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Stock impact report

American Water Works Arm Acquires Shrewsbury Township's Water System [Yahoo! Finance]

American Water Works Company, Inc. (AWK) 
Last american water works company, inc. earnings: 2/18 04:37 pm Check Earnings Report
US:NYSE Investor Relations: ir.amwater.com
Company Research Source: Yahoo! Finance
This purchase, which serves 265 customer connections, followed the approval of the New Jersey Department of Community Affairs and the New Jersey Board of Public Utilities. This is the second acquisition in the State of New Jersey to be completed through the Water Infrastructure Protection Act (“WIPA”). As part of the deal, New Jersey American Water will maintain customer-affordable rates while making significant infrastructure investments in the community's water system. These initiatives include updating all water meters and locating and replacing all lead and galvanized steel service lines. Additionally, all of the system's aging water mains will be replaced. American Water Works expanded its operations through systematic acquisitions. In 2024, the company completed 13 acquisitions, which added 69,500 customers. Including customers added through acquisitions, American Water Works increased its existing base by 90,000 customers. American Water Works' pending 17 acquisitions (as o Show less Read more
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