American Water Works

American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving a population of approximately 14 million through 3.4 million customer connections. The company's customers include residential, commercial, fire service and private fire, industrial, government facilities, and other water and wastewater utilities.

American Water Works Company, Inc.
TypePublic company
IndustryUtilities
Water and wastewater
Founded1886 (1886)
FounderJames S. Kuhn, W.S. Kuhn
Headquarters
Camden, New Jersey
,
U.S.
Key people

M. Susan Hardwick, President and CEO
Cheryl Norton, EVP and Chief Operating Officer
John C. Griffith, EVP and Chief Financial Officer
James H. Gallegos, EVP and General Counsel
Melanie M. Kennedy, EVP and Chief Human Resources Officer
ProductsWater
RevenueIncrease US$3.93 billion (2021)[1]
Increase US$1.20 billion (2021)
Increase US$1.26 billion (2021)
Total assetsIncrease US$26.08 billion (2021)
Total equityIncrease US$7.30 billion (2021)
Number of employees
6,400[2] (2022)
DivisionsCalifornia American Water
Hawaii American Water
Illinois American Water
Indiana American Water
Iowa American Water
Kentucky American Water
Maryland American Water
Missouri American Water
New Jersey American Water
Pennsylvania American Water
Tennessee American Water
Virginia American Water
West Virginia American Water
American Water Military Services Group
WebsiteAmerican Water Corporate
The Iowa American Water Company plant in Davenport, Iowa, on the banks of the Mississippi River

American Water shares are traded on the NYSE under the ticker AWK.[3]

History

The utility was founded in 1886 as the American Water Works & Guarantee Company.[4] In 1914, American Water Works and Guarantee Company became American Water Works and Electric Company.[4] In 1947 it was reorganized as American Water Works Company, Inc.[5]

Most of American Water's services are locally managed utility subsidiaries that are regulated by the U.S. state in which each operates. American Water also owns subsidiaries that manage municipal drinking water and wastewater systems under contract and others that supply businesses and residential communities with water management products and services.

With headquarters in Camden, New Jersey, American Water has about 6,400 professionals who provide drinking water, wastewater and related services to over 14 million people in 24 U.S. states.[6]

In 2003, American Water established the American Water Military Services Group, which enters into long-term contracts with the United States Military to treat and supply water and to collect and treat wastewater on 18 United States military installations.[7]

Utilities

The company owns 80 surface water treatment plants, 480 groundwater treatment plants, 160 wastewater treatment plants, 52,500 miles of pipes, 1,100 groundwater wells, 1,700 pumping stations, 1,300 water storage facilities, and 76 dams. Throughout its networks, the company serves 14 million people with drinking water, wastewater, and related services. Services provided by American Water's utilities are subject to regulation by multiple state utility commissions or other entities engaged in utility regulation. Federal, state and local governments also regulate environmental, health and safety, and water quality and water accountability matters.

See also

References
Notes
  1. "AWK Financials". nasdaq.com. Retrieved 23 May 2022.
  2. "Inline XBRL Viewer".
  3. "NYSE". www.nyse.com. Retrieved 2022-05-20.
  4. "125 years of history". American Water. 2011. Retrieved 2015-07-11.
  5. "About American Water". Archived from the original on 2008-08-03. Retrieved 2013-07-03.
  6. "American Water > Home". Amwater.com.
  7. "Military Services". www.amwater.com. Retrieved 2022-05-20.
General sources

Further reading
  • Cross, Gilbert (1991). A dynasty of water: the story of American Water Works Company. Camden, N.J.: American Water Works Co. ISBN 0961904917.
  • American Water.com: About us
  • Fox Business Network
  • Business data for American Water:

39.948798°N 75.130792°W / 39.948798; -75.130792

  1. "American Water's Walter Lynch Joins Other Industry Leaders to Discuss Cybersecurity with President Biden". www.businesswire.com. 2021-08-25. Retrieved 2022-05-20.
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