency.

“Our goal at Pennsylvania American Water is to provide safe, reliable, environmentally responsible water and wastewater service to the 2.4 million Pennsylvanians who rely on us,” said Mike Doran, president of Pennsylvania American Water. “From source to tap and back to the source again, our team of professionals works hard to maintain and improve our facilities to keep them operating efficiently, meeting regulatory standards and delivering high quality water and wastewater service. I am so proud of our team for achieving these results while operating under new protocols to protect the health and safety of each other and our customers during this unprecedented year.”

Each year, Pennsylvania American Water invests hundreds of millions of dollars in its infrastructure to maintain and upgrade treatment and distribution (pipeline) systems. This includes improvements to treatment plants, wells, tanks, pump stations, pipes, valves, fire hydrants and metering equipment to sustain current operations while supporting resiliency for the future.

Pennsylvania American Water customers can see how the company put their monthly bills to work in 2020 on the company’s . This web-based user-friendly map provides public transparency to how the company is investing in water main replacement projects throughout its service area as part of its overall system improvements.

“This year’s investments demonstrate our continued commitment to constantly replace and upgrade aging water infrastructure so that clean, safe water is there when you need it,” Doran continued. “Not only are these investments critical to the public’s health and safety, but they also support the economic health of the communities we serve. Economic impact studies show that for every $1 million invested in water infrastructure, more than 15 total jobs are generated throughout the economy, which means our investment in 2020 alone supported more than 6,200 jobs across the Commonwealth amidst a global pandemic.”

The company’s 2020 system improvement highlights include:

  • Water and Wastewater Mains: Pennsylvania American Water invested approximately $130 million to replace more than 126 miles (667,747 feet) of aging water and sewer pipelines. Additionally, Pennsylvania American Water invested more than $3 million in automated leak detection equipment in 2020 to further enhance its ability to locate and repair leaks. As a result of this technology, the company found and repaired 369 non-surfacing leaks.
  • Source Water, Treatment and Other Production System Improvements: Pennsylvania American Water invested more than $46 million for improvements to its water and wastewater treatment facilities across the state. Major projects included treatment upgrades at its Butler, Hershey, New Castle, Norristown, Silver Spring, Stony Garden, West Shore and Yardley water treatment plants and treatment and capacity upgrades at the Scranton wastewater treatment plant.
  • Hydrants, Valves and Service Lines: Pennsylvania American Water replaced over 1600 fire hydrants and 1300 valves across the state, an approximately $9.5 million investment, along with roughly 16,000 service lines totaling approximately $20 million.
  • Tanks/Storage: Pennsylvania American Water rehabilitated five water tanks and one treatment unit as well as conducted detailed inspections on more than 75 tanks, an investment totaling approximately $6 million.

Pennsylvania American Water also recently released its , providing an overview of the company’s charitable giving and community engagement efforts throughout 2020. In total, the company contributed $848,000 to organizations in the community through grants, scholarships and COVID-19 relief donations as well as direct assistance to help customers pay their water or wastewater bill.

About Pennsylvania American Water

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.4 million people. With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit and follow American Water on and .

EN
16/02/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on American Water Works Company Inc.

American Water Works Company Inc: 1 director

A director at American Water Works Company Inc sold 2,825 shares at 143.280USD and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...

American Water Works Company, Inc.: Update to credit analysis

Our credit view of American Water reflects its geographically diverse holdings with operations in 24 states, constrained by its steady dividend growth rate ranging 7-9% over next five years.

American Water Works Company, Inc.: American Water cyber breach carrie...

A 3 October cyber incident disrupted customer service and may negatively affect customer relations and increase regulatory scrutiny.

 PRESS RELEASE

West Virginia American Water Receives Base Rate and Surcharge Orders f...

CHARLESTON, W.Va.--(BUSINESS WIRE)-- The Public Service Commission of West Virginia (PSC) issued an order late Friday, February 23 approving adjusted water and wastewater rates for West Virginia American Water customers following the company’s May 2023 request for a rate adjustment. The order authorizes an additional $18.4 million in revenue, driven by over $220 million in completed infrastructure investments made since 2020, including upgrades to water mains, treatment plants, tanks, valves, booster stations and other infrastructure necessary to maintain and improve water quality, service rel...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch