A director at American Water Works Company Inc sold 4,647 shares at 138.158USD and the significance rating of the trade was 71/100. 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 ...
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...
KEARNEYSVILLE, W. Va.--(BUSINESS WIRE)-- West Virginia American Water, a subsidiary of American Water (NYSE: AWK), announced today that it has completed the acquisition of Jefferson Utilities, including the assets of Jefferson Utilities, Inc., Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services for $27 million. The combined systems serve 3,978 customer connections in Jefferson, Berkeley and Morgan counties. “West Virginia American Water is thrilled to become the water and wastewater service provider for many residents throughout the Eastern Pan...
CHARLESTON, W.Va.--(BUSINESS WIRE)-- West Virginia American Water filed a rate adjustment request today with the Public Service Commission of West Virginia (PSC) reflecting approximately $340 million in water and wastewater system investments made from 2020 through February 2025 to continue providing safe and reliable service. The company continues to make needed investments to replace aging infrastructure, comply with water quality and environmental regulations and meet customers’ water and wastewater service needs. If approved, new rates reflecting these investments would not go into effect ...
CHARLESTON, W.Va.--(BUSINESS WIRE)-- In an order entered today, the Public Service Commission of West Virginia (PSC) approved a joint agreement reached last month in West Virginia American Water’s request for approval of its 2023 infrastructure replacement program, referred to as a Distribution System Improvement Charge (DSIC). The joint agreement was reached between West Virginia American Water, PSC staff, and the PSC’s Consumer Advocate Division. The DSIC program and its associated surcharge mechanism allow the company to receive more timely cost recovery of certain infrastructure investment...
CHARLESTON, W.Va.--(BUSINESS WIRE)-- West Virginia American Water, a subsidiary of American Water (NYSE: AWK), announced today that it has signed an agreement with Jefferson Utilities to purchase the water and wastewater system assets of Jefferson Utilities, Inc., Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services for $30 million. The combined systems serve 3,978 customer connections in Jefferson, Berkeley and Morgan counties. “West Virginia American Water looks forward to becoming the water and wastewater service provider for such a vibrant an...
CHARLESTON, W.Va.--(BUSINESS WIRE)-- West Virginia American Water filed an application today with the Public Service Commission (PSC) of West Virginia, seeking approval of its 2023 infrastructure replacement program and associated Distribution System Improvement Charge (DSIC). This infrastructure replacement plan and surcharge is reviewed and updated annually by the PSC, and the proposed 2023 rate includes approximately $81.2 million of investment for infrastructure replacement and system upgrades. “West Virginia American Water’s annual infrastructure replacement program has been in place sin...
CHARLESTON, W.Va.--(BUSINESS WIRE)-- In an order entered on February 28, the Public Service Commission of West Virginia (PSC) granted approval for West Virginia American Water’s 2022 infrastructure replacement program, referred to as a Distribution System Improvement Charge (DSIC). The program and its associated surcharge mechanism allow the company to receive more timely cost recovery of certain infrastructure investments deemed just, reasonable, and in the public interest, which in turn enables the company to accelerate its infrastructure replacement and reliability program. “The DSIC surch...
CHARLESTON, W. Va.--(BUSINESS WIRE)-- In an order entered on February 24, 2022, the Public Service Commission of West Virginia (PSC) approved a request to establish new water and wastewater rates for West Virginia American Water customers. The $23.5 million order recognizes the company’s response to the COVID-19 pandemic, troubled system acquisition investment and Distribution System Improvement Charge (DSIC) investment. The order includes a $1.6 million reduction for excess accumulated deferred income taxes (EADIT) which is an offset included in the approved base rates. Factoring in the compa...
The independent financial analyst theScreener just requalified the general evaluation of AMERICAN WATER WORKS (US), active in the Water industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date February 15, 2022, the cl...
CHARLESTON, W.Va.--(BUSINESS WIRE)-- West Virginia American Water announced today that it has completed its acquisition of Page-Kincaid Public Service District’s water distribution system. The company now owns and operates the system as part of its New River system. West Virginia American Water began supplying water to Page-Kincaid Public Service District residents in December 2020, despite many additional steps needed to close the sale of the system. Although residents have been receiving quality water from West Virginia American Water, the system has continued to be maintained by Paige-Kinc...
CHARLESTON, W. Va.--(BUSINESS WIRE)-- West Virginia American Water announced today that it has completed its acquisition of the Town of Cedar Grove’s water distribution system. The company now owns and operates the system as part of its Kanawha Valley system. The Town of Cedar Grove, which served approximately 395 customers along Rt. 60 in Kanawha County, has struggled to maintain adequate service to its customers in recent years. Additionally, the town no longer had the means to continue maintenance and infrastructure upgrades on its water treatment plant and distribution system. “We are ve...
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